Argentine software and IT service exports "to expand 16% in 2014"

Thursday, December 26, 2013

Argentine software and IT services exports are expected to expand 16% in 2014 compared to 2013, local software and IT services chamber Cessi's VP Diego Berardo told BNamericas.

For 2013, the sector's exports are expected to reach US$875mn, an increase of 17% from 2012, Berardo said.

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The country's main markets for software exports are the US, Mexico, Brazil and Chile, the executive said.

Berardo also said that during 2014, exports to Brazil could grow given the potential of that market. Cessi has signed agreements with Brazilian software promotion association Softex and also opened an office in São Paulo to promote local software. Berardo also said that exports to Colombia may expand in 2014. Cessi opened an office in Bogotá this year as part of its internationalization process.

The European market could also experience higher demand for Argentine software exports in 2014 given the economic recovery of certain economies there. Spain is currently the largest market for local exports, according to Berardo.