MercoPress. South Atlantic News Agency
Soybean and by products represent 25% of Argentine exports
The oil seed industry has transformed Argentine agriculture and farm production Argentine overseas sales of soybeans and by products reached 17.3 billion US dollars in 2010, equivalent to 25.4% of total exports, according to the latest report from the country’s statistics office INDEC. In 2009 the soy complex exports represented 23.3%.
Soy is followed by the automobile industry with exports totalling 8.6 billion or 12.6% of total exports.
Oil and gas come in third with 5.4 billion USD, or 7.9%. This share has been dropping sustainedly since 2006 when they represented 14.4% of Argentina’s total exports.
Corn figures in fourth position with 3.3 billion USD, equivalent to 4.7% of overseas sales.
Gold exports are a surprise given their sustained advance in the last few years. In 2010 they reached 2.01 billion USD, or 3% of total exports. This compares with 1.9% in 2009 and 1% in 2007, meaning that gold exports have more than trebled in recent years.
Petrochemicals exports total 1.8 billion USD (2.7%); steel, 1.6 billion USD (2.3%) and copper with 1.5 billion, (2.2%).
The ranking of the first ten items is completed with wheat, 1.35 billion (2%) and meats, 135 billion (2%).
Top Comments
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Read all commentsSoybean prices lowering !
May 07th, 2011 - 02:02 pm 0Problematic export materials !
and Cristina said some time ago that Soy was just a weed, without this weed she coulnd't be doing all she's doing.
May 07th, 2011 - 04:10 pm 0”Oil and gas . . . . (at 7.9%) . . . share has been dropping sustainedly since 2006 when they represented 14.4% of Argentina’s total exports.”
May 08th, 2011 - 02:01 pm 0This is perhaps the reason why Soy (23.3 -> 24.5%) and cars (?->12.6%) have shown a % increase.
It does not, in itself, indicate an increase in soy export or an increase in car export (though this may be the case).
And, of couse, the real inflation and its change over the 12 months in question, means that the purchasing power of the income derived from these exports may be more, the same or less in the way it translates into value to the man in the street.
PS Has Argentina won back its Chinese soy export trade yet?
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