Market Overview
The mining industry in Argentina has expanded exponentially in the last fifteen years. Nevertheless, there are a significant number of mining projects throughout Argentina that have still not reached their full stage of development. Demand for imported goods is somewhat evenly distributed between large digging, leveling, scraping, excavating, quarrying and earth moving equipment (HS 8430), and equipment for sorting, screening, separating, washing, crushing, and grinding (HS 8474), including healthy volumes of parts and tools (HS 8431 and 8207).
Key Figures
Market Size: Mining Equipment
(In US$ Million)
|
|
2006 |
2007 |
2008 |
|
Total Market Size |
1,020 |
1,038 |
1,046 |
|
Total Local Production |
160 |
163 |
165 |
|
Total Exports |
40 |
45 |
47 |
|
Total Imports |
900 |
920 |
928 |
|
Imports from the U.S. |
270 |
300 |
307 |
Exchange Rate: 1 USD=3.42 Argentine Pesos (based on average exchange rate for December 2008, published by the Department of State)
2008 import Market Share: U.S.: 33%; Brazil: 21%; Japan 18%; China: 10%; S. Korea 8%; Canada: 5%, others 5%
Sources: The above statistics are unofficial estimates, based on Argentine Customs data, NOSIS, and other sources.
Trade Events
In Argentina
| Event: | ArMinera |
| Dates: | April 28-30, 2009 |
| Site: | Buenos Aires, Argentina |
| Organizer: | CAEM and Viewpoint S.A. |
|
Description: |
International Mining Exhibition. Takes place every two years. |
| Event: | SiMinera |
| Dates: | November 11-14, 2009 |
| Site: | San Juan, Argentina |
| Organizer: | Exposium America Latina |
|
Description: |
International Mining Exhibition. Takes place every two years. |
| Event: | Argentina Mining |
| Dates: | August 2010 (TBD) |
| Site: | Mendoza, Argentina |
| Organizers: | Argentina Mining S.A. |
| Description: | International Mining Conference and Exhibition. Takes place every two years. |
In the United States
| Event: | MINExpo International |
| Dates: | September 2012 (TBD) |
| Site: | Las Vegas Convention Center, Las Vegas, Nev |
| Organizers: | National Mining Association (NMA) |
| Description: | International Mining Conference and Exhibition. Takes place every four years. |
Useful Links
Argentina Web Sites
- Secretariat of Mining of the Argentine Republic (Spanish)
- Argentine Geological and Mining Service (SEGEMAR) (Spanish)
- Association of Mining Companies (CAEM) (Spanish)
- Panorama Minero - Trade Publication (Spanish)
U.S. Web Site
Contact Information
Please feel free to contact the U.S. Commercial Service Argentina Specialist for additional information or assistance.
Marcelo Amden
Mining Equipment Industry Specialist
U.S. Commercial Service Argentina
Embassy of the United States of America
Av. Colombia 4300
C1425GMN Buenos Aires, Argentina
Phone: (54-11) 5777-4509
Fax: (54-11) 5777-4203
Email: Marcelo.Amden@mail.doc.gov
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