In 2023, Argentina had its lowest historical participation in world exports: will deregulation and a new foreign policy be able to reverse the trend?

Published 2023년 12월 30일

Tridge summary

Despite favorable years in the past, Argentina's participation in world exports of goods and services is projected to hit a historic low of 0.25% in 2023. This severe decline can be attributed in part to the export of primary products being hindered by drought, as well as self-inflicted issues in sales of Manufactures of Agricultural and Industrial Origin. While deregulatory measures may facilitate trade flows and boost productivity, the persistence of export duties, high tariffs, and other constraints could pose challenges for Argentina's competitiveness in the global market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

With 0.25% of the total, Argentina will end 2023 with the lowest historical participation in the total world export of goods and services. It is a strong decline compared to the 0.4% in 2000 and the 0.43% it reached in 2010, a favorable year both due to the results of the harvest and agro-industrial production and due to the international prices of raw materials. If the look extends over time the drop is even more notable. With data restricted to the export of goods (on services, local and international information is more limited; flows of this type only became important in recent decades), Marcelo Elizondo, specialist in international trade and head of the local chapter of the Chamber International Trade, specified that the Argentine participation fell from a maximum of 2.7% in 1945 to 1% in 1955 and - as the data for five years show - continued to lose weight uninterruptedly, until reaching 0.5% in 2020. Covering throughout the period, it is inferred that in almost 80 years, ...

Source: Infobae