Great Opportunities for U.S. Exporters in Argentina

Argentina has passed through a severe economic crisis in 2001-2002, but in 2007 its gross domestic product (GDP) has grown to an estimated $225 billion. Imports of consumer goods reached $5.147 billions. Imports have grown 20% between 2006 and 2007 because of the high costs for local production. In 2007, total imports in Argentina reached 31% of the total amount of imports, 12% less than in 2006 and 3% less than in 2005.

US products enjoy great appeal in the Argentine market. As the Argentines are seeing their purchasing power grow, and as Argentine companies are becoming more profitable, the country is getting more and more interested in foreign products. Argentine imports of consumer goods are expected to rise 30% in 2009.

“Customers that purchase imported products are those from the middle and upper socioeconomic classes that look for more sophisticated products that are already ingredients of their consumer habits. But apart from this group, there are customers with weaker purchasing power that occasionally allow themselves to splurge by buying an imported product”, said Cencosud, owner of the supermarket chains “Disco and Jumbo”, which registered, in the first three months of 2008, increased sales of imported goods.

In 2003, Argentina abolished import duties for capital goods from non-MERCOSUR countries, such as the United States. This measure has been renewed every year since 2006 and will remain in effect until at least December 31, 2008.

U.S. exporters have significant opportunities in the following sectors: equipment and parts, packaging equipment and parts, mining machinery and equipment, telecommunication equipment, medical equipment and supplies, information technology, electrical power systems, agricultural machinery.

Even though most imported items come from Asia, United States exports 10% of its goods and services among a few other countries. Argentine companies import many products from the U.S. because they believe these are quality products, durable and high technology. American companies export mostly watches and cotton. Argentine experts say that U.S. firms should try to be more competitive when it comes to export prices so that they can improve their market share.

Argentine businesses catering to the consumer market are interested in products like house appliances, beach accessories, USB ports, keyboards, pen drives, digital photo frames, or even MP3/MP4 devices. Textiles are still an important part of the imports: caps, jackets, polo shirts.

Over the next two years, experts estimate that the Argentine market will show growing demand for products like desk kits and writing instruments, IT products like portable drives, MP3/MP4 devices and notebook sets, and leisure time products, such as wine sets, watches, bags, barbecue sets.

When it comes to packaging equipment, United States is the fourth largest exporter to Argentina, having recently overtaken France. More than $5 billion worth of packaging equipment has been shipped to Argentina in 2007. Demand for such equipment is expected to continue to grow.

Other opportunities for American exporters of packaging equipment interested in the Argentine market are: pouches, blister wraps, vacuum packing, machinery parts like jars, tubes, bags, boxes etc. Even though packing machinery constitutes a niche sector of great promise for U.S. exports, it seems American companies are feeling the heat from their competitors in Italy and Germany, as well as France and Spain.

(c) 2008 Export-USA.com. All rights reserved.

Rate Article

Related Videos
Play Video How to Start Business During Economic Crises	Play Video Tom Clancy's Rainbow Six: Vegas 2 - Import/Export Terroist Hunt	Play Video Exporting Audio in Propellerheads Record	Play Video Gmail for Beginners - #2 - Adding and Importing Contacts	Play Video 3DS Max 9 - Importing Poser Models to 3DS Max P.3

Listed below are more articles related to the above article from the "International Trade" article category.

People interested in the above article "Great Opportunities for U.S. Exporters in Argentina" are also interested in the related articles listed below:

 

January’s Inflation Rate Slows to 1 Percent

China’s Statistics Bureau announced that inflation rate for January slowed to 1 percent, the slowest pace in more than two years while producer prices dropped by 3.3 percent. Last year, China’s CPI for December increased by 1.2 percent. The slowing inflation rate gives policymakers more reason to implement interest-rate cuts to revive domestic demand and exports.

International Trade - How to Acquire Leads

There are many different types of International trade businesses. For example, you may be an importer of wood furniture or rattan furniture. Or you may be an exporter of similar products. The main goal is to connect the importer and the exporter, so that business transactions can start taking place. That is the gist of International trade.

Market Research for Hong Kong

The United States is one of the largest trading partners of Hong Kong with almost 1,100 American firms actively involved in this market. Hong Kong is also a key-location for exporters who wish to enter the Chinese market. American companies are a major supplier of access control equipment and systems on the Hong Kong market due to their reliability. U.S. engineers, gaming equipment suppliers, architects, show organizers, and building products suppliers have exciting opportunities in Hong Kong since many casino-hotels are extended and the gaming tourism is expected to grow in the next years.

Doing Business in Bolivia

Bolivia is one of the poorest country in South America. The leading sectors for American exporters and investors remain the textiles, hydrocarbons, forestry and wood products, and mining. In the case of hydrocarbons, the best sales prospects include liquefied natural gas (LNG), gas-to-liquids (GTL) where the demand is up to 100.000 bpd plants for export, petrochemicals, and fertilizers. Gas-related machinery, production techniques, and equipments are also in demand.

Excellent Export Prospects in the French Market

France has one of the largest economies in the world. It is also one of the most important trading partners of the U.S. In 2005, France has imported goods and services valued at $50.6 billion. In 2007, U.S. exports of goods and services to France reached $99 billion, equal to 6.1 per cent of the total imports in France. The U.S. exports in France have grown constantly.

Focusing on International Business

If you have always been fascinated by world cultures, exotic languages, international travel and foreign customs, you may want to pursue an Associate’s Degree in International Studies. Unlike a Bachelor’s Degree, an Associate’s Degree only requires two years of schooling. What does an Associate’s Degree in International Business entail? Students who choose to enroll in a college training degree program in International Business will participate in intensive courses, focused classes and career preparation training that will prepare them for successful careers.

Macao Exploration Exchange Links East And West

The mining industry in Asia is booming and has even further potential to improve in once-considered remote and too difficult locations. The surge in mining investment, improved communications within and outside Asia, better technology and more interaction with the west, The ASIA Miner links the world to Asia.