Destination of foreign sales of agro-industrial products.
During the first six months of 2022, agribusiness generated $ 31 billion in revenue from exports, the highest figure in the country’s history.
“There are about 195 countries in the world and Argentina exports agro-industrial products to more than 170. This semester we had a historic agricultural income record, 21% more than in the first semester of 2021,” said Nicolle Pisani Claro. economist of the Agricultural Foundation for Development of Argentina (FADA).
“This is good for each of the Argentines. Why? Because those dollars are used to buy what we don’t produce, avoid crises, generate jobs and help the state provide better services,” concluded the economist.
According to semiannual data from the FADA Agroindustrial Exports Monitor, which examines 20 complexes and 10 indicators, the industry chains generated $ 31 billion in foreign exchange revenue in the first half of the year. “This shows that dollars are not lacking, in fact, dollars have entered history as never before, but that there are excess pesos in a context of monetary issuance, exchange traps and delayed official exchange”, said David Miazzo, economist of the Foundation. .
In the current edition of the Monitor, 8 complexes stand out for the increase in their exports in dollars: wheat (105%), barley (72%), sunflower (62%), legumes (55%), lemon (44%) , dairy (38%), corn (27%) and poultry (22%).
During the first six months of 2022, the Federal Government Revenue Administration (AFIP) raised a total of $ 5,684 million in export duties (DEX), and agri-food chains accounted for 94%. If grouped by supply chains, cereals and oilseeds represent 92%, followed by regional economies with 2%, meat chains with 4%, dairy products with 1% and the rest with 2%.
According to the FADA, the DEXs ensure that the producers of the provinces, where the agricultural activity is located, receive less income and consequently the productive interior also has fewer resources. “Considering DEX’s contribution in soy, corn and wheat, a province like Buenos Aires loses revenues of $ 1,479 million, Córdoba $ 1,322 million and Santa Fe $ 868 million. Santiago del Estero 345 million dollars and Entre Ríos 211 million dollars ”, explained Pisani Claro.
Seven out of ten dollars that enter the country are generated by the countryside. “Of everything that is produced by agro-industrial chains, 50% is exported. Let’s think about the number of jobs that wouldn’t exist if we didn’t export. Or to see it positively, imagine the thousands of jobs that could be generated if we exported even more. This is why we say that a virtuous circle is generated: more production, more work, more revenue in dollars ”, underlined Miazzo.
world podium
The FADA report reveals that Argentina is the world leader with cereals and regional economies: it ranks first with soybean flour and oil, lemon oil and juice, beans and peanuts. It ranks second with yerba mate and corn, third with milk powder and fourth with pears, soybeans and sunflower oil, while it ranks fifth with shrimp and prawns and wool.
“We must remember the escalations we have had: with complex rice we went from position 16 to 15, with poultry from position 11 to 10, with milk powder we went from position 4 to 3 and with sunflower oil we also went from being 5th in the world to occupying 4th position ”, underlined by the FADA.
Among the main importers of Argentine products are: Brazil (powdered milk, beans, pears, apples, wheat), the United States (lemon, tea, wine, forestry), Spain (rice, fish), the Netherlands (peanuts), Germany (wool), Syria (grass), China (poultry and beef, barley), Vietnam (corn), India (sunflower oil, soy) and Angola (pork).
As for the concentration of destinations, on average, 62% of agro-industrial exports are sold to the top 5 buyer countries. “This is relevant information as chains with a lower concentration of destinations have less dependence on the positioning of their products in the international market,” said Pisani Claro.
Source: Clarin
