• Argentina

    Argentina

    Development Challenges  

    Argentina is the third largest economy in Latin America with a GDP of US$596 billion (est. 2010). Despite financial turmoil and sharp economic contraction in the period 1999-2002, the country’s economy recovered spectacularly by achieving an average real growth rate of 7.3 percent in the period 2003-2010. One of Argentina’s most important economic strengths is its positive trade balance due mainly to strong export performance in agriculture, oil and gas, and industrial products. Argentina also benefits from a large variety of natural resources, a well-educated population and a relatively diversified industrial base. The services sector is the largest, representing 60 percent of GDP and employing 72 percent of the labor force. Despite these strengths, several developmental challenges remain, including: 

    • High inflation, measured at 22 percent in 2010Poverty and inequality
    • Poverty and inequality with 30 percent of Argentinians living below the poverty line, and a distribution of Family Income (Gini) Index of 45.8
    • Achieving good governance
    • Unemployment at 7.8 percent in 2010, slightly down from 8.4 percent in 2009

     

    Key Trade Issues 

    • As a G20 member, Argentina seeks to conclude negotiations of the WTO Doha round, in which the elimination of agricultural subsidies remains a key issue.
    • Export tax policy
    • Reduce the environmental impact of trade
    • Further regional integration with the Southern Common Market (MERCOSUR) and expand multilateral trade relations with Europe and Asia
    • In terms of TRTA, the main area of interest for Argentina is agriculture, but it also gives priority to services, market access for non-agricultural products, and the reduction of barriers to the trade of environmental goods and services. 
       

    Government Priorities 

    • Reduce the impact of the global financial by implementing new tax and subsidy policies
    • Strengthen the social security system
    • Attract investment and improve investor confidence
    • Boost innovation and improve infrastructure, particularly roads
    • Create new jobs
    • Continue restructuring its sovereign debt 
       

    Trade and Tariff Graphs

    Graphs of the country’s export markets, its export performance in a key sector and tariffs exporters of a sample product face.
    Trademap sample Trademap sample: The map uses color codes to illustrate the relative size of different markets in the overall exports of the country shown in pink.
    Trademap sample Trademap sample: The vertical axis shows import values by key importing countries, while the horizontal axis shows export values by the country for the same sector. I.e. the country has gained market share in the case of an importing country at the bottom right of chart and lost market share for countries top left. The size of circles is proportional to market size.
    Market access map sample Market access map sample: The world map shows trade values and tariff levels for a key export product by importing countries. Color codes indicate protection levels. Red circles denote trade volumes.

    Trade and Investment Data

    Detailed data on the country’s export performance, key imports and foreign investment, grouped by product and service categories (HS and BOP).

    Trade Information Sources

    A listing of country specific print and online publications on trade related topics. Includes information from both ITC and external sources.

    Trade Contacts

    The most important trade contacts, including importers’ and exporters’ associations, trade support institutions, trade promotion organizations and institutions providing business development assistance.