Top Argentina Exports 2024 Q2: Commodity Dominance

Argentina Export Portfolio Overview in 2024 Q2

• Dominated by agricultural and energy commodities: "Other" category (HS 99, 29.7%) leads, followed by Cereals (HS 10, 12.0%) and Animal Feed (HS 23, 10.1%).
• High concentration risk: Top 3 sectors account for over 50% of exports, exposing Argentina to global commodity price swings and climate volatility.
• Reinforces Argentina's role as a primary goods exporter, heavily reliant on its agro-industrial base and natural resource endowments.

Table: Argentina Top Export Product in 2024 Q2 (Source: yTrade)

Get Complete Argentina Export HS Code Breakdown

Key Driver: Cereals

• Maize (corn), HS 1005, drives 77.5% of the sector's value at $1.93B.
• Raw material export, primarily bulk shipments for animal feed and industrial processing abroad.
• Dominance stems from Argentina's fertile Pampas region, high-yield GMO adoption, and competitive export taxes structuring.

Table: HS Code 10 Detailed Breakdown

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Key Driver: Residues and waste from the food industries; prepared animal fodder

• Soybean meal and pellets, HS 2304, account for 93.1% of this sector ($1.95B).
• Acts as a direct complement to cereals—processing soybeans (from HS 12) into high-value feed for export.
• Strategically critical: anchors Argentina’s position in global animal protein supply chains, adding value to raw oilseed production.

Table: HS Code 23 Detailed Breakdown

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Key Driver: Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

• Petroleum oils from bituminous minerals (crude), HS 2709, constitutes 70.5% of the sector ($1.24B).
• Stable legacy sector: reflects Vaca Muerta shale production scaling up, reducing historic energy trade deficits.
• Serves as a counterweight to agro-exposure, though still secondary to agriculture in export value and strategic focus.

Table: HS Code 27 Detailed Breakdown

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Frequently Asked Questions

What is Argentina's largest export commodity in 2024 Q2?

The largest export category is Cereals (HS 10), valued at $2.49B. This sector is primarily driven by exports of Maize (Corn) (HS 1005), which alone accounts for 77.49% of the sector's total value.

Which specific Cereals products does Argentina export most in 2024 Q2?

Within the Cereals sector, the top exports are Maize (Corn) (HS 1005) at $1.93B and Wheat (HS 1001) at $289.95M, which together account for 89.15% of the sector's exports.

Does Argentina export Residues and waste from the food industries in 2024 Q2?

Yes. Residues and waste from the food industries (HS 23) is Argentina’s second-largest export sector, valued at $2.09B. The primary driver is Soybean meal (HS 2304), making up 93.05% of the sector’s exports.

What are the main industries driving Argentina's economy?

Argentina’s economy is heavily reliant on agriculture and related industries, with the top three export sectors being Cereals (HS 10) at $2.49B, Residues and waste from the food industries (HS 23) at $2.09B, and Mineral fuels (HS 27) at $1.76B.

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 exporters.