The report pointed out that agribusiness, together with the mining sector, has an outstanding role as a net exporter in the exchange market, which is reflected in that of net currency liquidations for more than US $ 177,000 million totaled between 2020 and 2024, more than 90% are explained by the agricultural industry.
From the BCR they clarified that “when we refer to net contributions of foreign exchange we refer to Export collection of a sector deducted import payments that it requires. “
Reservations: The impact of agriculture against other industries
As for the currencies liquidated in exports of goods between 2020 and 2024, the agriculture contributed 61% and the podium of the last five years is continued by the automotive and energy industry, each with 10% of the total liquidations.
The analysis highlighted the turn of the energy balance that had been deficient, noting that “by the hand of the growing investments and the maturation of Vaca Muerta, 2024 closed with the first over -the -art energy balance since 2009” and assessing that “this encouraging situation hopes to change the exchange dynamics of the energy sector for the coming years.”
In this way, the net foreign exchange contribution of the energy sector went from a negative of US $ 452 million in 2022 to a lower deficit of US $ 87 million in 2023 and a liquidation surplus for US $ 2,624 million in 2024.
On the other hand, he reflected that “the fundamentally export orientation of the agro -industrial and mining sectors result in imports below export levels” and explained that “Agribusiness exported six dollars for every dollar required in imports in the last five years”. “Likewise, mining exports $ 9 for every import dollar,” he said.
When considering the performance of each sector according to the impact of the effective assistance of the State that each one receives, the study cited the effective assistance rate for economic activity of the Congress Budget (OPC).
In this regard, he explained that “If we observe the estimates of 2023, the OPC analyzed 40 sectors of the Argentine economy, finding positive assistance for 37 of them.
However, the food and drink sectors; Agriculture, livestock and hunting and extraction of coal, gas and oil had effective negative assistance. “
In this way, there is a condition for the development of the sector since negative economic assistance implies that state intervention reduces the added value of economic activity.
In this sense, from the BCR they affirmed that “The only sectors with negative assistance are part of the largest line of national exports and the bulk of the net foreign exchange contribution to the economy“And they explained that” the incidence of export rights explains practically all of this extraction on the agricultural sector. “
Within this framework, they highlighted that “according to IDB data and BCR estimates, discouragement and negative support put a roof for the growth and development of the responsible sector DE 92 out of every 100 dollars of net exports of Argentina. “
Source: Ambito
