Top Argentina Exports 2023 Q4: Commodity Dominance

Argentina Export Portfolio Overview in 2023 Q4

• Exports dominated by agricultural goods and energy, with cereals (HS 10) and mineral fuels (HS 27) leading.
• High concentration risk: top two sectors (HS 99 and HS 27) account for nearly 50% of total export value.
• Reflects Argentina’s role as a global agricultural and energy supplier, heavily exposed to commodity price cycles.

Table: Argentina Top Export Product in 2023 Q4 (Source: yTrade)

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Key Driver: Unspecified Goods (HS 99)

• Primary product: HS 99 (undefined category) accounts for 38% of exports, value $5.94B.
• Product type unclear due to missing description; likely includes services, non-classified goods, or re-exports.
• Dominance suggests structural opacity or strong informal/niche sectors, possibly linked to financial or logistical services.

Table: HS Code 27 Detailed Breakdown

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Key Driver: Mineral Fuels (HS 27)

• Driven by crude oil (HS 2709), comprising 70% of sector exports ($1.12B).
• Raw material export, highlighting Argentina’s conventional energy reserves and extraction capacity.
• Acts as a counterweight to agriculture, diversifying revenue but still tied to global oil volatility.

Table: HS Code 87 Detailed Breakdown

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Key Driver: Vehicles and Parts (HS 87)

• Top product: trucks and commercial vehicles (HS 8704), worth $982M (71% of sector).
• Finished goods, indicating some level of industrial assembly and export capacity.
• Represents a stable, mid-value export pillar, reducing reliance on pure commodities.

Table: HS Code 10 Detailed Breakdown

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Frequently Asked Questions

What is Argentina's largest export commodity in 2023 Q4?

The largest export category is Mineral fuels, mineral oils, and products of their distillation (HS 27), valued at $1.61B. This sector is primarily driven by exports of Crude petroleum oils (HS 2709), which alone account for $1.12B (69.59%) of the total.

Which specific Mineral fuels products does Argentina export most in 2023 Q4?

Within the Mineral fuels sector, the top exports are Crude petroleum oils (HS 2709, $1.12B), Petroleum gases (HS 2711, $258.53M), and Petroleum oils (HS 2710, $230.49M), which together account for 99.01% of the sector's exports.

Does Argentina export Vehicles in 2023 Q4?

Yes. Vehicles (HS 87) are Argentina’s second-largest export sector, valued at $1.38B, primarily driven by Motor vehicles for goods transport (HS 8704), which alone contributes $981.84M (70.89%).

What are the main industries driving Argentina's economy?

Argentina’s economy is heavily reliant on three key sectors:

1. Mineral fuels (HS 27, $1.61B, 10.31%)
2. Vehicles (HS 87, $1.38B, 8.88%)
3. Cereals (HS 10, $1.10B, 7.08%)

How to find Argentina Mineral fuels suppliers?

You can access a list of active suppliers and exporters for Mineral fuels (HS 27) using the yTrade database, which provides detailed shipment records and company contacts.