Argentina: From the north, tea, yerba mate and the forestry industry also add dollars to the country

Published Sep 2, 2022

Tridge summary

The article highlights the positive trend in exports for Argentina's forestry complexes, tea, and yerba mate sectors in the first half of 2022, as reported by the Agricultural Foundation for the Development of Argentina (FADA). Despite a 29% decrease in volume, forestry exports increased by 2% to $289.5 million, with 57% of these exports originating in the NEA region. The tea sector saw a 5% increase in exports, totaling $45.6 million, with the United States as the primary market. Yerba mate exports rose by 2% to $39 million, with 12% of production being exported and the rest consumed domestically. The majority of these exports were sourced from the NEA region, with Syria being the main destination.

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Original content

The forestry complexes, tea and yerba mate closed the first half of the year with an increase in their exports, according to a survey prepared by the Agricultural Foundation for the Development of Argentina (FADA). In the case of forestry activity, the dynamics in terms of foreign trade is similar to other value chains, with an increase in turnover and a cut in volumes shipped. Between January and June, they exported for US$289.5 million, which in the year-on-year comparison marked a rise of 2%, but with a drop of 29% in the volumes shipped. LOOK: Good wood businesses: the forestry sector could triple its exports in the next decade According to FADA, this complex is one of the regional economies with the greatest diversification, when analyzing the origin of its exports. 57% originated in the NEA, 29% in the Pampas and 10% in the NOA. The products exported by this complex are mainly linked to the primary link, which represented 46% of sales. NEA DOMINATES TEA EXPORTS In the first ...

Source: ARInfocampo