Argentina - Netherlands Trade 2023 Q3: Surplus & Swings

Key Market Takeaways: Argentina - Netherlands Trade

The bilateral trade relationship between Argentina and Netherlands shows growth with high volatility in Q3 2023.

• Argentina holds a $221.52M trade surplus, with exports ($447.75M) nearly doubling imports ($226.23M), though both sides saw sharp month-to-month swings.
• Argentina - Netherlands trade statistics reveal a resource-for-tech exchange: Argentina supplies oilseeds, crude oil, and industrial chemicals, while the Netherlands dominates with refined fuels (63.44% of imports) and machinery.
• Complementary but asymmetric: Argentina feeds Dutch industrial processing with raw materials, while the Netherlands captures higher value-add in energy and manufacturing.

This bilateral trade snapshot is based on verified customs data from the yTrade database.

Argentina-Netherlands Trade Trend in Q3 2023

Argentina Export Performance: Shipments to Netherlands

• Total Volume: $447.75M in Q3 2023.
• Growth Trend & Context: Mixed YoY performance—July (-16.95%) and August (-16.67%) saw declines, but September rebounded (+4.95%). No news to contextualize trends.
• Key Volatility: July had the highest MoM surge (+69.49%), while September dropped sharply (-16.8% MoM).

Argentina Import Performance: Sourcing from Netherlands

• Total Volume: $226.23M in Q3 2023.
• Growth Trend & Context: Extreme YoY growth in July (+173.63%) flattened to near-stagnation by September (+0.43%). No news to explain fluctuations.
• Key Volatility: July imports spiked 169.09% MoM, followed by a -20.37% drop in August and a 102.33% rebound in September.

Argentina - Netherlands Trade Balance & Market Dynamics

• Net Position: Argentina holds a trade surplus of $221.52M (Exports $447.75M vs. Imports $226.23M).
• Relationship Status: Strong net exporter role, with exports nearly doubling imports. Volatility in imports suggests uneven demand or supply chain adjustments.

Argentina Import Trend from Netherlands 2023 Q3 (Source: yTrade)**

Argentina Export Trend to Netherlands 2023 Q3 (Source: yTrade)**

Get Historical Argentina Netherlands Trade Records

Argentina-Netherlands Top Trading Products in Q3 2023

Argentina Export Profile: What Does Argentina Sell to Netherlands

• Top Commodity: HS Code 99 (24.77% share). Likely unclassified or special category goods.
• Demand Driver: Exports are dominated by raw materials (HS 12: oilseeds, HS 38: industrial chemicals, HS 27: crude oil). Netherlands uses these for industrial processing.
• Concentration: No single category exceeds 50%, but the top 3 exports (HS 99, 12, 38) account for 59.65% of total exports, indicating moderate concentration.

Argentina Import Profile: What Does Argentina Buy from Netherlands

• Top Commodity: HS Code 27 (63.44% share). Primarily mineral fuels (crude oil, refined products).
• Dependency Nature: Energy security dependency, as Netherlands supplies critical fuel products.

Argentina - Netherlands Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity. Argentina exports raw materials (oilseeds, chemicals, crude oil) and imports refined fuels and machinery (HS 84, 85).
• Value Chain Position: Netherlands holds the higher value-add position, supplying processed energy and machinery, while Argentina provides upstream commodities.

Import Analysis by Product: Netherlands to Argentina (Source: yTrade)

Export Analysis by Product: Argentina to Netherlands (Source: yTrade)

Check Detailed Argentina-Netherlands Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

Argentina’s trade surplus with the Netherlands is expected to hold steady in Q4 2023, supported by resilient demand for raw materials like oilseeds and crude oil. However, import volatility—particularly in refined fuels—suggests potential supply chain disruptions or shifting Dutch energy exports. If Argentina maintains its current export rebound while Dutch fuel shipments stabilize, bilateral trade could grow modestly in early 2024. Traders should monitor energy policy shifts in the Netherlands, as these could alter import costs for Argentina.

Strategic Moves

• Lock in Commodity Prices: Argentine exporters of HS 12 (oilseeds) and HS 27 (crude oil) should secure forward contracts to capitalize on steady Dutch demand and mitigate price swings.
• Diversify Fuel Suppliers: Given the Netherlands’ erratic fuel exports (HS 27), Argentine importers must scout alternative suppliers in the Middle East or the U.S. to reduce dependency.
• Invest in Logistics for High-Value Imports: For Dutch machinery (HS 84/85), Argentine buyers should streamline customs clearance and warehousing to offset delays from import volatility.

Frequently Asked Questions

How did Argentina - Netherlands trade perform in 2023 Q3?

Argentina exported $447.75M and imported $226.23M, with mixed YoY growth—exports rebounded in September (+4.95%) after declines, while imports showed extreme volatility.

What are the top exports from Argentina to Netherlands?

Top exports include unclassified/special category goods (HS 99), oilseeds (HS 12), industrial chemicals (HS 38), and crude oil (HS 27), accounting for 59.65% of total exports.

What does Argentina import from Netherlands?

Primary imports are mineral fuels (HS 27, 63.44% share), likely crude oil and refined products, alongside machinery (HS 84, 85), reflecting energy and tech dependency.

What is the trade balance between Argentina and Netherlands?

Argentina holds a $221.52M trade surplus, with exports nearly doubling imports. Volatility in imports suggests uneven demand or supply chain adjustments.