The neighboring country was the fifth most important destination for the exports of these companies, only behind Brazil, China, the United States and Chile, according to Sepyme data.
In 2021 there were 2,771 national MSMEs that sold their products to Uruguay, consolidating itself as an important destination for Argentine firms, with a 3% increase compared to what happened in 2020. Of the total that made shipments last year, 20% were micro-enterprises, 46% small companies and 34% were medium-sized.
“Uruguay represents the gateway to international markets for most MSMEs that export for the first time. The closeness, the common history and the ties we have with them in particular, and with the members of Mercosur in general, undoubtedly favor commercial exchange and encourage our businessmen and businessmen to sell their products abroad”, explained the head of the Sepyme, Guillermo Merediz.
Last year, manufactures of industrial origin (MOI) accounted for 68% of shipments, highlighting products related to transportation, followed by manufactures of agricultural origin (MOA), with 20%; primary products (PP), with 9%; and fuels and energy (C&E), with 1%.
While, the products that recorded the highest FOB amounts were boats and cereal grains, it is highlighted in the Secretariat’s report.
Shipments to the bordering country were led by firms located in the province of Buenos Aires and the City of Buenos Aires, which together accounted for more than 76% of the total exported, and the participation of Santa Fe and Córdoba was also important, to a lesser extent. .
In the last two years, Sepyme allocated $10,690 million for assistance and financing of MiPyMEs that exported to Uruguay.
The support materialized through direct loans from the Ministry of Productive Development and through banking entities, with a rate subsidy from the National Fund for Productive Development (Fondep) and guarantees from the Argentine Guarantee Fund (Fogar); non-reimbursable contributions (ANR), training and technical assistance.
“To access foreign trade, certain capacities are required that not all companies possess. That is why, in addition to offering financing instruments, from the SEPyME we work together with the Foreign Ministry and other institutions in training and promotion activities to develop and enhance these capacities and facilitate that more and more SMEs can take their products to international markets ” Merediz added.
The exports of micro, small and medium-sized companies at a general level totaled US$10.8 billion last year, which meant the highest level in 6 years and a year-on-year increase of 15%, and in this context, shipments to Uruguay meant 5 % of the total exported by Mipymes in 2021.
Source: Ambito
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