Top Argentina Imports 2023 Q2: Market Shift

Argentina Import Portfolio Overview in 2023 Q2

• Capital goods and energy dominate: machinery (HS 84, 14%) and mineral fuels (HS 27, 13%) lead imports.
• High concentration risk: top 3 sectors (machinery, fuels, oilseeds) account for over 37% of total import value.
• Reflects Argentina’s structural dependency: heavy reliance on imported energy and industrial inputs to sustain agro-export model and manufacturing.

Table: Argentina Top Import Product in 2023 Q2 (Source: yTrade)

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Import Key Driver: Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof

• Dominant product: Automatic data processing machines (HS 8471, $284M, 9.8% of sector).
• Product type: Finished and intermediate capital goods, essential for industrial and technological upgrading.
• Insight: Argentina depends on imported machinery to modernize agriculture, industry, and services—highlighting a persistent gap in domestic high-tech manufacturing capacity.

Table: HS Code 84 Detailed Breakdown

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

• Dominant product: Petroleum gases (HS 2711, $1.26B, 47% of sector).
• Acts as a complement to machinery imports: energy inputs power industrial and transport sectors.
• Strategic importance: Critical for energy security, compensating for domestic production shortfalls and supporting economic activity.

Table: HS Code 27 Detailed Breakdown

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Import Key Driver: Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruit; industrial or medicinal plants; straw and fodder

• Dominant product: Soya beans (HS 1201, $2.30B, 98.7% of sector).
• Role: Stable legacy import—soybean purchases likely support crushing and re-export operations, integral to Argentina’s agro-industrial complex.
• Indicates a dual trade structure: while Argentina is a net agro-exporter, it still imports key commodities for processing and market timing.

Table: HS Code 12 Detailed Breakdown

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Frequently Asked Questions

What is Argentina's largest import commodity in 2023 Q2?

The largest import category is Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS 84), valued at $2.90B. This sector is primarily driven by imports of Automatic data processing machines (HS 8471), which accounted for $284.23M (9.80%) of the total.

Which specific Nuclear Reactors and Machinery products does Argentina import most in 2023 Q2?

Within the HS 84 sector, the top imports are:

1. Automatic data processing machines (HS 8471) - $284.23M (9.80%)
2. Diesel engines (HS 8408) - $212.33M (7.32%)
3. Centrifuges (HS 8421) - $198.35M (6.84%)

Does Argentina import Mineral Fuels and Oils in 2023 Q2?

Yes, Mineral fuels, mineral oils, and related products (HS 27) are the second-largest import category, valued at $2.68B. The primary driver is Petroleum gases (HS 2711), which alone accounted for $1.26B (47.03%) of imports in this sector.

What are the main industries driving Argentina's economy?

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

1. Machinery & Mechanical Appliances (HS 84) - $2.90B (13.99%)
2. Mineral Fuels & Oils (HS 27) - $2.68B (12.92%)
3. Oil Seeds & Oleaginous Fruits (HS 12) - $2.34B (11.27%)

How to find Argentina Machinery & Mechanical Appliances buyers?

You can access a list of active overseas buyers and importers for Machinery & Mechanical Appliances (HS 84) using the yTrade database, which provides detailed shipment records and company contacts.