Argentinian exports of knowledge-based services reached their highest historical level

By Estudio Chaloupka

Knowledge-based service (KBS) industry in Argentina is in its prime, having experienced a decade’s steady growth, driven by the outstanding talent of human resources, a favorable time zone, a good business environment and a high-quality local technological infrastructure.

Architectural plans, legal and accounting consultancy work, software and mobile app development, web design, and film and video game production are just some of the many knowledge-based services that Argentina exports. Argentina is the world’s leading software developer and exporter, with more than 4,200 companies in the sector. Argentina is also a Latin-American referent in the area of agribusiness technology services and it is gaining ground in the FinTech and videogame industry.

All these services comprise almost 10% of total national exports and Argentina is currently the only country in the region that has a trade surplus in the KBS category. In the second quarter of 2022, $ 2,060 million in KBS were exported, 22.6% more than in the same period of 2021 and 19.2% more compared to 2019. It was the quarter with the highest KBS exports in history.

KBS employ medium- and highly skilled personnel and generate knowledge across the economy. KBS create high-quality employment and promote innovation and development. Today’s information and communication technologies (ICTs) mean that these services are easy to export.