Argentina, after Brazil, is the second-biggest economy in South America, and the two countries are the only G-20 members in the region. Argentina is the world’s greatest producer of soy, cotton, maize, sunflower seed, grapes, lemon, and pear, as well as the fourth largest producer of petroleum after Brazil, Venezuela, and Colombia.
Argentina is one of the world’s major meat producers, with a reputation for excellent quality.
Furthermore, Argentina’s membership in Mercosur and its relations with Spain make it a suitable destination for Spanish exports via ocean freight to Argentina.
Argentina, as a Mercosur member, uses the common external tariff (CET), which ranges from zero to twenty percent for most products. Some automobiles are subject to tariffs of up to 35%.