Top Argentina Exports 2023: Commodity Dominance

Argentina Export Portfolio Overview in 2023 Whole Year

• The export structure is dominated by two sectors: a broad, unspecified category (HS 99) at 34.8% and Cereals (HS 10) at 11.4%.
• Concentration risk is high, with the top two sectors accounting for nearly half of all exports, leaving the economy exposed to commodity price swings and demand shifts.
• This reinforces Argentina's role as a classic commodity-driven economy, heavily reliant on agricultural output and subject to macroeconomic volatility from external shocks.

Table: Argentina Top Export Product in 2023 (Source: yTrade)

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Key Driver: Unspecified Goods (HS 99)

• The primary driver is an unspecified product group (HS 99), valued at $23.21B.
• Without detailed breakdown, it is impossible to classify as raw material, intermediate, or finished good, but its scale implies either aggregated reporting or a major, singular export stream.
• This dominance likely stems from Argentina's resource endowments or specific trade agreements, though lack of transparency complicates risk assessment and strategic planning.

Table: HS Code 10 Detailed Breakdown

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Key Driver: Cereals (HS 10)

• The sector is driven overwhelmingly by Maize (Corn), HS 1005, which constitutes 74.8% of cereal exports.
• As a raw agricultural commodity, it acts as a complement to the unspecified HS 99 sector, doubling down on Argentina’s agro-export model.
• Strategic importance is high: maize is a key feed and biofuel input globally, locking Argentina into food and energy supply chains but also exposing it to climate and policy risks abroad.

Table: HS Code 87 Detailed Breakdown

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Key Driver: Vehicles (HS 87)

• The sector is led by Motor vehicles for freight transport (HS 8704), making up 67.6% of vehicle exports.
• This represents a shift toward higher-value finished goods, serving as a counterweight to pure commodity dependence.
• Its role is stable but legacy-driven, reflecting historical industrial capacity rather than emerging growth, with exports likely regionally focused rather than globally competitive.

Table: HS Code 27 Detailed Breakdown

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Frequently Asked Questions

What is Argentina's largest export commodity in 2023 Whole Year?

The largest export category is Cereals (HS 10), valued at $7.59B. This sector is primarily driven by exports of Maize (Corn) (HS 1005), which alone accounts for $5.68B (74.78%) of the total cereal exports.

Which specific Cereals products does Argentina export most in 2023 Whole Year?

Within the Cereals sector, the top exports are Maize (Corn) (HS 1005) at $5.68B, Wheat (HS 1001) at $871.79M, and Barley (HS 1003) at $748.87M, which together account for 96.14% of the total cereal exports.

Does Argentina export Vehicles in 2023 Whole Year?

Yes, Vehicles (HS 87) are Argentina’s second-largest export sector, valued at $5.81B. The primary driver is Motor Vehicles for Goods Transport (HS 8704), which contributes $3.92B (67.59%) of the total vehicle exports.

What are the main industries driving Argentina's economy?

Argentina’s economy is moderately concentrated, with the top 3 industries being Cereals (HS 10, $7.59B), Vehicles (HS 87, $5.81B), and Mineral Fuels (HS 27, $5.36B). Together, they account for 27.08% of total exports, indicating a reliance on agriculture and manufacturing.

How to find Argentina Cereals suppliers?

You can access a list of active suppliers and exporters for Cereals (HS 10) using the yTrade database, which provides detailed shipment records and company contacts for verified Argentinian exporters.

Detailed Quarterly Report

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