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buenos aires, september 17: according to the latest data, argentina's mining exports reached 2.167 billion us dollars in the first seven months of 2024, accounting for 4.9% of the country's total exports. although it fell by 6.8% compared with the same period last year, it was still higher than the average level of 3.4% in the same period of 2010-2023.

behind this seemingly boring number, there is a wonderful story of the development of argentina's mining industry. let's unveil this mysterious veil and see how argentina's underground treasures affect the country's economy.

first, let's get to know these glittering protagonists. in july 2024, metal minerals dominated the exports, accounting for 79.9%. among them, gold topped the list with an export value of us$153 million, accounting for 63% of total exports; followed by silver, which accounted for 15% with a performance of us$37 million. these two precious metals can be said to be the "twin stars" of argentina's mining exports.

however, even stars have their downfalls. compared with the same period in 2023, gold exports fell by 34.5% and silver fell by 28.5%. this is mainly due to the decline in international market prices. however, don't be fooled by these short-term fluctuations. from the cumulative data of the first seven months of this year, gold exports actually increased by 11.4% to us$1.43 billion, and it is still the mainstay of argentina's mining exports.