Argentina : Trade Patterns and Challenges Ahead

Argentina : Trade Patterns and Challenges Ahead

Argentinean export growth was impressive during the recent economic boom (2003-2007). However, decomposing export growth reveals that the extensive margin (increases in exports of existing products to existing markets) dominates, while the intensiv...

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Bibliographic Details
Main Authors: Anos-Casero, Paloma, Rollo, Valentina
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
AGGREGATE EXPORTS
AGRICULTURAL PRODUCTS
AGRICULTURE
ALCOHOLIC BEVERAGES
AUTOMOBILE
AUTOMOBILES
AUTOMOTIVE INDUSTRY
BARRIER
BILATERAL AGREEMENT
BILATERAL TRADE
CAPITAL INFLOWS
COMMODITY
COMMODITY PRICES
COMMUNICATION TECHNOLOGY
COMPARATIVE ADVANTAGE
COMPETITIVE ADVANTAGE
COMPETITIVENESS
CONSUMER GOODS
CONSUMERS
CURRENCY
CUSTOMS
CUSTOMS UNION
DEREGULATION
DEVALUATION
DEVELOPING COUNTRIES
DIESEL
DIESEL ENGINES
DOMESTIC DEMAND
DOMESTIC MARKET
DOMESTIC PRICES
ECONOMIC BOOM
ECONOMIC POLICY
ECONOMIES OF SCALE
EXCHANGE RATE FLUCTUATIONS
EXPORT BASKET
EXPORT DIVERSIFICATION
EXPORT DYNAMICS
EXPORT DYNAMISM
EXPORT EARNINGS
EXPORT GROWTH
EXPORT MARKET
EXPORT MARKETS
EXPORT OPPORTUNITIES
EXPORT PRODUCTS
EXPORT RESTRICTIONS
EXPORT TAXES
EXPORT VALUE
EXPORT VOLUMES
EXPORTS
FINANCIAL SERVICES
FISCAL STABILITY
FORECASTS
FOREIGN FIRMS
FOREIGN INVESTMENT
FREE ZONES
FUEL
FUELS
GDP
GDP PER CAPITA
GLOBAL MARKET
GLOBAL MARKETS
GLOBALIZATION
GROSS EXPORTS
GROWTH RATE
GROWTH RATES
GROWTH VOLATILITY
HUMAN CAPITAL
IMPORT PRICES
IMPORT RESTRICTIONS
IMPORT SUBSTITUTION
IMPORT VALUES
IMPORTS
INCOME
INDUSTRIAL PRODUCTION
INDUSTRIAL SECTOR
INFORMATION SERVICES
INPUT-OUTPUT TABLES
INSURANCE
INTERNATIONAL COMPETITION
MACROECONOMIC STABILIZATION
MARKET ACCESS
MARKET ENTRY
MARKET SHARE
MEANS OF TRANSPORT
MIDDLE-INCOME COUNTRIES
MOTOR VEHICLE
MOTOR VEHICLES
NATURAL RESOURCE
NATURAL RESOURCES
NET EXPORTER
NET EXPORTERS
NEW MARKETS
NEW PRODUCTS
NON-TARIFF BARRIERS
OUTPUT
PER CAPITA INCOME
PREFERENTIAL TRADE
PREFERENTIAL TRADE AGREEMENTS
PRODUCTIVITY GROWTH
PROFIT MARGINS
RAILROADS
RAILWAY
RATE OF GROWTH
REAL EXCHANGE RATE
SHARE OF WORLD EXPORTS
TARIFF BARRIERS
TAX
TAX INCENTIVES
TERMS OF TRADE
TIRES
TOURISM
TRADE AGREEMENTS
TRADE BALANCE
TRADE FLOWS
TRADE INTENSITY
TRADE LIBERALIZATION
TRADE PATTERNS
TRADE PERFORMANCE
TRADE POLICY
TRADE POLICY REVIEW
TRADE PRODUCT
TRADE RELATIONS
TRADE RELATIONSHIP
TRADE RELATIONSHIPS
TRADE SURPLUS
TRANSPORTATION
TRANSPORTATION SYSTEMS
UNDERVALUATION
UNSKILLED LABOR
VALUE ADDED
VALUE OF EXPORTS
VEHICLE
VERTICAL SPECIALIZATION
WORLD ECONOMY
WORLD MARKET
WORLD TRADE
WTO
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100226104154
http://hdl.handle.net/10986/3708
Description
Summary:Argentinean export growth was impressive during the recent economic boom (2003-2007). However, decomposing export growth reveals that the extensive margin (increases in exports of existing products to existing markets) dominates, while the intensive margin (increases in exports of new products or new markets) contributes little to export growth. Argentina's trade product concentration has increased in the past 10 years, and the main export products remain overwhelmingly natural-resource intensive. The little diversification of non-primary exports limits the country s ability to weather a decline in export commodity prices. The country has had some success finding new export markets, especially in Latin America, but should seek to develop deeper trade relationships with high GDP export destinations such as the European Union and the United States. Another challenge going forward is the relatively low sophistication of exports and limited integration into the global production chains, falling behind regional competitors such as Brazil. This calls for policy measures to improve the ability of existing firms to innovate and compete successfully in global markets.

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