According to a recent report, the country went from generating 0.47% of total world exports in 1983 to 0.27% in 2023.
In the last 40 years, Argentina fell into exporter ranking of world goods from 33rd to 55th place, its worst position since the series existed. This was revealed by a recent report by Marcelo Elizondopresident of the International Chamber of Commerce (ICC) in Argentina.
What it implies is that the country went from generating 0.47% of total world exports in 1983 to 0.27% in 2023. The measurement, carried out over a 5-year period, realizes that the country suffered falls and recoveries in different stagesIn 2003, for example, it was ranked 52nd in the ranking, and in subsequent years it recovered positions and moved to 46th place in 2013.
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Foreign trade: why Argentina lost positions as an exporter
One of the factors mentioned in the report about the changes in the ranking is the appearance of new countries or that others began to appear in the data since they were not previously relevant exporterschanges in their offer or the appearance of information since some did not provide it.
Among the countries that they surpassed Argentina The ranking includes Ireland, Israel, Qatar, Chile, Turkey, Thailand, Portugal, Vietnam, Malaysia, Kazakhstan, Oman and Romania.
Among the reasons that Elizondo points out for this change in the positions of other countries, highlights the development of strategic productive sectors or international agreements of integration, all of which improved their competitive attributes. In addition, they developed an exportable offer through investment or multiple international openings and today they trade through internationalized companies that created local conditions to favor going abroad. In conclusion, he highlights, “established a market-oriented economy or achieved the development of relevant international business actors.
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Foreign trade: how Argentina can recover its exports
According to Elizondo, To return to the position it had 40 years ago, Argentina would have to export more than 55% more than what it sold in 2023 (a year marked by the impact of the drought). This would be the equivalent of about US$105,000 million.
To reach that amount, Elizondo highlights a series of expected improvements that can occuramong which stands out gguarantee the validity of institutions that ensure rights (property, legal and physical security, compliance with contracts and principles of legality to resolve disputes); recover macroeconomic balance and improve the logistics capacity.
To this we also add updating the regulatory environment to accompany productive innovation and encourage improvements; create a friendly economic, political and productive environment that facilitates productive planning; and generate a international architecture that improves the access of products and their companies in external markets.
Source: Ambito
