Top Argentina Exports 2024 Q4: Commodity Dominance

Argentina Export Portfolio Overview in 2024 Q4

• Exports remain heavily concentrated in primary commodities, led by a dominant 32% share from an unspecified HS99 category, followed by fats/oils (10%) and cereals (9%).
• Concentration risk is high, with the top three sectors accounting for over 51% of total export value, reinforcing Argentina's role as a global agricultural and resource supplier.
• This structure reflects the economy's deep reliance on raw material exports, with limited diversification into higher-value processed goods or manufacturing.

Table: Argentina Top Export Product in 2024 Q4 (Source: yTrade)

Get Complete Argentina Export HS Code Breakdown

Key Driver: Animal or Vegetable Fats and Oils (HS15)

• The sector is overwhelmingly driven by HS1507 (soybean/sunflower oil), representing 89% of the category's value.
• This is a bulk, intermediate good—primarily crude or refined vegetable oils for further processing or consumption.
• Dominance stems from Argentina's vast soybean production basin, efficient crushing industry, and competitive export infrastructure, locking it into the global oilseed processing chain.

Table: HS Code 15 Detailed Breakdown

Get Complete Argentina Export HS Code Breakdown

Key Driver: Cereals (HS10)

• The category is led by HS1005 (maize/corn), which holds 71% of cereal export value.
• It acts as a direct complement to the oils sector, both deriving from the same agricultural core—soybean meal (HS23) also ranks highly, confirming this integrated agri-export model.
• Strategic as a staple food and feed grain, with Argentina among the world's top maize exporters, providing critical supply to global livestock and biofuel markets.

Table: HS Code 10 Detailed Breakdown

Get Complete Argentina Export HS Code Breakdown

Key Driver: Mineral Fuels (HS27)

• The sector is concentrated in HS2709 (crude petroleum), accounting for 72% of mineral fuel exports.
• This represents a stable, legacy export—crude oil is a pure raw material, with limited local refining depth evident in the data.
• Its role is fiscal: providing foreign exchange and fiscal revenue, but underscoring the economy's broader dependence on unprocessed commodity exports.

Table: HS Code 27 Detailed Breakdown

Access Argentina Complete Export Profile

Frequently Asked Questions

What is Argentina's largest export commodity in 2024 Q4?

The largest export category is Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes (HS 15), valued at $2.05B. This sector is primarily driven by exports of Soya-bean oil and its fractions (HS 1507), which alone account for $1.82B (88.62%).

Which specific Animal or vegetable fats and oils products does Argentina export most in 2024 Q4?

Within the HS 15 sector, the top exports are Soya-bean oil and its fractions (HS 1507, $1.82B) and Sunflower-seed, safflower or cotton-seed oil and fractions (HS 1512, $152.53M), which together account for 96.05% of the sector's total exports.

Does Argentina export Cereals in 2024 Q4?

Yes, Cereals (HS 10) are the second-largest export sector, valued at $1.88B. The primary driver is Maize (corn) (HS 1005), which contributes $1.35B (71.48%) of the total Cereals exports.

What are the main industries driving Argentina's economy?

Argentina's export economy is heavily reliant on three key industries:

1. Fats and oils (HS 15, $2.05B, 9.96%)
2. Cereals (HS 10, $1.88B, 9.14%)
3. Mineral fuels (HS 27, $1.84B, 8.94%)
   These sectors account for 28.04% of total exports, indicating a concentrated economic structure.

How to find Argentina Animal or vegetable fats and oils suppliers?

You can access a list of active suppliers and exporters for HS 15 using the yTrade database, which provides detailed shipment records and company contacts for Soya-bean oil (HS 1507) and other related products.