The exports of the SME companies They grew by 21.7% during the January-November 2024 period, reaching a total of US$9,234 million, which is equivalent to 12.4% of the total exported by Argentina in that period.
In terms of volume, SMEs exported 7.9 million tons, which represents an increase of 27.5% compared to the first eleven months of 2023. This increase in exported tons reflects real growth in sales abroad by SMEs. However, The average price per exported ton registered a drop of 4.5%, standing at US$1,174.
The fact that the increase in volume is greater than that recorded in monetary value shows that Companies must export greater quantities to generate the same income in dollars. This is because, in most cases, prices are not a negotiating variable. In this context, adding value to the exported units would increase the contribution margin of each dollar generated by exports.
Of the 7,701 export companies registered in this period, 5,486 are SMEs, which represents 71.2% of the total operators during the first eleven months of the year.
These data arise from the SME Export Monitor (MEP), an indicator prepared by the Statistics and Reports sector of the Argentine Confederation of Medium Enterprises (CAME).
SME exports: sectoral analysis
The MEP analyzes 16 items that group the tariff positions from chapter 1 to 99 of the Mercosur Common Nomenclature, amendment 2024.
In the first 11 months of the year, four of the 16 items analyzed showed falls, Tobacco and derivatives were once again the category with the greatest decrease (-30.8%). On the other hand, The branch with the greatest growth in dollars was Miscellaneous Manufacturing (+1,266%), while in tons the greatest growth was in the Oil and fuels category (+117%). and the biggest drop also occurred in Tobacco and derivatives (-30.6%).
The country’s SMEs concentrated their exports mainly in Unprocessed foods, which represented 50% of the total. Although this increase in volume is positive, shows the lack of added value, since industrializing products locally allows obtaining greater income and generate employment.
SME exports: analysis by destination
33.1% (US$3,060.9 million) of the exports of Argentine SMEs were mainly South America destination, highlighting Brazil and Chile as main partners (US$1,926.4 million).
The second most important continent for Argentine small and medium-sized companies was Europe (24.3%), with the Netherlands, Spain and Italy as the main trading partners (US$1,038.8 million). Finally, it is worth noting that, of the more than 198 possible export destinations for Argentine SMEs, 30 countries concentrate more than 87% of the operations (US$8,036.3 million).
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Source: Ambito
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