Essay Database

Argentina has had a fairly unstable economy for the past 7 years, in terms of its balance of trade. In the 1993 and 1995, it enjoyed the least imports for the past 7 years, and in 1993 and 1994, it realized the least amount of exports, but no substantial change occurred in the service account. The country has had steadily growing imports and exports for the past four years, but this has not started until the year 1995. That year, the imports …

…hand, the country's exports comprise of more than 30% livestock, which it is famous for. Argentina receives 8.3%1 of its imports from the US, which totaled $1.4 billion in 1998. The country sent not even half this dollar value in form of exports to the US, which totaled $.5 billion in the same year. Therefore, Argentina seems to be larger purchaser than seller in the trade with US, which contributes in increased debit of its balance of trade. ------------------------------------------------------------------------ **Bibliography**