The Brazilian government’s decision to withdraw its ambassador from Argentina has deepened a crisis with not only political and diplomatic implications but also one that also threatens to affect the economic relationship between the two countries — the most important in Argentina’s foreign trade.
Nowhere else in the world does Argentina have a bilateral trade relationship as weighty as the one with Brazil.
The main destination for exports
According to the latest official data from Indec, of the US$49 billion in goods Argentina exported in the first half of the year, US$6.2 billion — 12.6% of the total — went to Brazil.
The main products exported over that period were overland transport equipment (US$2.5 billion), cereals (US$562 million), plastics (US$386 million), base metals (US$355 million), and dairy products (US$347 million).
