Argentina - Netherlands Trade 2024 Q3: Surplus & Volatility

Key Market Takeaways: Argentina - Netherlands Trade

The bilateral trade relationship between Argentina and Netherlands reflects Argentina's dominant export role amid volatile Dutch import demand in Q3 2024.

• Economic Pulse: Argentina posted a $471.1M trade surplus, with exports ($552.23M) far outpacing imports ($81.13M). Export growth was erratic (July +51.08%, August -14.6%), while Dutch imports collapsed YoY (down ~65% on average).
• Exchange Structure: Argentina - Netherlands trade statistics reveal a resource-for-tech complementarity—Argentina supplies oilseeds (22.73% of exports) and animal feed, while the Netherlands provides critical fertilizers (19.18% of imports) and industrial machinery.
• Strategic Interdependence: The partnership hinges on Argentina’s primary commodity exports fueling Dutch processing, but shrinking Dutch imports signal potential supply chain recalibration.

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

Argentina-Netherlands Trade Trend in Q3 2024

Argentina Export Performance: Shipments to Netherlands

• Total Volume: $552.23M in Q3 2024.
• Growth Trend & Context:
  • Mixed YoY performance: July (+51.08%) and September (+36.87%) saw strong growth, but August (-14.6%) dragged down the quarter.
  • No specific trade news to explain volatility.
• Key Volatility: July’s MoM surge (+138.51%) was followed by a sharp August drop (-41.2%), indicating erratic demand or pricing shifts.

Argentina Import Performance: Sourcing from Netherlands

• Total Volume: $81.13M in Q3 2024.
• Growth Trend & Context:
  • Severe YoY declines across all months (July: -65.37%, August: -49.08%, September: -70.81%), suggesting a structural pullback in Dutch imports.
• Key Volatility: July’s MoM jump (+27.3%) was the least negative month, but imports remained depressed.

Argentina - Netherlands Trade Balance & Market Dynamics

• Net Position: Argentina holds a trade surplus of $471.1M (Exports: $552.23M > Imports: $81.13M).
• Relationship Status: Dominant exporter role, with Dutch imports shrinking dramatically against Argentina’s export growth. No evidence of rebalancing.

Argentina Import Trend from Netherlands 2024 Q3 (Source: yTrade)**

Argentina Export Trend to Netherlands 2024 Q3 (Source: yTrade)**

Get Historical Argentina Netherlands Trade Records

Argentina-Netherlands Top Trading Products in Q3 2024

Argentina Export Profile: What Does Argentina Sell to Netherlands

• Top Commodity: HS Code 12 (Oilseeds and misc. grains) dominates at 22.73% of exports.
• Demand Driver: Netherlands likely uses these for industrial processing (animal feed, biofuel, or food production).
• Concentration: The top 3 exports (HS 12, 38, 99) account for 58.83% of total exports, indicating moderate concentration.

Argentina Import Profile: What Does Argentina Buy from Netherlands

• Top Commodity: HS Code 31 (Fertilizers) leads at 19.18% of imports.
• Dependency Nature: Critical for Argentina’s agricultural sector, reflecting input dependency for crop production.

Argentina - Netherlands Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity—Argentina exports raw materials (oilseeds, animal feed) and imports high-value inputs (fertilizers, machinery).
• Value Chain Position: Netherlands holds the higher value-add position, supplying advanced industrial goods (HS 84, 90) while Argentina provides primary 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 widen further in Q4 2024, driven by sustained demand for oilseeds (HS 12) and industrial inputs. However, the erratic export growth—marked by sharp monthly swings—suggests pricing or demand volatility, requiring close monitoring. Meanwhile, the structural collapse in Dutch imports (fertilizers, machinery) signals a prolonged downturn, possibly due to Argentina’s domestic substitution efforts or shifting supply chains. Without policy intervention, this imbalance will harden, reinforcing Argentina’s role as a raw material supplier while ceding value-add to Dutch exporters.

Strategic Moves

• Lock in Commodity Prices: Argentine exporters of oilseeds and animal feed should secure forward contracts to mitigate price swings, especially ahead of peak EU biofuel demand seasons.
• Diversify Fertilizer Sources: With Dutch fertilizer imports plummeting, Argentine agribusinesses must scout alternative suppliers (e.g., Morocco, Russia) to reduce dependency on volatile European inputs.
• Push for Higher-Value Exports: Trade bodies should incentivize processed agro-industrial goods (e.g., soybean oil over raw beans) to capture more value from the Netherlands’ downstream processing hubs.

Frequently Asked Questions

How did Argentina - Netherlands trade perform in 2024 Q3?

Argentina exported $552.23M to the Netherlands in Q3 2024, with mixed YoY growth, while imports from the Netherlands fell sharply to $81.13M, resulting in a trade surplus.

What are the top exports from Argentina to Netherlands?

The top exports are oilseeds and misc. grains (HS Code 12), along with other key commodities under HS Codes 38 and 99, accounting for 58.83% of total exports.

What does Argentina import from Netherlands?

Argentina primarily imports fertilizers (HS Code 31) from the Netherlands, which are critical for its agricultural sector, alongside advanced industrial goods like machinery (HS Codes 84, 90).

What is the trade balance between Argentina and Netherlands?

Argentina holds a trade surplus of $471.1M with the Netherlands, driven by strong exports and a significant decline in Dutch imports. The gap remains wide with no signs of rebalancing.