Markets – Argentina
Argentina’s exports, and especially trade with MECOSUR partners, have been a key factor in driving the economy. Exports are estimated to be $8 billion per month. The main exports are soybean products, cereals, beef, motor vehicles and parts, chemicals and pharmaceuticals with over 60% of exports being agricultural products. Argentine’s largest exports markets are Brazil, European Union, China, United States and Chile.
Sourcing opportunities can be found in mining, most areas of primary production, agribusiness, communications, transport and the public utilities sectors. Other sectors with promise are environmental management, wine, construction and building materials and high-tech machinery.
Sourcing effectively from Argentina requires understanding customs and etiquette as this is vital to building relationships based on mutual trust and securing the best deal. Sourcing timeframes in Argentina are typically longer than usual and it is important to factor this in to sourcing schedules.
To discuss your sourcing or procurement intelligence requirements from Argentina, please contact us.