A middle emerging economy and one of the world's top developing nations, Argentina is a member of the G-20 major economies. Historically, however, its economic performance has been very uneven, with high economic growth alternating with severe recessions, income maldistribution and—in the recent decades—increasing poverty. Early in the 20th century Argentina achieved development and became the world's seventh richest country.
Located in the southernmost point of South America, Argentina is the eighth-largest country in the world in terms of surface area and the second largest in Latin America.
Argentina is one of the countries with the greatest abundance and diversity of natural resources in the world, agricultural lands, abundant forest, the world’s top food producers, the mineral-rich Andes mountain range contains mining deposits of gold, silver, zinc, copper, oil, manganese, lithium, uranium and sulfur throughout its 4,500 kilometers. The Argentine Sea and the continental platform are rich in fishing and hydrocarbon resources. Argentina actively promotes sustainable development and protection of its natural resources, for example through the voluntary reduction of its carbon dioxide emissions.
Main ports in Argentina include:
- Buenos Aires (handles general cargo)
- Campana (Hyrocarbon chemical products)
- Zarate (Roll on, roll off, gas)
- Bahia Blanca (Food imports, gas, petrochemical products, and general cargo)
When exporting to Argentina, some key things to keep in mind:
- Be sure to identify the tariff line in the NCM of the product to be exported
- The NCM will indicate which export refunds correspond to the product as well as export duties, government incentives, and the tariff and non-tariff barriers the product will face at the destination port or place of discharge.
When importing to Argentina, remember:
- Import licenses: Imports to Argentina require a license, which importers can apply for by providing the documentation required by the pertinent governing body. Note: This is a pre-condition before importing any goods to Argentina.
Did you know: Argentina has the largest railway system in Latin America, with 36,966 km (22,970 mi) of operating lines in 2008, out of a full network of almost 48,000 km (29,826 mi)?
This system links all 23 provinces plus Buenos Aires City, and connects with all neighboring countries.