Argentina’s agro-industrial exports – including exports of primary products and finished goods of agricultural origin – reached a record US$39.549 billion between January and August this year.
If the trend continues, 2022 will end with an all-time high of US$55 billion.
The study by the Confederación Intercooperativa Agropecuaria Limitada (Coninagro) also highlights that Argentina’s agricultural export complex generates more than two-thirds of the country’s total exports.
And it specifies that exports of primary products (PP) plus finished goods of agricultural origin (MOA) have generated US$223.827 billion in the last five years, considering the estimate for 2022.
“In the 21st century (started January 1, 2001), the total amount of agricultural exports is US$762.995 billion,” said the cooperative agricultural sector, stressing that “the relevance of this amount highlights the importance of Argentina’s agricultural export sector.
Coninagro also stressed that the agro-industrial sector “has a share in the total world exports of its sector of about 2 percent, which exceeds many times the Argentine share of all sectors of 0.3 percent and competes with qualified technology, geostrategic relevance and diverse participation of large, medium and small companies.”
“We are amazed by the strong export capacity of the sector, even in adverse situations, and we use this data to call again for a tax cut,” said Coninagro president Carlos Iannizzotto.
The analysis pointed out that “the sector achieves these record figures even in adverse conditions compared to its peers, due to endogenous reasons such as lack of financing, macroeconomic instability, an excess of obstructive regulations, export taxes and exchange rate differentials.”
Iannizzotto also cited “exogenous reasons, such as the payment of import duties in external markets due to the lack of free trade agreements.”
He stressed that the agricultural industry “has remarkable resilience, as evidenced by the sector’s size.”