Argentina - Netherlands Trade 2023 Whole Year: $857M Surplus
Key Market Takeaways: Argentina - Netherlands Trade
The bilateral trade relationship between Argentina and Netherlands showed volatility but maintained a strong surplus for Argentina in 2023.
- Economic Pulse: Argentina held an $857.49M trade surplus ($1.56B exports vs. $702.51M imports), though both flows faced erratic YoY declines.
- Exchange Structure: Argentina - Netherlands trade statistics reveal a resource-for-tech dynamic: Argentina supplies oilseeds (22.07%) and chemicals (14.50%), while importing Dutch refined fuels (55.14%) and machinery (8.53%).
- Strategic Interdependence: The partnership reflects asymmetric complementarity, with Argentina as a raw material exporter and the Netherlands dominating high-value processing.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Netherlands Trade Trend in Whole Year 2023
Argentina Export Performance: Shipments to Netherlands
- Total Volume: $1.56B in 2023.
- Growth Trend & Context:
- YoY declines dominated, with double-digit drops in 11 of 12 months. The sharpest contraction was February (-77.39% YoY).
- July (+69.49% MoM) and April (+61.71% MoM) saw the strongest monthly rebounds, though both remained below prior-year levels.
- Key Volatility: April’s $206.79M was the peak export month, while December ($81.63M) marked the lowest.
Argentina Import Performance: Sourcing from Netherlands
- Total Volume: $702.51M in 2023.
- Growth Trend & Context:
- Mixed YoY performance: 5 months saw growth (peaking at +173.63% YoY in July), while 7 months contracted (worst: June at -77.2% YoY).
- Key Volatility: September ($106.97M) was the highest import month, while December ($25.66M) hit the trough. July’s +169.09% MoM surge was the most volatile swing.
Argentina - Netherlands Trade Balance & Market Dynamics
- Net Position: $857.49M surplus for Argentina (Exports $1.56B > Imports $702.51M).
- Relationship Status: Argentina maintained a strong net exporter role, though both flows showed erratic monthly swings. The surplus was driven by export volumes consistently outpacing imports despite YoY declines in most months.
Argentina Import Trend from Netherlands 2023 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 50.70M | 43.15% | -23.55% |
| Feb | 97.44M | 92.19% | 68.01% |
| Mar | 82.29M | -15.54% | -36.98% |
| Apr | 59.02M | -28.28% | -16.79% |
| May | 28.18M | -52.26% | 19.77% |
| Jun | 24.67M | -12.44% | -77.2% |
| Jul | 66.39M | 169.09% | 173.63% |
| Aug | 52.87M | -20.37% | 1.2% |
| Sep | 106.97M | 102.33% | 0.43% |
| Oct | 53.23M | -50.24% | -61.64% |
| Nov | 55.09M | 3.49% | -22.96% |
| Dec | 25.66M | -53.43% | -27.56% |
| Total | 702.51M | - | - |
Argentina Export Trend to Netherlands 2023 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 142.29M | -36.04% | -57.94% |
| Feb | 95.23M | -33.08% | -77.39% |
| Mar | 127.87M | 34.28% | -57.25% |
| Apr | 206.79M | 61.71% | -35.09% |
| May | 104.51M | -49.46% | -70.95% |
| Jun | 90.92M | -13.01% | -73.18% |
| Jul | 154.10M | 69.49% | -16.95% |
| Aug | 160.29M | 4.02% | -16.67% |
| Sep | 133.36M | -16.8% | 4.95% |
| Oct | 130.41M | -2.21% | -61.37% |
| Nov | 131.73M | 1.01% | -69.06% |
| Dec | 81.63M | -38.04% | -63.31% |
| Total | 1.56B | - | - |
Get Historical Argentina Netherlands Trade Records
Argentina-Netherlands Top Trading Products in Whole Year 2023
Argentina Export Profile: What Does Argentina Sell to Netherlands
- Top Commodity: HS Code 99 (28.62% share). Likely unclassified or special category goods, indicating a niche or bundled export.
- Demand Driver: HS Code 12 (22.07%) suggests oilseeds or grains, pointing to Netherlands' industrial processing needs (e.g., biofuels, animal feed). HS Code 38 (14.50%) includes chemical products, likely intermediates for manufacturing.
