With US$8 billion annually, the knowledge industry is Argentina's fourth largest export complex. Interest in betting on this area is growing.
The main export complex was soybeans with US$ 13,944 million, followed by automotive and oil-petrochemicals. The knowledge industry provides employment to some 50 million people worldwide, according to the World Intellectual Property Organization. In Argentina, the total number of employees registered in related activities reached 493,700 people during the first quarter of 2023, an increase of 3.5% year-on-year. In terms of software, the key segments of exports, software represents 31.9% of foreign sales of knowledge-based services and 2.7% of total exports. The exchange rate gap does not exist in other countries and taxes are lower in other neighboring countries, that is also the key to growth, sources estimate. The sector awakens potential investment interest. In the new cycle that Argentina started with the change of government, the sector awakes potential investment Interest.