In 2022 Argentina registered a record of agro-industrial exports, reaching a turnover of almost 60 billion dollars, 8.5% more than in 2021, according to a report from the Agricultural Foundation for the Development of Argentina (FADA) which analyzed 20 productive chains under the magnifying glass of 10 indicators.
The Government assures that in the last 3 years the countryside has done better than during the macrismo
Coinciding with a report from the Foundation linked to former minister Julián Domínguez, Economy maintains that between 2020 and 2022 the production of corn, milk and meat and exports from the sector exceeded those of the 2016-2018 triennium
The improvements were widespread. The dairy chain achieved 24% growth in its exports, meats improved 17% and grains 9%. As a counterpart, the regional economies fell by 5%.
“A little over a month after becoming world champions, we highlight the products with which we are leading world exporters: we occupy the first place with soybean meal and oil, lemon oil and juice, kidney beans and peanuts“, Explain David MiazzoFADA economist.
Agricultural exports grew by more than 8% in 2022 and exceeded USD 49,000 million
These are data from the Ministry of Agriculture. Among the items that stood out the most were meats, dairy products and wheat
The report shows which complexes increased their exports the most in dollars: barley 71%, sunflower 42%, wheat 35%, poultry 24%, dairy 24%, grass 19% and beef 19%.
The FADA specialists highlighted that “exports generate thousands of jobs and the dollars that are needed, both to be able to import and to help stabilize an economy where pesos are left over. The more we export, the more possibilities for the economy to grow and develop”.
“The trade balance or balance of a country is the result between the dollars that enter for exports and those that go for imports. In 2022, Argentina registered a surplus of USD 7,000 million, 53% less than in 2021, mainly due to the increase in imports. Many branches of activity present a deficit balance, while only three present a surplus: agroindustry, mining and transport”, explain the economists.
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During January, more than 27,000 units were manufactured, 45% more than in the same month last year.
“The curious thing is that if we look at the balances, in the case of mining it is USD 1,040 million and transportation USD 373 million. In the case of agribusiness, it is a total of USD 49,000 million, it wins by a landslide,” he said. Nicolle Pisani SureFADA economist.
Of everything produced by agro-industrial chainson average, 54% supplies our domestic consumption and the other 46% is exported to different destinations.
According to the report, of the meat produced in Argentina, 99% of the pork remains for domestic consumption and only 1% goes to the world: “In the case of chicken, 90% remains and 10% is exported. 71% of the beef is for Argentines and 29% is sold abroad. Finally, regarding sheep meat, 63% remains in the domestic market while 37% is exported”.
According to the FADA Export Monitor, Brazil continues to be Argentina’s main trading partner, thanks to its purchases of rice, milk, legumes, pears and apples, and wheat. Then they follow him China (poultry and beef and barley), India (sunflower and soybean), USA (lemon, wine, tea, forestry), Vietnam (corn), Netherlands (peanut), Syria (Herb), Spain (fishing), Ivory Coast (pig) and Germany (wool).
From FADA they pointed out that on average, 63% of annual agro-industrial exports are sold to the first five buyer countries. “This is relevant data, since the chains with less concentration of destinations have less dependence for the placement of their products in the international market,” explained Pisani Claro.
From the other angle, the agro-industrial products exported by Argentina come from every corner of the country. “We can see that in the Patagonia What is most exported are the fishing items, pears and apples. In the pampean region They are mostly soybeans, peanuts, sunflowers, corn, wheat, barley, beef, dairy, and poultry. in Whose the wine chain prevails. In it NEA What is most exported is the forest complex, tea, yerba and rice. Lastly, in the NOT they specialize in lemon, beans, and chickpeas,” said Miazzo.
“If we discover that 46% of what we produce we export, it is impossible not to think about the thousands of homes that are supported thanks to that and the number of tables in the world where we are,” added the economist.
“In 95 countries they enjoy our wines and musts. Our corn reaches 84 countries. With our beef we are at the table of 51 countries. In total, with our products we reach 155 countries, more than 80% of the countries in the world, ”he said.
For Pisani Claro, in terms of international demand the outlook for 2023 is negative; in exchange rate competitiveness neutral; in exportable supply negative; and in prices negative.
“2023 is expected with a lower level of exports compared to 2022, mainly due to the drought, not only in grains but also in other products such as meat and milk. With these perspectives, exports from agro-industrial chains could be estimated at close to USD 47,000 million for 2023, some USD 13,000 million lower than in 2022 ″, he remarked.
“Less exports imply less dollar income and less collection of Export Duties. If we analyze the contribution to the collection of AFIP by Export rights, We see that 97% of the total collected in this concept is contributed by agro-industrial chains. These contributed USD 10,591 million out of a total of USD 10,945 million. Cereals and oilseeds contributed 91%, followed by meat chains with 3.6%, regional economies 1.8%, dairy products 1% and the rest 2.6%”, explained the specialist.
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