In the last 12 years, food imports grew four times more than domestic production

The National Chamber of Industries points out that between 2006 and 2018 food imports grew 302%, from 94 million dollars in 2006 to 378 million dollars in 2018, due to the devaluation of neighbouring currencies and the lower value of labour in neighbouring countries, among other factors. The main weaknesses of the food industry are, among others, the increase in labour costs and the high tax burden compared to other countries in South America.

Source: Nueva Economía