Argentina - Netherlands Trade 2023 Q4: Sharp Decline
Key Market Takeaways: Argentina - Netherlands Trade
The bilateral trade relationship between Argentina and Netherlands cooled sharply in Q4 2023, with both exports and imports declining YoY.
- Economic Pulse: Argentina held a $209.79M trade surplus (Exports: $343.77M; Imports: $133.98M), but both flows contracted severely, signaling weakening demand.
- Exchange Structure: Argentina - Netherlands trade statistics reveal a resource-for-tech complementarity—Argentina supplies raw materials (HS 12, 02, 27) while importing high-value energy products (HS 27) and machinery (HS 84, 90).
- Strategic Interdependence: The Netherlands maintains a higher value-add position, refining Argentina’s commodities into finished goods, though bilateral trade volumes are shrinking.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Netherlands Trade Trend in Q4 2023
Argentina Export Performance: Shipments to Netherlands
- Total Volume: $343.77M in Q4 2023.
- Growth Trend & Context: YoY declines persisted across all months, with December’s -63.31% being the sharpest. No policy shifts or disruptions were reported to explain the slump.
- Key Volatility: December saw a -38.04% MoM drop, the quarter’s steepest monthly contraction.
Argentina Import Performance: Sourcing from Netherlands
- Total Volume: $133.98M in Q4 2023.
- Growth Trend & Context: YoY imports fell consistently, with October’s -61.64% marking the lowest point. No external factors were cited to contextualize the decline.
- Key Volatility: December imports halved MoM (-53.43%), signaling severe quarter-end weakness.
Argentina - Netherlands Trade Balance & Market Dynamics
- Net Position: Argentina held a $209.79M trade surplus with the Netherlands (Exports: $343.77M; Imports: $133.98M).
- Relationship Status: Dominant exporter role, though both flows contracted sharply YoY, suggesting broader bilateral trade cooling.
Argentina Import Trend from Netherlands 2023 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 53.23M | -50.24% | -61.64% |
| Nov | 55.09M | 3.49% | -22.96% |
| Dec | 25.66M | -53.43% | -27.56% |
| Total | 133.98M | - | - |
Argentina Export Trend to Netherlands 2023 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 130.41M | -2.21% | -61.37% |
| Nov | 131.73M | 1.01% | -69.06% |
| Dec | 81.63M | -38.04% | -63.31% |
| Total | 343.77M | - | - |
Get Historical Argentina Netherlands Trade Records
Argentina-Netherlands Top Trading Products in Q4 2023
Argentina Export Profile: What Does Argentina Sell to Netherlands
- Top Commodity: HS Code 99 (Unspecified goods) dominates at 39.67% of total exports.
- Demand Driver: Netherlands likely imports these for industrial processing or re-export, given the high share of raw materials (HS 27, 12, 02) in the mix.
- Concentration: The top 3 exports (HS 99, 27, 12) account for 80.8% of total exports, indicating heavy reliance on a few categories.
Argentina Import Profile: What Does Argentina Buy from Netherlands
- Top Commodity: HS Code 27 (Mineral fuels, oils) leads with 40.22% of imports.
- Dependency Nature: Energy security dependency, as mineral fuels are critical for Argentina’s industrial and transportation sectors.
Argentina - Netherlands Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Argentina exports raw materials (HS 12, 02, 27) and imports high-value energy products (HS 27) and machinery (HS 84, 90).
- Value Chain Position: Netherlands holds the higher value-add position, supplying refined fuels and machinery, while Argentina provides agricultural and mineral commodities.
Import Analysis by Product: Netherlands to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 53.89M | 40.22% |
| 30 | 16.76M | 12.51% |
| 38 | 14.29M | 10.67% |
| 84 | 9.82M | 7.33% |
| 90 | 7.36M | 5.49% |
| 31 | 5.73M | 4.28% |
| 21 | 5.69M | 4.25% |
| 39 | 3.38M | 2.52% |
| 29 | 1.98M | 1.48% |
| 35 | 1.43M | 1.07% |
Export Analysis by Product: Argentina to Netherlands (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 99 | 136.37M | 39.67% |
| 27 | 71.67M | 20.85% |
| 12 | 69.71M | 20.28% |
| 02 | 32.57M | 9.47% |
| 20 | 9.11M | 2.65% |
| 23 | 5.71M | 1.66% |
| 22 | 5.40M | 1.57% |
| 38 | 3.91M | 1.14% |
| 15 | 3.24M | 0.94% |
| 29 | 2.61M | 0.76% |
Check Detailed Argentina-Netherlands Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Argentina-Netherlands trade relationship faces near-term headwinds, with both exports and imports likely to remain under pressure in Q1 2024. The persistent YoY declines, particularly in Argentina’s key commodity exports (HS 99, 27, 12), suggest weakening demand or competitive shifts in the Netherlands’ supply chain. However, Argentina’s trade surplus—driven by raw material dominance—provides a buffer, assuming no further deterioration in global commodity prices. Traders should prepare for volatility, especially in energy-linked flows (HS 27), given Argentina’s reliance on Dutch mineral fuels.
Strategic Moves
- Diversify Export Markets: Argentine exporters must reduce dependence on the Netherlands by targeting emerging EU buyers for agricultural and mineral commodities, mitigating concentration risk.
- Lock in Energy Contracts: Importers should negotiate long-term supply agreements for Dutch mineral fuels (HS 27) to stabilize costs amid potential price swings and geopolitical uncertainties.
- Upgrade Trade Infrastructure: Invest in port efficiency and customs digitization to streamline Argentina’s raw material exports, countering logistical bottlenecks that could exacerbate the current slump.
Frequently Asked Questions
How did Argentina - Netherlands trade perform in 2023 Q4?
Argentina's exports to the Netherlands totaled $343.77M, while imports were $133.98M, both showing significant YoY declines.
What are the top exports from Argentina to Netherlands?
The top exports are HS Code 99 (Unspecified goods), HS 27 (Mineral fuels, oils), and HS 12 (Oil seeds), accounting for 80.8% of total exports.
What does Argentina import from Netherlands?
Argentina primarily imports HS Code 27 (Mineral fuels, oils) from the Netherlands, making up 40.22% of total imports.
What is the trade balance between Argentina and Netherlands?
Argentina held a $209.79M trade surplus with the Netherlands in Q4 2023, though both exports and imports contracted sharply YoY.
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.
Argentina - Netherlands Trade 2024 Whole Year: $1.32B Surplus
Argentina's trade with the Netherlands in 2024 shows a $1.32B surplus, driven by oilseeds and machinery. Explore Argentina Netherlands trade trends and top trading products on yTrade.
