Small and medium-sized companies are the hardest hit by the drop in exports. According to a survey by the consulting firm Abeceb, more than a thousand companies stopped selling both due to external factors and due to the loss of competitiveness.
Due to inflation, the exchange rate delay and subsidies, in the last four years, close to 40 percent of exporting SMEs have lost sales levels or directly stopped selling to the world, according to a report recently released by the consulting firm Abeceb.
Of a total of 9,295 small and medium exporting companies (SMEs) existing in Argentina today, 3,027 resigned their category and 1,176 directly stopped exporting, in the period 2010-2014, which implies a decrease of 40% of the initial total.
Only 5,092 maintained their level, according to the report by the consultant led by economist Dante Sica, while the opposite was true for large exporters.
On the other hand, the opposite was true for large exporters with a positive net variation between the years observed. Among the large companies, one 77% of those verified in 2010 still maintains its exporter category and increased from 1,165 to 1,360 companies.
In 2010, Argentina had a total of 12,048 Business who sold their products abroad and of that total, and according to the exports Average of the last three years, a 13% were micro exporters, a 78% were small and medium exporters (pymex) and a 10% were large.
The same analysis for 2014 reports differences: the segment of large companies grows in number and in participation, reaching 13%. However, both micro and SMEs lose in quantity and participate with an 87% of the total against the 90% of four years earlier.
As the newspaper remembers The chronicler, Argentine exports accumulate 19 consecutive months of decline. Last May the trade surplus fell 72% dragged by a collapse of 26% in exports that could not be offset by the 16% drop in imports, according to official figures from Indec.
The deterioration of the balance of trade it determined that in the first five months of the year, with an interannual drop of 66%, the balance will barely reach u$s 776 million. You have to go back to 2000, when Convertibility was in effect, to find a leaner result.
"The commercial authorities put great efforts in controlling the outflow of foreign currency, this led to postponing the treatment of some important factors that acted as true limitations on export performance," said Mauricio Claverí, coordinator of Foreign Trade and International Negotiations of the consultant.
SOURCE: INFOBAE