Top Argentina Exports 2023 Q1: Commodity Dominance

Argentina Export Portfolio Overview in 2023 Q1

• Exports heavily concentrated in two sectors: a dominant, unspecified HS 99 category (36.85%, $5.86B) and Cereals (12.82%, $2.04B).
• Concentration risk is high, with the top two sectors accounting for nearly 50% of total export value.
• This structure reinforces Argentina's economic identity as a commodity-driven supplier, vulnerable to global price swings in primary goods.

Table: Argentina Top Export Product in 2023 Q1 (Source: yTrade)

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Key Driver: Unspecified HS 99 Category

• The specific 4-digit product driving this sector is unavailable, preventing granular analysis.
• Without a description, the product type (raw, intermediate, or finished) cannot be determined.
• This sector's dominance suggests a large, consolidated export flow, possibly related to government or special trade regimes, rather than a traditional commodity.

Table: HS Code 10 Detailed Breakdown

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Key Driver: Cereals

• The sector is driven by Maize (Corn), HS 1005, constituting 63.13% ($1.29B) of cereal exports.
• This is a raw agricultural commodity, highlighting Argentina's role as a global breadbasket, leveraging its vast fertile plains (Pampas) and efficient agro-industrial capacity.
• It acts as a counterweight to the opaque HS 99 sector, providing a transparent, market-driven pillar, but still ties the economy to volatile agricultural cycles and weather.

Table: HS Code 87 Detailed Breakdown

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Key Driver: Vehicles

• The sector is driven by Motor vehicles for the transport of goods (Trucks), HS 8704, at 71.83% ($847.14M).
• This represents a finished industrial good, indicating a mature automotive manufacturing base, likely integrated into regional supply chains (e.g., Mercosur).
• Its role is that of a stable legacy industry, providing value-added exports and some diversification, though still secondary to primary commodities.

Table: HS Code 27 Detailed Breakdown

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Frequently Asked Questions

What is Argentina's largest export commodity in 2023 Q1?

The largest export category is Cereals (HS 10), valued at $2.04B. This sector is primarily driven by exports of Maize (Corn) (HS 1005), which alone accounts for $1.29B (63.13%) of the total cereal exports.

Which specific Cereals products does Argentina export most in 2023 Q1?

Within the Cereals sector, the top exports are Maize (Corn) (HS 1005) at $1.29B, Barley (HS 1003) at $414.50M, and Wheat (HS 1001) at $256.92M, which together account for 96.08% of the total cereal exports.

Does Argentina export Vehicles in 2023 Q1?

Yes, Vehicles (HS 87) are Argentina’s second-largest export sector, valued at $1.18B. The primary driver is Motor vehicles for goods transport (HS 8704), contributing $847.14M (71.83%) of the total vehicle exports.

What are the main industries driving Argentina's economy?

Argentina’s economy is heavily reliant on its top three industries: Cereals (HS 10, $2.04B), Vehicles (HS 87, $1.18B), and Mineral Fuels (HS 27, $1.16B). Together, these sectors account for 27.56% of total exports, indicating a moderately concentrated export structure.

How to find Argentina Cereals suppliers?

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