Tridge summary
Despite Argentina's historical role as a competitive food supplier, its dominance has been challenged by other countries during the pandemic. According to the Inter-American Institute for Cooperation on Agriculture, Brazil's agricultural exports grew by 39 percent year-on-year from March to July, placing it in first, while Argentina saw a minimal positive balance of $23.6 million in exports to 61 destinations, despite an increase in shipments to 105 countries. Imports from Paraguay soared, largely due to soybean purchases, and Argentina's exports experienced fluctuations, with China, India, Malaysia, and Egypt increasing their purchases, but Iran, Brazil, and South Korea reducing theirs. The article also touches on the challenges ahead for maintaining export performance, including potential exchange restrictions and the need for companies to negotiate new debt and export financing conditions with their creditors.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
If there is a profile that characterizes Argentina, it is the one that it has developed in recent times as a competitive food supplier. However, that power is increasingly shared by other countries that developed the same skill, even with better monetization. The statistics during the months of the pandemic speak for themselves. In Latin America and the Caribbean, Brazil continues to be the great agro-industrial supplier. Its performance in foreign trade between March and July of this year - measured in dollars - grew 39 percent year-on-year, according to data from the monitor of the Inter-American Institute for Cooperation on Agriculture (Iica). Where is Argentina located? It is in fifth place in percentage growth, after Brazil, Paraguay, Costa Rica and Belize. These five countries on the continent add up a 13.6 percent increase in their income from agricultural sales during the months of the pandemic, for a total of 64,000 million dollars. Importer? Despite being among the ...
Source: ARAgrovoz
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.