In terms of volume, SMEs exported more than in the first seven months of 2023. The report responds to the SME Export Monitor (MEP) to measure the foreign trade of small and medium-sized enterprises.
The exports of SMEs grew by 15% and reached US$5.395 million exported, which represents 11.5%of the total exported by the Argentine Republic in the period January – July 2024.
In volume, SMEs exported 4.8 million tons, 22.7% more than the first 7 months accumulated in 2023. This similarity between dollar and volume growth indicates real growth in SME exports. With these values, small and medium-sized enterprises exported, on average, US$1,125 per ton, 6.3% less than the same cumulative period in 2023.
Of the 3,873 companies that sold abroad in this period, 2,787 are SMEs; that is, in the period analyzed, 72% of operators are SMEs.
This is how it arises from the SME Export Monitor (MEP)an indicator developed by the Statistics and Reports sector of the Argentine Confederation of Medium-sized Enterprises (CAME) to measure the exports of small and medium-sized enterprises in the Argentine Republic, based on the monthly monitoring of the operations of Argentine companies in foreign trade, discriminating by their SME status declared before the Secretariat of Small and Medium-sized Enterprises, Entrepreneurs and Knowledge Economy, dependent on the Ministry of Economy of the Nation.
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SME exports: sector analysis
The MEP analyzes 16 headings that group the tariff items from chapter 1 to 99 of the Common Nomenclature of Mercosur, amendment 2024.
In the first 7 months of the year, 4 of the 16 sectors analyzed showed declineswith tobacco and derivatives being the category with the greatest decline (-15.7%). On the other hand, the category that grew the most in dollars was that of various manufactured goods (1,761%). Measured in tons. The largest increase was in textiles and textile manufactures (438%), while the largest drop also occurred in the tobacco and derivatives sector (-22.1%).
33.9% (US$1,829.4 million) of Argentine SME exports were due to South America as the main destination, with Brazil and Chile standing out as the main partners (US$1,180.9 million).
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The second most important continent for Argentine small and medium-sized businesses is Asia (23.4%), where China, Russia and Israel are the main trading partners (US$886.1 million).
Finally, it should be noted that Of the more than 198 possible export destinations for Argentine SMEs20 countries concentrate more than 80% of the operations (US$4,318.9 million).
Source: Ambito
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