Top Argentina Imports 2024 Q2: Market Insights

Argentina Import Portfolio Overview in 2024 Q2

• Capital goods dominate: machinery (HS 84, 15.3%) and vehicles (HS 87, 12.4%) lead import value.
• High concentration risk: top three sectors (machinery, vehicles, fuels) account for 37.4% of total imports.
• This structure reflects Argentina’s dependency on imported industrial inputs and energy, despite its strong agricultural export base.

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

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

• Dominant product: Parts for engines (HS 8408, $189.7M, 8.6% of sector).
• Product type: Intermediate goods—critical for maintaining and operating industrial and agricultural machinery.
• Insight: High import volume signals reliance on foreign technology and components to sustain domestic production, especially in agriculture and manufacturing.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof

• Dominant product: Parts and accessories (HS 8708, $885.4M, 49.6% of sector).
• Acts as a complement to machinery imports, supplying essential components for transportation and logistics.
• Strategic importance: Supports Argentina’s internal distribution networks and export logistics, vital for moving agricultural goods to ports.

Table: HS Code 87 Detailed Breakdown

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

• Dominant product: Diesel and similar fuels (HS 2710, $639.7M, 45.9% of sector).
• Role: Stable legacy import—energy security remains a persistent challenge despite domestic Vaca Muerta shale potential.
• High diesel demand underpins agricultural and industrial activity, exposing economy to global price volatility.

Table: HS Code 27 Detailed Breakdown

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Frequently Asked Questions

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

The largest import category is Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS 84), valued at $2.20B. This sector is primarily driven by imports of Diesel engines (HS 8408), accounting for 8.61% of the total value.

Which specific Nuclear Reactors and Machinery products does Argentina import most in 2024 Q2?

Within the HS 84 sector, the top imports are Diesel engines (HS 8408, $189.70M), Centrifuges (HS 8421, $152.35M), and Valves (HS 8481, $146.26M), which together account for 21.17% of the sector's total imports.

Does Argentina import Vehicles in 2024 Q2?

Yes. Vehicles (HS 87) are the second-largest import sector, valued at $1.79B, primarily driven by Vehicle parts and accessories (HS 8708, $885.38M), which alone make up 49.59% of the sector.

What are the main industries driving Argentina's economy?

Argentina's imports are heavily reliant on Machinery (HS 84, 15.29%), Vehicles (HS 87, 12.39%), and Mineral Fuels (HS 27, 9.67%), with these three sectors accounting for 37.35% of total imports, indicating a concentrated economic structure.

How to find Argentina Machinery buyers?

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