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Monitor Report of ARGENTINA trade and ARGENTINA-China binational trade in 202004

 1.  Overview the trade of ARGENTINA in goods current year until 202004

According to Dalian Infobank, in 202004ARGENTINA's exports and imports of goods amounted to 7246.9174 million, and were down 23.79% comparing with the same period of last year. Among these, exports were down 18.89% at 4328.8179 million, and imports were down 30.06% at 2918.0996 million. And the corresponding trade surplus was 1410.7183 million and up 21.10%.

During the current year until 202004, ARGENTINA's total exports and imports of goods were 30362.4733 million and were down 15.29% comparing to the same period of last year. Among these, exports were 17541.0970 million and down 10.08%; imports were 12821.3762 million and down 21.53%. The total trade surplus was 4719.7208 million and up 48.97%.

If considering by country (region), BRAZIL, CHINA, UNITED STATES, CHILE, VIETNAM were ARGENTINA's top five trading partners. During the current year until 202004, ARGENTINA's imports and exports to five countries/territories were 5246.9823 million, 3366.1520 million, 2430.3895 million, 1149.8383 million, 1101.7519 million. These values correspond to 17.28%, 11.09%, 8.00%, 3.79%, 3.63% of ARGENTINA's imports and exports, and, respectively, were down 23.50%, down 14.09%, down 29.36%, down 5.17%, up 8.92% comparing to the same period of last year.

Current year until 202004, ARGENTINA and the top five trade partners BRAZIL, CHINA, UNITED STATES, CHILE, VIETNAM are the top five countries/territories that ARGENTINA exports to in terms of the total export amount. During the current year until 202004, ARGENTINA's exports to these five countries/territories were 2670.1636 million, 1154.3373 million, 1015.6279 million, 1012.8497 million, 882.7517 million. These values correspond to 15.22%, 6.58%, 5.79%, 5.77%, 5.03% of ARGENTINA's exports and, respectively, were down 21.91%, up 6.93%, down 22.55%, down 1.87%, down 1.87% comparing with the same period of last year.

Current year until 202004, ARGENTINA's exports to top five countries/territories BRAZIL, CHINA, UNITED STATES, PARAGUAY, GERMANY are the top five countries/territories that ARGENTINA imports from in terms of the total export amount. During the current year until 202004, ARGENTINA's imports from these five countries/territories were 2576.8187 million, 2211.8147 million, 1414.7616 million, 736.7929 million, 697.5410 million. These values correspond to 20.10%, 17.25%, 11.03%, 5.75%, 5.44% of ARGENTINA's total imports and, respectively, were down 25.09%, down 22.09%, down 33.56%, down 4.66%, down 27.08% comparing with the same period of last year.

During the current year until 202004, the trade surplus of ARGENTINA was mainly from CHILE, VIETNAM, INDONESIA, PERU, INDIA at 875.8611 million, 663.7515 million, 654.0179 million, 520.2698 million, 426.7502 million, and up 2.84%, down 15.74%, up 13.59%, up 29.80%, up 9.76%. And the trade deficits were mainly from CHINA, PARAGUAY, GERMANY, UNITED STATES, BOLIVIA at 1057.4774 million, 490.8541 million, 457.3584 million, 399.1337 million, 199.9572 million, and down 39.89%, up 8.22%, down 30.16%, down 51.20%, up 13.68%.

Current year until 202004, ARGENTINA's trade surplus or deficit with top five countries/territories During the current year until 202004,  commodities with hs2 codes, 10, 99, 87, 84, 23, were ARGENTINA's top five traded commodities. They correspond to the import and export values of 3627.0461 million, 2734.2946 million, 2535.5666 million, 2108.4089 million, 1785.5723 million, which were up 10.55%, down 8.37%, down 33.90%, down 28.63%, down 22.50% comparing with the same period of last year and account for 11.95%, 9.01%, 8.35%, 6.94%, 5.88% of ARGENTINA's total imports and exports.

During the current year until 202004, 10, 99, 23, 15, 87 were ARGENTINA's top five traded commodities, with total import and export values of 3619.2041 million, 2570.0490 million, 1766.7136 million, 1231.0595 million, 1104.4651 million. These values correspond to 20.63%, 14.65%, 10.07%, 7.02%, 6.30% of ARGENTINA's total exports and, respectively, were up 10.57%, down 8.13%, down 22.63%, down 0.88%, down 40.90% comparing to the same period of last year.

During the current year until 202004, 84, 87, 85, 27, 30 were ARGENTINA's top five traded commodities, with total import values of 1860.7473 million, 1431.1015 million, 1422.6674 million, 963.4558 million, 734.0828 million. These values correspond to 14.51%, 11.16%, 11.10%, 7.51%, 5.73% of ARGENTINA's total exports and, respectively, were down 28.06%, down 27.25%, down 31.94%, down 26.96%, down 1.85% comparing to the same period of last year.


2. Current year until 202004, ARGENTINA binational trade profile

According to Dalian Infobank, during the current year until 202004, ARGENTINA-China binational exports and imports of goods amounted to 3366.1520 million and were down 14.09% comparing with the same period of last year. Among these, exports from ARGENTINA to China were 1154.3373 million and up 6.93%, imports from China to ARGENTINA were 2211.8147 million and down 22.09%. The total binational trade deficit was 1057.4774 million and down 39.89%.

During the urrent year until 202004, commodities with hs2 code, 85, 02, 84, 29, 12, were binational trade's top five traded commodities. They correspond to import and export values of 621.0027 million, 560.3452 million, 443.6566 million, 251.3117 million, 242.3305 million and makes up 18.45%, 16.65%, 13.18%, 7.47%, 7.20% of the total binational imports and exports. These values were also down 39.43%, up 25.36%, down 21.58%, up 1.27%, up 125.62% comparing to the same period last year.

During the current year until 202004, 02, 12, 03, 99, 15 were the top five traded commodities exported to China from ARGENTINA, with export values of 560.3452 million, 240.8959 million, 144.7121 million, 62.3422 million, 52.1476 million. These values account for 48.54%, 20.87%, 12.54%, 5.40%, 4.52% of ARGENTINA's total exports and were up 25.36%, up 128.60%, down 20.00%, down 39.84%, down 42.94% comparing to the same period of last year.

During the current year until 202004, 85, 84, 29, 87, 39 were ARGENTINA's top five traded commodities importing from China , with import values of 621.0027 million, 442.3467 million, 248.8284 million, 87.8838 million, 83.7580 million. These values account for 28.08%, 20.00%, 11.25%, 3.97%, 3.79% of ARGENTINA's total imports and were down 39.42%, down 21.67%, up 4.09%, down 8.03%, up 13.20% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: INDEC