Top Argentina Imports 2024 Q3: Market Shift

Argentina Import Portfolio Overview in 2024 Q3

• Capital goods dominate: machinery (HS 84, 14.8%, $2.45B) and vehicles (HS 87, 14.6%, $2.42B) lead import volume.
• Moderate concentration risk: top two sectors account for nearly 30% of imports, balanced by energy (HS 27, 8.2%) and agricultural inputs (HS 12, 5.7%).
• Reflects Argentina’s structural dependency on imported industrial and transport equipment, offset by strategic purchases of fuel and fertilizers to sustain primary exports.

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

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

• Dominant product: Parts for tractors and motor vehicles (HS 8708, $966.8M, 39.9% of HS 87).
• Product type: Intermediate goods, specifically components for assembly and maintenance.
• Insight: High import volume in vehicle parts signals reliance on foreign supply chains to support domestic automotive and agricultural machinery sectors, critical for export-oriented agribusiness.

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: Internal combustion piston engines (HS 8408, $181.3M, 7.4% of HS 84).
• Acts as a complement to vehicle parts imports, supplying core powertrain components for local manufacturing and repair.
• Strategic importance: Sustains operational capacity in transport and agriculture, reducing downtime for key export industries.

Table: HS Code 87 Detailed Breakdown

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Import Key Driver: Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles

• Dominant product: Telephone sets, including smartphones (HS 8517, $458.6M, 26.6% of HS 85).
• Role: Stable legacy import driven by consumer demand and business connectivity needs, essential for modernizing services and logistics.
• Indicates persistent dependency on foreign technology despite local industrial base in other sectors.

Table: HS Code 85 Detailed Breakdown

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Frequently Asked Questions

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

The largest import category is Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS 84), valued at $2.45B. This sector is primarily driven by imports of Automatic data processing machines (HS 8471), accounting for $195.23M (7.97%) of the total.

Which specific Nuclear Reactors and Machinery products does Argentina import most in 2024 Q3?

Within the HS 84 sector, the top imports are:

1. Automatic data processing machines (HS 8471) - $195.23M (7.97%)
2. Diesel engines (HS 8408) - $181.32M (7.40%)
3. Valves and similar appliances (HS 8481) - $155.82M (6.36%)

Does Argentina import Vehicles in 2024 Q3?

Yes, Vehicles (HS 87) are the second-largest import sector, valued at $2.42B. The primary driver is Parts and accessories for vehicles (HS 8708), contributing $966.83M (39.94%) of the total.

What are the main industries driving Argentina's economy?

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

1. Machinery (HS 84) - $2.45B (14.77%)
2. Vehicles (HS 87) - $2.42B (14.60%)
3. Electrical machinery (HS 85) - $1.72B (10.39%)

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.