Argentina's fruits exports up by 8% in 2023

 

Argentina's fruits exports up by 8% in 2023

Farming is the main activity of Argentina. In 2023, Argentina witnessed good yield. Same pattern follows for 2024 as well. According to Argentina import export data reports, there was a 62% rise in the agricultural exports from Argentina in february. It was estimated to be $1.5 billion during February 2024. 

Among the key contributors were oilseeds, wheat, soybean meal and corn. Also, Argentina was the third biggest exporter of corn and a prominent supplier of wheat. According to Argentina export data, the country's total agricultural exports stood at $5.7 billion during fiscal year 2023. The key agricultural exports from Argentina include maize, soybean meal, wheat, barley, meat and fresh grapes.


Argentina’s fruits exports rose by 8% in 2023. Last year, Argentina’s fruits exports were recorded to be $867 million this year compared to $642 million in 2022. Argentina’s major fruits export items were apples, citrus fruits, grapes, apricots, dates, nuts and melons. The United States and Brazil were the biggest markets for Argentina's fruits exports with 22% and 20% market share respectively. 


Other fastest growing markets for Argentina's fruits exports were Russia, Spain, Netherlands and Italy. Ledesma Sociedad Anonima and SA Veracrus were the fastest growing fruit export companies from Argentina last year. Apples, pears and quince were the most exported fruits items by Argentina in 2023 with over $271 million worth of exports. 


Citrus fruits were the second most exported fruits of Argentina with exports worth around $209 million during last year. Grapes were other prominent fruits export items from Argentina with worth around $43 million last year. Whereas per Argentina import data, fruit imports amounted to $226 million in fiscal year 2023. The country's key imports were bananas, dates, coconuts, grapes, melons, and citrus fruits. Ecuador was the leading market for Argentina's fruits exports followed by Chile, Brazil, Bolivia, and Paraguay.


In 2023, Argentina's soybean meal exports were $9.1 billion. As compared to $13.36 billion in 2022, there was a significant decline in the Argentine soybean meal exports. During June 2023, the highest amount of soybean meal exports were recorded, which was $1.5 billion. In terms of import share, Vietnam (12%), Indonesia (10%), Poland (6.15%), Spain (5.63%) and Malaysia (5.63%). Aceitera General Deheza and Oleaginosa Moreno were the leading Argentina soybean meal export companies with maximum shipments last year. 


In terms of corn exports, Argentina's exports declined by $1 billion in 2023 as compared to FY 2022. In FY 2022, Argentina exported over $9.1 billion worth of corn whereas in 2023, it was $8.1 billion. Vietnam was the top importer of corn from Argentina with imports worth over $962 million. Among the fastest growing markets for Argentinian corn were Peru ($876 Million), South Korea ($767 Million), Algeria ($680 Million) and Malaysia ($673 Million). Bunge Argentina and Union Agricola De Avellaneda were the top corn export companies from Argentina.


Wheat exports also dropped from $4 billion in FY 2022 to $1.04 billion in FY 2023. Argentina customs data shows that 76% of Argentina's wheat exports went to Brazil which is estimated to be $794 million with 76% market share during last year. Also, there were notable shipments to Chile ($50 Million), Peru ($34 Million), Colombia ($27 Million), Dominican Republic ($21 Million) and Indonesia ($20 Million). Mirgor and Amagi were the fastest expanding Argentinian companies with the highest number of wheat export shipments in 2023.


Whereas, Edible meat and groundnuts were other prominent agricultural exports from Argentina with $5.5 Billion and $1.04 Billion during last fiscal year. The Argentinian government is working progressively to gain lost market share. Agribusiness owners from Argentina could enhance their sales by strategizing with global import export data provider reports. It keeps Argentina’s exporters aware of the trending products, price forecasts, risk and potential business opportunities.

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