Three provinces concentrate 74% of Argentina’s exports

The provinces of Buenos Aires, Santa Fe, and Córdoba accounted for 74% of the almost USD 78,000 million that Argentina invoiced for its exports, reported the National Institute of Statistics and Censuses (Indec).

According to data collected by the public agency Télam, Buenos Aires led the payroll with 36% of sales abroad; followed by Santa Fe, with 23%; and Córdoba, with 15.1%.

Cubut, with 3.7 %, and Santa Cruz, with 3%, ranked fourth and fifth in the ranking, respectively.

The eminently agricultural province of Entre Ríos represented 2.2% of export revenue, while Mendoza ranked seventh with 2.1% with its production of wines and fruits.

The geographical distribution of export turnover remained strongly correlated with the concentration of foreign trade industrial complexes.

According to Indec data, 30% of what was exported last year were products connected to the soybean industrial complex. In addition, nearly 11.9 % of earnings were associated with sales of corn, and, finally, the automotive sector accounted for 9.1% of invoices.

Of the US$ 78,000 million sold abroad, 6.7% came from the oil-petrochemical sector, where Santa Cruz and Chubut “come in weigh”; 4.6% came from beef exports; 4.5% from the wheat complex; and 3.7% from gold and silver mining exports.

Last year, 33 of a total of 40 exporting complexes registered increases unlike 2020 when most industrial complexes presented year-on-year retractions due to international trade disruptions caused by the coronavirus pandemic.

Only the peanut, lemon, pears and apples, garlic, yerba mate, blueberries, and chickpea complexes showed year-on-year drops.

Also according to Indec, Argentina exported USD 77,934 million last year, a 42 percent increase over 2020, and imported USD 63,184 million, a 49.2 percent increase over the previous year.

Argentina’s president, Alberto Fernández, stated that “in the medium term, we can double exports,” and that “there is a possibility that we will approach US$100,000 million in exports.”

Source: Portal Portuario

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