According to a report prepared by an online commerce store, Argentina is the most expensive country in Latin America for this type of purchases.
With what an Argentine woman spends buying a basic wardrobe, a Colombian woman can easily buy two, says this online store.
If a Latin American woman wanted to renew her wardrobe with 31 basic products, she would spend a total of USD $ 1221.63, at an average price of USD $ 38.75 per garment.
The company that did the research is Linio, an online store that operates in Mexico, Colombia, Peru, Venezuela, Ecuador, Panama, Chile, and Argentina.
To carry out his research, he explained, he searched and compared the price of more than 30 e-commerce products in the “Fashion” category, including clothing, footwear, and accessories.
Why Moda ?, because it is one of the favorite categories of users throughout Latin America.
The costs of each of the garments were examined in at least three online stores in each country by popularity, taxes and other associated purchase costs, minus delivery was also accounted for.
The Regional Average Price was calculated according to the Average Price per country of each of the products.
The exchange rate used was indicated by Bloomberg Markets in the week of March 05 to 18, 2018. The index includes 31 products divided into seven categories incorporating clothing, footwear, and accessories.
The total budget to buy a basic wardrobe in the region is just over $ 120 with an average price per pledge of almost $ 40.
The most expensive country to acquire this wardrobe is Argentina, while the most economical, according to its investigation, is Colombia.
Of the 31 products analyzed, 15 have a higher average price in Argentina than in the other countries.
The cheapest garment is the basic sleeveless shirt with an average price of US $ 12.44, the most expensive is the coat with an average price of US $ 156.09.
To buy all the basic wardrobe, an Argentine would spend $ 1789.88 in total, with an average price per pledge of $ 58.84.
The sum of products by category from highest to lowest is: Coats (Us $ 542.72), Shoes (Us $ 302.89), Sweaters (Us $ 283.20), Accessories, (Us $ 245.20), Pants (Us $ 222.87), Shirts and T-shirts (Us $ 129.46) and Others (Us $ 63.55).
An Explosion of Sales From Argentina to Asia in the Next Ten Years
In the next decade, Brazil will continue to be Argentina’s main trading partner, but Asian countries are already positioning themselves, a regional market in which until 2030 the values exported in 2017 will triple. The growth of external sales to the Asian continent will be driven by China, India and Vietnam.
In the short term, the country’s exports will be consolidated in the regional scenario, especially in Brazil, Chile and Uruguay, and the participation of the United States will fall, while prevailing the conviction that a European Union-Mercosur agreement will be beneficial. Brussels stresses that the potential benefits of this agreement could be three times greater than the EU agreements with Japan and with Canada combined.
The projections come from the HSBC Navigator, a report prepared by HSBC, Kantar TNS and Oxford Economics, with forecasts on the world and bilateral trade, including projections of exports and imports of goods and services.
The survey was conducted on a universe of 6033 companies from 23 countries, including Argentina, where 209 large, medium and small companies were consulted. Other countries that were part of the study carried out between December 2017 and January 2018 were Germany, Australia, Bangladesh, Canada, China, Egypt, France, India, Mexico, Poland, Saudi Arabia, the United States, the United Kingdom and Vietnam, among others. .
Argentine companies are among the most optimistic when evaluating the increase in commercial volumes. 84% of the Argentine firms consulted expect an increase in trade, well above the 77% positive responses of the world average, despite the growing protectionism in global trade flows.
In line with that view, the report presented by Juan Marotta, regional director of Corporate Banking at HSBC; Patricia Bindi, director of that segment in Argentina; and Maximiliano Rossi, manager of Foreign Trade-, highlights that “Argentine exports will total the US $ 132.754 million in 2030, against the US $ 58.745 million in 2017”, and clarifies that “it will be an increase of 126%”.
In this sense, exports to the Asian continent will grow 195% between 2017 and 2030, “with the surprise of the demand from India and Vietnam that will increase 274% and 243% respectively”, the document points out. The case of Vietnam is paradigmatic, while in 2010 it imported from Argentina US $ 654 million, it is projected that in 2030 the purchases from our country will reach the US $ 8,906 million.
With the projected growth, Asia in a few years will be in line with the amounts exported to all of Latin America, including Brazil. In this context, “Asia will be the main growth market for exports of Argentine products, since the portion of the total will increase from 25% in 2017 to 32% projected for 2030, surpassing Latin America”, with China, Vietnam and India as main markets. In fact, the Chinese giant will be in 2030 the second largest destination of Argentine exports, behind Brazil, and displacing the United States from the second place it occupies today, to the third.
With this perspective, 56% of Argentine companies consider that there will be an increase in financing needs for foreign trade, as opposed to 62% of the global average. In this context, 66% of respondents expect an increase in trade in services, not just raw materials.
Despite this, fuel raw materials, transport equipment and agricultural products occupy the first four lines of exports expected for twelve years.