Argentina also trades much with the European Union. In a 2013 report, utilizing 2012 data, it was seen that Argentina exported to the European Union more than they imported from them. Having a positive trading balance. The products that Argentina exported the most to the European Union were Food and live animals (56.3% of exports) while the product they imported the most was machinery and transport equipment (48.1% of imports). This would most likely be because Argentina is a simple country that is mostly known for its farming and livestock. Since this is what they produce the most of it would make sense that this is what they would export most, especially to a union that is mostly industrialized. It would also make sense that the industrialized union would export to Argentina machinery and transport equipment because this is not only what they mostly produce but what Argentina would need in order to more efficiently produce their goods. This interdependence benefits Argentina more than it does the European Union because it is clear that the European Union has depended more on the import of Argentine goods than Argentina has depended on the import of the European Union’s goods (European Union, Trade in goods with Argentina, 2013)
Argentina’s third-largest trading partner is the United States. Though the United States maintains a surplus in this particular partnership, it is still to the benefit to both countries. As the U.S imports intermediate goods and agriculture such as wine, fruit juices, seamless pipes, and tubes, from Argentina, Argentina imports goods to support their industrial endeavors. Though it may seem like an unequal trade because the United States maintains the surplus, Argentina still has a benefit from the trade. The imports Argentina receives from the United States helps them to be able to produce more goods to trade to other countries other than the United States. Though, Argentina doesn't have the surplus in the United States partnership, they do have the surplus in other partnerships as was seen with the European Union partnership. The reason why they are able to produce more goods for other countries is because they receive their goods for industrial endeavors from the partnership with the United States (Doing Business in Argentina, 2014)
References Doing Buisness in Argentina. (2014, Feb 5). Retrieved from Export.gov: http://export.gov/Argentina/doingbusinessinargentina/index.asp
(2013). European Union, Trade in goods with Argentina. European Commission.
Klonsky, J. (2012, Jul 31). Mercosur: South America's Fractious Trade Bloc. Retrieved from Council on Foreign Relations: http://www.cfr.org/trade/mercosur-south-americas-fractious-trade-bloc/p12762