Argentina - Netherlands Trade 2023 Q2: Surplus Amid Volatility
Key Market Takeaways: Argentina - Netherlands Trade
The bilateral trade relationship between Argentina and Netherlands shows a strong trade surplus for Argentina but with sharp YoY declines in Q2 2023.
- Economic Pulse: Argentina maintains a $290.35M trade surplus (exports $402.22M, imports $111.87M), though both flows contracted severely YoY, signaling volatility.
- Exchange Structure: Argentina - Netherlands trade statistics reveal a resource-for-tech complementarity—Argentina exports raw chemicals (HS 38) and foodstuffs, while importing Dutch energy (HS 27) and machinery (HS 84).
- Strategic Interdependence: The partnership is highly complementary but exposed to commodity volatility, with Argentina reliant on Dutch energy and industrial inputs.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Netherlands Trade Trend in Q2 2023
Argentina Export Performance: Shipments to Netherlands
- Total Volume: $402.22M in Q2 2023.
- Growth Trend & Context:
- Severe YoY contractions: -35.09% (Apr), -70.95% (May), -73.18% (Jun).
- No news context to explain the sharp declines.
- Key Volatility: April saw a 61.71% MoM surge, followed by a -49.46% drop in May.
Argentina Import Performance: Sourcing from Netherlands
- Total Volume: $111.87M in Q2 2023.
- Growth Trend & Context:
- Mixed YoY trends: -16.79% (Apr), +19.77% (May), -77.2% (Jun).
- Key Volatility: May imports spiked 19.77% YoY, but June collapsed -77.2% YoY.
Argentina - Netherlands Trade Balance & Market Dynamics
- Net Position: Trade surplus of $290.35M (Exports $402.22M > Imports $111.87M).
- Relationship Status: Argentina maintains a strong net exporter role, though both trade flows show significant YoY declines.
Argentina Import Trend from Netherlands 2023 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 59.02M | -28.28% | -16.79% |
| May | 28.18M | -52.26% | 19.77% |
| Jun | 24.67M | -12.44% | -77.2% |
| Total | 111.87M | - | - |
Argentina Export Trend to Netherlands 2023 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 206.79M | 61.71% | -35.09% |
| May | 104.51M | -49.46% | -70.95% |
| Jun | 90.92M | -13.01% | -73.18% |
| Total | 402.22M | - | - |
Get Historical Argentina Netherlands Trade Records
Argentina-Netherlands Top Trading Products in Q2 2023
Argentina Export Profile: What Does Argentina Sell to Netherlands
- Top Commodity: HS Code 38 (Miscellaneous chemical products) dominates at 31.99% of exports.
- Demand Driver: Netherlands likely uses these for industrial processing, given the raw/intermediate nature of top exports (HS 38, 12, 99).
- Concentration: The top 3 categories (HS 38, 12, 99) account for 67.22% of exports, indicating high trade concentration.
Argentina Import Profile: What Does Argentina Buy from Netherlands
- Top Commodity: HS Code 27 (Mineral fuels) leads at 33.82% of imports.
- Dependency Nature: Energy security dependency, as mineral fuels (HS 27) and machinery (HS 84) are critical for Argentina’s industrial and energy needs.
Argentina - Netherlands Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Argentina exports raw/intermediate goods (chemicals, oils, foodstuffs) while importing energy and machinery from Netherlands.
- Value Chain Position: Netherlands holds higher value-add, supplying advanced machinery (HS 84) and pharmaceuticals (HS 30), while Argentina’s exports are primarily bulk commodities.
Import Analysis by Product: Netherlands to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 37.83M | 33.82% |
| 84 | 15.17M | 13.56% |
| 30 | 12.02M | 10.75% |
| 21 | 6.94M | 6.20% |
| 31 | 5.95M | 5.32% |
| 90 | 5.92M | 5.29% |
| 35 | 2.95M | 2.64% |
| 39 | 2.75M | 2.45% |
| 85 | 2.27M | 2.03% |
| 29 | 2.18M | 1.95% |
Export Analysis by Product: Argentina to Netherlands (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 38 | 128.69M | 31.99% |
| 12 | 86.15M | 21.42% |
| 99 | 55.55M | 13.81% |
| 02 | 45.38M | 11.28% |
| 23 | 33.93M | 8.44% |
| 27 | 16.98M | 4.22% |
| 08 | 9.88M | 2.46% |
| 20 | 7.71M | 1.92% |
| 29 | 7.43M | 1.85% |
| 22 | 4.00M | 0.99% |
Check Detailed Argentina-Netherlands Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Argentina’s trade surplus with the Netherlands is expected to persist, but the sharp YoY declines in both exports and imports signal near-term volatility. The Netherlands’ demand for Argentine raw materials (HS 38, 12, 99) remains structurally strong, but exporters must brace for price sensitivity and potential supply chain disruptions. Meanwhile, Argentina’s reliance on Dutch energy (HS 27) and machinery (HS 84) imports will likely deepen, given domestic industrial needs. Traders should anticipate a period of consolidation in Q3 2023, with recovery contingent on stabilizing global commodity markets.
Strategic Moves
- Lock in Long-Term Contracts: Argentine exporters of chemicals (HS 38) and oils (HS 12) should secure multi-year agreements with Dutch buyers to mitigate price swings and ensure stable revenue streams.
- Diversify Energy Suppliers: Argentine importers must reduce dependency on Dutch mineral fuels (HS 27) by exploring alternative suppliers in the Middle East or North America to hedge against supply shocks.
- Upgrade Logistics for High-Value Imports: Dutch machinery (HS 84) and pharmaceutical (HS 30) exporters should partner with Argentine logistics firms to streamline customs clearance and reduce lead times, capitalizing on Argentina’s growing industrial demand.
Frequently Asked Questions
How did Argentina - Netherlands trade perform in 2023 Q2?
Argentina recorded a trade surplus of $290.35M, with exports totaling $402.22M and imports at $111.87M. Both exports and imports showed significant YoY declines.
What are the top exports from Argentina to Netherlands?
The top exports are Miscellaneous chemical products (HS 38), accounting for 31.99% of exports, followed by other raw/intermediate goods like oils and foodstuffs.
What does Argentina import from Netherlands?
Argentina primarily imports Mineral fuels (HS 27) at 33.82% of imports, along with machinery (HS 84) and pharmaceuticals (HS 30).
What is the trade balance between Argentina and Netherlands?
Argentina maintains a trade surplus of $290.35M, though both trade flows experienced sharp YoY contractions in Q2 2023.
Argentina - Netherlands Trade 2023 Q1: Surplus Amid Export Slump
Argentina's trade surplus with the Netherlands hit $134.98M in Q1 2023, but exports plunged 64.53% YoY. Explore Argentina Netherlands trade trends and top trading products like oilseeds and machinery via yTrade data.
Argentina - Netherlands Trade 2023 Q3: Surplus & Swings
Argentina's trade surplus with the Netherlands hit $221.52M in Q3 2023, fueled by oilseeds and crude oil exports. Explore Argentina Netherlands trade trends and top trading products via yTrade data.
