Top Argentina Exports 2024 Q3: Commodity Dominance

Argentina Export Portfolio Overview in 2024 Q3

• Dominated by agricultural and energy commodities: HS99 (28.66%, $5.99B) and cereals (10.56%, $2.21B).
• High concentration risk: Top 3 sectors account for 48.35% of total exports, heavily reliant on primary goods.
• Reflects Argentina's core economic identity as a global agro-industrial and energy supplier, not a manufacturing hub.

Table: Argentina Top Export Product in 2024 Q3 (Source: yTrade)

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Key Driver: Unspecified Commodities (HS99)

• Primary product unidentified due to missing description, but $5.99B value indicates major export category.
• Likely comprises raw or minimally processed goods, aligning with Argentina's resource-driven export model.
• Dominance stems from natural resource endowments and competitive advantages in bulk commodity production, not technological complexity.

Table: HS Code 10 Detailed Breakdown

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Key Driver: Cereals (HS10)

• Maize (HS1005, $1.81B) drives 81.83% of sector value, a bulk raw agricultural export.
• Complements HS99 by reinforcing Argentina’s role as a top global grain supplier, not diversifying the export base.
• Strategically critical for trade balance and foreign exchange earnings, but exposes economy to commodity price swings.

Table: HS Code 23 Detailed Breakdown

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Key Driver: Animal Feed (HS23)

• Soybean meal (HS2304, $1.73B) constitutes 90.51% of sector, a processed agro-industrial intermediate good.
• Acts as a value-add counterweight to raw cereal exports, leveraging local crushing capacity.
• Stabilizes export earnings through downstream processing, though still tied to volatile agricultural cycles.

Table: HS Code 27 Detailed Breakdown

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Frequently Asked Questions

What is Argentina's largest export commodity in 2024 Q3?

The largest export category is Cereals (HS 10), valued at $2.21B. This sector is primarily driven by exports of Maize (Corn) (HS 1005), which accounts for 81.83% of the total cereal exports.

Which specific Cereals products does Argentina export most in 2024 Q3?

Within the Cereals sector, the top exports are Maize (Corn) (HS 1005) at $1.81B and Wheat (HS 1001) at $195.88M, which together account for 90.71% of the industry's total export value.

Does Argentina export Residues and waste from the food industries in 2024 Q3?

Yes. Residues and waste from the food industries (HS 23) is Argentina’s second-largest export sector, valued at $1.91B. The primary driver is Soybean meal (HS 2304), making up 90.51% of the sector’s exports.

What are the main industries driving Argentina's economy?

Argentina’s economy is heavily reliant on agriculture and energy, with the top three export sectors being Cereals (HS 10, $2.21B), Residues and waste from food industries (HS 23, $1.91B), and Mineral fuels (HS 27, $1.89B).

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.