Software, service exports increasingly heading to Latin American markets - Cessi

- Thursday, September 8, 2011

Software, service exports increasingly heading to Latin American markets - Cessi

Argentine software and IT firms are exporting more to Latin American markets compared to previous years, local software chamber Cessi president Fernando Racca told BNamericas.

"We have good diversification in terms of software exports. But Latin American markets are gaining a very significant portion of our total exports," Racca said without providing hard figures.

Argentine software firms are increasingly seeing products going to markets such as Peru, Colombia, Costa Rica and other Central American countries, and Mexico.

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The executive said this boost in exports to Latin American markets is a result of direct trade missions organized by the chamber. Other key markets for local exports are the US and Europe, but exports to Spain have been affected by the crisis in the European country, Racca added.

According to Cessi, the sector will move US$3.1bn this year, representing a 24% increase compared to the previous year. Software and IT services exports are expected to reach US$747mn, climbing 16.5%.

Meanwhile, the overall sector is forecast to employ some 70,000 people this year, up 15.1% compared to 2010, when it added about 7,000. "The generation of qualified human resources is not yet in line with what the sector is demanding," Racca added, with significant requirements for web developers, analysts and developers of mobility applications.