Argentina: Record corn and soybean exports

The year 2022 ended with significant export volumes, while international prices continued their upward trend. In this sense, export volumes and prices allowed the year to close with a corn and soybean export value of USD 31.831 billion. Thus, in nominal terms, Argentina's foreign trade of coarse grains set a new record.

Compared to 2021, exports of soybeans, soybean meal, and soybean oil saw a 2.5% growth in value in 2022, with exports of more than USD 22.562 billion. Compared to 2020, this represents a 58% increase.

Corn ended 2022 with more than 35 million tons exported and foreign trade exceeding USD 9.2 billion. In this case, prices also exerted a strong counterbalance to the export reduction in volume. Thus, corn exports grew 2.3% with respect to 2021 and more than 50% compared to 2020.