Economy of Argentina GDP levels in the world, at par with Canada and Australia and surpassing both France and Italy. Argentina today (2018) is plagued by currency crisis which involved a potential bailout from International Monetary Fund. The currency declined by 18% over a period of 12 days in May 2018 to more than 25 Argentine pesos per U.S. Dollar. Argentina is considered an emerging market by the FTSE Global Equity Index (2018), and is one of the G-20 major economies. Prior to the 1880s, Argentina was a relatively isolated backwater, dependent on the salted meat, wool, leather, and hide industries for both
Argentina–China relations experienced changes within their trade evaluations. The rate of soybean production of five South American countries a part of Mercosur witnessed a 221.4% growth from 1995 to 2010. Argentina is one of China's main trading partners in South America; the trade between both countries amounting to nearly $13 billion in US currency. Before 2008, the amount of exports Argentina sent to China accounted to be US $5.796 billion, and the imports from China to Argentina totaled to be US $7.649 billion. The trade exchange between Argentina and China showed an 80% export of soybean products to China from Argentina, and