Argentina, a prominent player in global trade, has a stake in the tapioca starch industry.
In 2021, Argentina exported a modest $62 worth of tapioca starch, positioning itself as the 98th largest exporter of this product globally. Tapioca starch, during the same year, held the 3547th rank among Argentina’s exported goods. Switzerland emerged as the main destination for Argentina’s tapioca starch exports, accounting for the entire export value of $62.
While Argentina’s export figures for tapioca starch may be relatively limited, the potential for growth and diversification of export markets remains. Exploring opportunities to expand exports to other countries can contribute to Argentina’s presence in the global tapioca starch trade.
Argentina’s import of tapioca starch in 2021 amounted to a substantial $3.02 million, positioning the country as the 26th largest importer of tapioca starch worldwide. Tapioca starch itself ranked as the 1623rd most imported product in Argentina during the same year. Argentina primarily imports tapioca starch from Paraguay, accounting for approximately $2.67 million of the total imports. Brazil and the United States are also significant suppliers, with import values of $299k and $49k, respectively.
It is worth noting that Brazil experienced the fastest-growing import market for tapioca starch in Argentina between 2020 and 2021, with an increase of $250k. This highlights the growing demand for Brazilian tapioca starch within Argentina and the strengthening trade relationship between the two countries.
In 2018, Argentina had an average tariff rate of 9.57% for tapioca starch imports. This indicates the customs duties imposed on imported tapioca starch. Among the countries with the highest import tariffs for tapioca starch were Angola, Burundi, Benin, Burkina Faso, and Botswana, all with a Most Favoured Nation duty rate treatment of 10%. These tariff rates have implications for the cost and competitiveness of imported tapioca starch within Argentina.
Understanding the tariff landscape is crucial for both domestic businesses and international trade partners, as it affects the overall trade dynamics and pricing strategies in the tapioca starch market.
Data from BACI