- Concentration: No single category dominates (>50%), but the top 3 exports (HS 99, 12, 38) account for 65.19% of total exports, showing moderate concentration.
Argentina Import Profile: What Does Argentina Buy from Netherlands
- Top Commodity: HS Code 27 (55.14% share), primarily mineral fuels (e.g., refined petroleum), reflecting Argentina's energy import dependency.
- Dependency Nature: High reliance on Dutch energy exports (HS 27) and machinery (HS 84, 8.53%), indicating critical technology and energy security ties.
Argentina - Netherlands Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Argentina exports raw materials (oilseeds, chemicals) and imports refined fuels and machinery, a classic asymmetric trade pattern.
- Value Chain Position: Netherlands holds higher value-add, supplying processed energy and advanced machinery, while Argentina provides bulk commodities.
Import Analysis by Product: Netherlands to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 387.33M | 55.14% |
| 84 | 59.90M | 8.53% |
| 30 | 54.22M | 7.72% |
| 38 | 28.25M | 4.02% |
| 90 | 25.19M | 3.59% |
| 21 | 22.75M | 3.24% |
| 31 | 22.14M | 3.15% |
| 39 | 13.21M | 1.88% |
| 35 | 9.14M | 1.30% |
| 85 | 8.93M | 1.27% |
Export Analysis by Product: Argentina to Netherlands (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 99 | 446.21M | 28.62% |
| 12 | 344.16M | 22.07% |
| 38 | 226.00M | 14.50% |
| 02 | 157.67M | 10.11% |
| 27 | 154.27M | 9.89% |
| 23 | 98.85M | 6.34% |
| 20 | 43.98M | 2.82% |
| 08 | 23.19M | 1.49% |
| 22 | 21.01M | 1.35% |
| 29 | 18.32M | 1.18% |
Check Detailed Argentina-Netherlands Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Argentina’s trade surplus with the Netherlands is likely to persist in 2024, but volatility will remain a key challenge. While Dutch demand for Argentine oilseeds (HS 12) and chemical intermediates (HS 38) provides a stable foundation, erratic monthly swings in both exports and imports signal underlying risks—particularly from global commodity price fluctuations and supply chain disruptions. The Netherlands’ dominance in high-value exports (refined fuels, machinery) ensures continued asymmetry, but Argentina must secure more favorable terms to mitigate downside risks. Traders should prepare for a year of cautious growth, with potential upside if commodity prices rebound.
Strategic Moves
- Lock in Long-Term Contracts for Oilseeds: Given the Netherlands’ reliance on Argentine grains and oilseeds for biofuel and feed production, exporters should negotiate multi-year agreements to stabilize revenue amid price volatility.
- Diversify Energy Imports: Argentina’s heavy dependence on Dutch refined fuels (HS 27) exposes it to supply shocks. Importers must explore alternative suppliers or invest in domestic refining capacity to reduce vulnerability.
- Target Niche Manufacturing Inputs: With HS 99 (unclassified/special goods) representing nearly 29% of exports, Argentine firms should clarify these categories and market them as high-value intermediates for Dutch industrial buyers, potentially commanding premium pricing.
Frequently Asked Questions
How did Argentina - Netherlands trade perform in 2023 Whole Year?
Argentina exported $1.56B to the Netherlands and imported $702.51M, with a trade surplus of $857.49M. Exports saw double-digit YoY declines in most months, while imports had mixed YoY performance.
What are the top exports from Argentina to Netherlands?
The top exports were HS Code 99 (unclassified/special goods, 28.62%), HS Code 12 (oilseeds/grains, 22.07%), and HS Code 38 (chemical products, 14.50%), accounting for 65.19% of total exports.
What does Argentina import from Netherlands?
Argentina primarily imports HS Code 27 (mineral fuels, 55.14%) and HS Code 84 (machinery, 8.53%), reflecting energy and technology dependencies.
What is the trade balance between Argentina and Netherlands?
Argentina maintained a $857.49M trade surplus with the Netherlands in 2023, driven by higher export volumes despite erratic monthly swings in both flows.
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