What are Argentina's top 4 industries?
- Food Processing and Beverages Industry. ...
- Appliances and Electronics Industry. ...
- Textile Industry. ...
- Oil Industry. ...
- Sustainable Economic Development.
Among the main industries in Argentina are food processing, automobile production, textiles, energy production, and mining. The nation also has a growing chemical industry. The service sector is now the leading component of the Argentine economy.
The country's major exports are still agricultural products, notably grain; also important are petroleum, machinery and transport equipment, and chemicals.
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.
Exports The top exports of Argentina are Soybean Meal ($7.89B), Corn ($6.46B), Soybean Oil ($3.9B), Soybeans ($2.31B), and Delivery Trucks ($2.3B), exporting mostly to Brazil ($7.67B), China ($5.41B), United States ($3.47B), Chile ($2.91B), and Vietnam ($2.87B).
Resources in Argentina
The important mineral resources present in the country include lead, zinc, tin, copper, iron ore, manganese, petroleum, uranium, and lithium. In 2016, the mining sector contributed $17.8 billion to Argentina's GDP, representing 3.2%.
Argentina is known for its passion for soccer, Mate culture, and love for Tango. With stunning natural landscapes in Patagonia to vibrant city life in Buenos Aires, the country offers a unique experience for travelers. Argentina is also famous for its quality wine, delicious food, and world-renowned landmarks.
The South American country is one of the world's main crop producing nations—responsible for up to 54% of their exports—making crops in general the main export of Argentina. These crops include wheat, soybeans, corn, barley, rice, flax seed, sugarcane, cotton, citrus fruits, and grapes.
Leading Industries of Argentina
The largest GDP contributor is the business, social, and other services sector which make up 33.3%. This is followed by manufacturing at 17.2% of the GDP and commerce and tourism at 16.9%.
It is a leading food producer with large-scale agricultural and livestock industries. In addition, Argentina has significant opportunities in some manufacturing subsectors, and innovative services in high tech industries.
Is Argentina poor or rich country?
A century ago, Argentina was framed in the top ten of richer countries of the world. Today it is located in the ranked 63 in the world, according to the latest data from the International Monetary Fund (IMF 2017) and the poverty reached 33.6% of the population (UCA, 2018).
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Developing Countries.
| Country | Argentina |
|---|---|
| Population | 45.8 M |
| GNI per capita | 10,050 USD |
| Human Development Index | 0.845 |
| Human Asset Index | 97.6 |
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Argentina.
| Argentine Republic República Argentina (Spanish) | |
|---|---|
| Official languages | Spanish |
Argentina's economic freedom score is 50.1, making its economy the 144th freest in the 2022 Index. Argentina is ranked 27th among 32 countries in the Americas region, and its overall score is below the regional and world averages.
#1: Clothing, Footwear and Leather Goods.
In 2019, Coca Cola was the leading beverages brand in Argentina with 173 million Consumer Reach Points (CRP), followed by Manaos, with 86 million CRP.
Natural Resources
Argentina boasts rich oil and gas, mineral and agricultural resources. The country's state oil firm YPF has partnered with global majors to extract oil and gas, both offshore and onshore, and from the Vaca Muerta shale play in Neuquén province.
Argentina's total primary energy mix is dominated by natural gas (55%) and oil (33%), with bioenergy contributing 5%, and hydropower and nuclear another 3% each. Argentina has the 2nd largest reserve of shale gas and the 4th largest reserve of shale oil worldwide.
Oil Reserves in Argentina
Argentina holds 2,379,702,000 barrels of proven oil reserves as of 2016, ranking 33rd in the world and accounting for about 0.1% of the world's total oil reserves of 1,650,585,140,000 barrels. Argentina has proven reserves equivalent to 9.2 times its annual consumption.
Leading Industries of Argentina
The largest GDP contributor is the business, social, and other services sector which make up 33.3%. This is followed by manufacturing at 17.2% of the GDP and commerce and tourism at 16.9%.
What are some of the major industries in Brazil and Argentina?
In the two most industrialized countries, Argentina and Brazil, the production of foodstuffs, beverages, and tobacco accounts for only about one-seventh of the total manufacturing output.
Buenos Aires's main industries include food processing (meat, fish, and grain), metalworking, automobile assembly, oil refining, printing and publishing, and the manufacture of textiles, beverages, paper, and chemicals. Heavy industry has grown much faster in metropolitan Buenos Aires than elsewhere in Argentina.
U.S. exports to Argentina include machinery, fuel, aircraft, and plastics. U.S. imports from Argentina include aluminum, wine, and fuel. There are more than 300 U.S. companies doing business in Argentina, employing more than 150,000 workers.
Industry. Brazil has advanced industries in the fields of petroleum processing, automotive, cement, iron and steel production, chemical production, and aerospace.
national flag consisting of a green field (background) with a large yellow diamond incorporating a blue disk with a white band and stars.
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Developing Countries.
| Country | Argentina |
|---|---|
| Population | 45.8 M |
| GNI per capita | 10,050 USD |
| Human Development Index | 0.845 |
| Human Asset Index | 97.6 |
With a Gross Domestic Product (GDP) of approximately US$490 billion, Argentina is one of the largest economies in Latin America.
The South American country is one of the world's main crop producing nations—responsible for up to 54% of their exports—making crops in general the main export of Argentina. These crops include wheat, soybeans, corn, barley, rice, flax seed, sugarcane, cotton, citrus fruits, and grapes.
