Top Argentina Exports 2023 Q3: Commodity Dominance

Argentina Export Portfolio Overview in 2023 Q3

• Dominated by a broad "Other" category (HS 99, 33.2%, $5.89B) and Cereals (HS 10, 14.6%, $2.59B).
• High concentration risk: Top two sectors account for nearly half of all exports, exposing the economy to commodity price swings and demand shocks.
• This structure reinforces Argentina's role as a global agricultural and raw material supplier, heavily dependent on primary goods.

Table: Argentina Top Export Product in 2023 Q3 (Source: yTrade)

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Key Driver: Cereals

• Maize (corn), HS 1005, drives the sector with $2.13B (82.4% of cereal exports).
• Product Type: Raw material, primarily used as animal feed and for industrial processing (e.g., ethanol, starch).
• Argentina’s dominance stems from vast fertile plains (Pampas), high-yield farming techniques, and competitive export tariffs aimed at capturing global grain demand.

Table: HS Code 10 Detailed Breakdown

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Key Driver: Vehicles

• Motor vehicles for freight transport (HS 8704, $1.10B, 65.7% of sector) lead this segment.
• Acts as a counterweight to agriculture: represents value-added manufacturing, though reliant on imported components and regional trade flows (e.g., Mercosur).
• Strategic as a job creator and industrial base, but exposed to supply chain disruptions and domestic economic instability.

Table: HS Code 87 Detailed Breakdown

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Key Driver: Mineral Fuels

• Petroleum oils (crude), HS 2709, account for $942.2M (72.2% of fuels).
• Role: Stable legacy sector, tied to domestic oil reserves (Vaca Muerta shale) and export agreements.
• Less dominant than agriculture or manufacturing, but critical for energy trade balance and foreign currency earnings.

Table: HS Code 27 Detailed Breakdown

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Frequently Asked Questions

What is Argentina's largest export commodity in 2023 Q3?

The largest export category is Cereals (HS 10), valued at $2.59B. This sector is primarily driven by exports of Maize (Corn) (HS 1005), which alone accounts for 82.42% of the cereal exports.

Which specific Cereals products does Argentina export most in 2023 Q3?

Within the Cereals sector, the top exports are Maize (Corn) (HS 1005) at $2.13B, followed by Barley (HS 1003) at $175.71M, and Wheat (HS 1001) at $138.32M, which together account for 94.55% of the sector's total exports.

Does Argentina export Vehicles in 2023 Q3?

Yes, Vehicles (HS 87) are Argentina's second-largest export sector, valued at $1.67B. The primary driver is Motor Vehicles for Goods Transport (HS 8704), which makes up 65.71% of the sector's exports.

What are the main industries driving Argentina's economy?

Argentina's economy is heavily reliant on Cereals (HS 10), Vehicles (HS 87), and Mineral Fuels (HS 27), which together account for 31.39% of total exports. The economy shows a moderate concentration in these top three sectors.

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 maize, barley, wheat, and other cereal products.