Argentina is the South American country sharing border with the Atlantic Ocean. It’s also the eight largest country in the world.
Argentina was once one of the wealthiest countries in the world. In 2019, it had a Gross Domestic Product (GDP) of 444.46 billion USD and is projected to be at 491.11 billion USD by 2026.
Here are the shares of the economic sectors in the GDP of Argentina as of 2019
The major trading partners of the country are:
Thanks to abundant natural resources, Argentina was among the richest countries in the world. However, the political and economic turmoil of the last century has kept it from reclaiming its position among the top countries. However, the mining sector is moving in the right direction.
The country has abundant resources of tin, copper, iron ore, zinc, lithium, and uranium. Lithium remains the most prominent as Argentina accounts for 15% of the global production of lithium. The majority of the sector works with open-pit mining, while only 2 underground mines are currently operating.
The mining industry has a 4% share in the country’s GDP and makes up for 5% of foreign trade with 3.4 billion USD exports. With these stats, it’s the 4th largest exporter from the country.
According to Argentine forecasts, mining exports will triple by 2030 as they reach 10 billion USD. Private investments are also expected to bring in 27 billion USD for gold, lithium, silver, potassium, copper, and uranium projects. The government has established several policies to promote and regulate the mining sector in the interests of the economy.
With rich mineral resources and growing mining industry, the market for mining and mineral processing equipment remains active and profitable. To help fully exploit the opportunities, Camamach brings you the best mining and mineral processing equipment at cheap rates.
The construction industry of Argentina valued at 20.2 billion USD in 2019 and is forecasted to be at 22.5 billion USD in 2021. Improving economic conditions is expected to boost investor confidence in both the public and private sectors for construction projects.
The government aims to build housing projects for the low-income population and expedite the move towards renewable energy projects. It will be focusing on small-scale infrastructure projects to create jobs and to support local businesses. Moreover, short-term investment plans also encompass water treatment plants and highways. All these plans and more are expected to serve as a profitable catalyst in the construction industry.
Though slow and through many hindrances, the Argentine construction industry is on the right track and is expected to significantly improve in the coming years.
To cash in on the development projects, Camamach has stocked the highest quality construction equipment for you at competitive rates.
Argentina shares a border with the South Atlantic Ocean. The main seaports of the country are:
For imports, Camamach uses the Port of Buenos Aires, the largest port in Argentina.
Argentina has immense mineral resources, and the mining industry is a major player in the economy. The construction industry is also moving in the right direction. Some of the imported heavy machinery include Heavy Duty Trucks, Concrete Batching Plants, Grinding Equipment, Beneficiation Equipment, Mobile Crushers, etc.
Argentina handles import licensing through the Comprehensive Import Monitoring System (SIMI) formed by the National Tax Agency (AFIP). SIMI requires importers to electronically provide detailed information about the goods that are to be imported to the country. The information is reviewed by the relevant government agencies, and if approved, an import license is granted.
The import documentation for Maritime shipments include:
For further comprehensive details on the import regulations in Argentina, you can visit this website.
Camamach has been exporting equipment in Argentina for years. Feel free to contact us at sa[email protected] or WhatsApp us at +86-131-2037-9271 for a FREE quotation. We also ship worldwide; for other countries, check out our experience here.