What are the major economic resources of Argentina?

What is the source of the economy in Argentina?

Argentina’s economy, which is one of the more powerful in the region, is dependent on services and manufacturing, although agribusiness and ranching dominated the economy for much of the 19th and 20th centuries.

What are 3 major exports of Argentina?

The country’s main exports include oil-cake and other solid residues (13.1%), maize (9.1%), motor vehicles for the transport of goods (5.3%), soy-bean oil and soybeans (10.2%), and meat (3.5%); while it imports motor cars and other motor vehicles (4.8%), auto parts and accessories (4.2%), petroleum oils and oils …

How does Argentina use their natural resources?

The country’s economy is driven by the oil and gas industry, boasting significant onshore, offshore and shale oil and gas reserves, alongside its agricultural and livestock industries.

What is economics like in Argentina?

Argentina’s economic freedom score is 52.7, making its economy the 148th freest in the 2021 Index. Its overall score has decreased by 0.4 point, primarily because of a decline in monetary freedom.

What is Argentina famous for producing?

Argentina is one of the world’s major exporters of soybeans and wheat, as well as meat. It is also one of the largest producers of wool and wine, but most of its wine is consumed domestically.

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What products are produced in Argentina?

Argentina’s organic crops include sugar cane, raw wool, fruits, vegetables and beans. Major organic exports include cereals and oilseeds: corn, wheat, soy and sunflower. Fruits and vegetables also make up a part of Argentina’s major organic exports: pears, apples, oranges, lemons, garlic onions and beans.

What are the top 5 exports in Argentina?

Argentina’s Top 10 Exports

  • Animal/vegetable fats, oils, waxes: $4.8 billion (8.7%)
  • Oil seeds: $3.4 billion (6.2%)
  • Meat: $3.3 billion (6%)
  • Vehicles: $3.3 billion (6%)
  • Mineral fuels including oil: $2.1 billion (3.8%)
  • Gems, precious metals: $2 billion (3.6%)
  • Fish: $1.6 billion (3%)
  • Dairy, eggs, honey: $1.1 billion (2%)

What is Argentina top export?

Exports The top exports of Argentina are Soybean Meal ($8.81B), Corn ($6.19B), Delivery Trucks ($3.83B), Soybeans ($3.47B), and Soybean Oil ($3.38B), exporting mostly to Brazil ($10.3B), China ($6.94B), United States ($4.44B), Chile ($3.15B), and Vietnam ($2.83B).