In a sweeping effort to bolster industrial exports, Argentina has removed export duties on more than 4,000 manufactured products, including cosmetics and personal care items. The policy change, announced by Economy Minister Luis Caputo, is aimed at enhancing the competitiveness of value-added Argentine goods in global markets.
Effective immediately, 4,411 industrial products will no longer be subject to export taxes that previously ranged between 3% and 4.5%. The reform is expected to benefit around 3,580 companies—approximately 40% of Argentina’s exporters.
Among the exempted goods are cosmetics, skincare and personal care formulations, glass packaging, pumps, plastic components, insecticides, and other high-value industrial products. In contrast, export duties will remain in place for sectors such as iron, aluminum, and petrochemicals.
The eliminated tariffs had applied to nearly US$3.8 billion worth of exports in 2024 alone, signaling a potentially significant boost to the country’s manufacturing and export-oriented sectors. The decision follows sustained advocacy from small and medium-sized exporters and was enabled, according to the government, by improved fiscal conditions.
The move is particularly impactful for Argentina’s cosmetics and pharmaceutical sectors. Local manufacturers involved in fragrance, skincare, packaging, and ingredients now face reduced costs in reaching international markets. The tax relief is expected to strengthen Latin America’s position as a regional sourcing hub for global beauty and personal care brands seeking alternative production bases.
Related Topics:
