The oil complex doubled its weight in exports in just three years and displaced the second place automaker

The oil complex doubled its weight in exports in just three years and displaced the second place automaker

Between 2021 and 2024, oil and mining exports were the most dynamism. Despite the improvement versus 2023, agro sales were lower than those three years ago.

The oil-picrochemical complex doubled its participation in exports Argentinas in just three years. Within that framework, during 2024 he displaced the automotive sector of second place in the sales table to the rest of the world.

A report of INDEC He released data on Wednesday at the close of 2024 on exports segmented by export complex. As expected, the Sojero headed the list, by concentrating about 25% of shipments abroad (US $ 19.624 million).

Under a medium-term look, INDEC data showed that external sales of hydrocarbons and their derivatives (which include sub-comparisons of oil, gas and petrochemical products) were those of greater dynamism in the last three years. Since 2021 this sector experienced a growth of almost 100% in its exports; As a result of that explosion, the weight over the total went from 6.7% to 13% (U $ 10,402 million last year).

Thus, thanks to the maturation of the unconventional production of Vaca Muerta and the development of infrastructure necessary as was the construction of the Perito Moreno Gas Pipeline (former Nestor Kirchner), the oil complex It went from being the most relevant room of the export basket to being the second. This place had been occupied by the automaker in 2023 (in 2024 it was third) and by the cornfield in 2022 and 2021 (in 2024 it was fourth).

The mining sector was the second with the best performance In recent years, highlighting within it in gold and silver (+31.4%), aluminum (+67.4%) and lithium (+216.6%). At the other extreme, the most important negative variations were verified in the main agricultural crops; Both soy and corn and wheat had falls around 20%.

Regarding 2023, the increases in the soybean and triguero complexes were highlightedof 91.3% and 40.3%, respectively, explained largely by the decrease base of comparison due to the drought that the country was going through during the last year of the presidency of Alberto Fernández. It also had a significant rise, of 29.1%, the gold and silver complex. You enter the casualties, the most important were lithium (-22.7%) and barley (-8.7%).

How were the changes in the ranking of the main export complexes

  1. Sojero complex: 30.6%
  2. Maicero Complex: 11.9%
  3. Automotive complex: 9.1%
  4. Petroleum-Petrochemical Complex: 6.7%
  5. Bovine meat and leather complex: 4.6%
  6. Triguero complex: 4.5%
  7. Gold and silver complex: 3.7%
  8. Fishing complex: 2.6%
  9. Sunflower complex: 1.7%
  10. Dairy complex: 1.5%
  1. Sojero complex: 24.6%
  2. Petroleum-Petrochemical Complex: 13%
  3. Automotive complex: 11.3%
  4. Maicero Complex: 9.1%
  5. Gold and silver complex: 4.8%
  6. Bovine meat and leather complex: 4.8%
  7. Triguero complex: 3.5%
  8. Fishing complex: 2.5%
  9. Sunflower complex: 1.8%
  10. Dairy complex: 1.6%

Source: Ambito

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