Argentina - Market OverviewArgentina - Market Overview
- The U.S. exported $10.8 billion in goods to Argentina in 2014 and purchased $4.4 billion. In services, the U.S. exported $7.1 billion and Argentina sold $1.9 billion. The U.S. supplies raw materials, intermediate goods, and capital goods to feed Argentina’s industrial sector while Argentina exports food, wine, and agricultural products as well as intermediate goods.
- About 90 percent of U.S. exports to Argentina are used in local industry and agriculture such as computers, industrial and agricultural chemicals, agricultural and transportation equipment, machine tools, parts for oil field rigs, and refined fuel oil. Argentine exports include goods like wine, fruit juices, crude oil, and intermediate goods like seamless pipe, tubes, and other iron-based products.
- Over 500 U.S.-based companies operate in Argentina, employing 360,000 Argentines directly and supporting millions more indirectly. The stock of U.S. investment in Argentina reached $15.2 billion in 2013 and is concentrated in energy, manufacturing, information technology, and finance.
- U.S. firms operating in Argentina impact the Argentine economy and society positively and are widely respected for their corporate governance, the quality of the work environment they provide to their Argentine employees, their transparency, and their work in corporate social responsibility.
- Argentina is a resource-rich country with huge potential.
- Its population is highly literate and well-educated. There are strong cohorts of professionals in medicine, business, law, accounting engineering, architecture, etc.
- The country is digitally capable, with high internet and smart phone penetration.
- Income distribution is more equal than in most Latin American countries, with a broad and deep middle class that enables more consumer buying power
- Argentina’s infrastructure requires major updating and renewal, providing significant opportunity for exporters of equipment and services for roads, ports, railroads, telecommunications, water and sanitation, and electric power, among others.
Argentina Trade Development and Promotion