Top Argentina Exports 2023 Q2: Market Insights

Argentina Export Portfolio Overview in 2023 Q2

• Agricultural goods dominate: HS 23 (animal feed) and HS 10 (cereals) account for over 21% of total exports.
• High concentration risk: Top three sectors (HS 99, 23, 10) represent 53% of export value, heavily tied to commodity cycles.
• Reinforces Argentina’s role as a global agro-supplier, dependent on harvest yields and international food demand.

Table: Argentina Top Export Product in 2023 Q2 (Source: yTrade)

Get Complete Argentina Export HS Code Breakdown

Key Driver: Residues and Waste from the Food Industries

• HS 2304 (oil-cake and solid residues) drives 91% of the sector’s value, at $1.72B.
• Product type: Intermediate good—processed byproduct of soy and other oilseed crushing.
• Reflects Argentina’s integrated agro-industrial capacity, leveraging massive soybean output and crushing infrastructure for value-added export.

Table: HS Code 23 Detailed Breakdown

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Key Driver: Cereals

• HS 1005 (corn) leads with 79% share, worth $1.48B.
• Acts as a complement to animal feed exports—corn often used in fodder, reinforcing the agro-export cluster.
• Strategically critical: diversifies crop revenue beyond soy, but still exposed to climate and global price volatility.

Table: HS Code 10 Detailed Breakdown

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Key Driver: Vehicles and Parts

• HS 8704 (motor vehicles for goods transport) comprises 63% of sector value, at $997.61M.
• Represents a stable legacy industry with regional export focus, mainly to Latin American markets.
• Provides some counterweight to agro-dependency, though scale remains secondary to primary commodities.

Table: HS Code 87 Detailed Breakdown

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Frequently Asked Questions

What is Argentina's largest export commodity in 2023 Q2?

The largest export category is Residues and waste from the food industries; prepared animal fodder (HS 23), valued at $1.89B. This sector is primarily driven by exports of Soybean meal and pellets (HS 2304), which alone account for 90.90% of the sector's total value.

Which specific Residues and waste from the food industries products does Argentina export most in 2023 Q2?

Within the HS 23 sector, the top exports are Soybean meal and pellets (HS 2304, $1.72B) and Bran, sharps, and other residues from wheat (HS 2302, $56.87M), which together account for 93.90% of the sector's exports.

Does Argentina export Cereals in 2023 Q2?

Yes, Cereals (HS 10) are Argentina’s second-largest export sector, valued at $1.86B. The primary driver is Maize (corn) (HS 1005), which makes up 79.34% of the sector’s total exports.

What are the main industries driving Argentina's economy?

Argentina’s economy is heavily reliant on its top three export sectors:

1. Residues and waste from the food industries (HS 23, $1.89B)
2. Cereals (HS 10, $1.86B)
3. Vehicles (HS 87, $1.57B)
   Together, these three sectors account for 30.29% of Argentina’s total exports in Q2 2023.

How to find Argentina Residues and waste from the food industries suppliers?

You can access a list of active suppliers and exporters for Residues and waste from the food industries (HS 23) using the yTrade database, which provides detailed shipment records and company contacts.