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Monitor Report of ARGENTINA trade and ARGENTINA-China binational trade in 202007

 1.  Overview the trade of ARGENTINA in goods current year until 202007

According to Dalian Infobank, in 202007ARGENTINA's exports and imports of goods amounted to 8354.8010 million, and were down 22.36% comparing with the same period of last year. Among these, exports were down 16.27% at 4903.0121 million, and imports were down 29.63% at 3451.7889 million. And the corresponding trade surplus was 1451.2232 million and up 52.69%.

During the current year until 202007, ARGENTINA's total exports and imports of goods were 54982.0965 million and were down 17.57% comparing to the same period of last year. Among these, exports were 32238.8395 million and down 12.02%; imports were 22743.2570 million and down 24.34%. The total trade surplus was 9495.5825 million and up 44.19%.

If considering by country (region), BRAZIL, CHINA, UNITED STATES, VIETNAM, INDIA were ARGENTINA's top five trading partners. During the current year until 202007, ARGENTINA's imports and exports to five countries/territories were 8442.7882 million, 7620.6198 million, 4373.7989 million, 2191.5977 million, 1939.5957 million. These values correspond to 15.36%, 13.86%, 7.95%, 3.99%, 3.53% of ARGENTINA's imports and exports, and, respectively, were down 30.82%, down 7.71%, down 31.60%, up 4.64%, up 10.83% comparing to the same period of last year.

Current year until 202007, ARGENTINA and the top five trade partners BRAZIL, CHINA, UNITED STATES, VIETNAM, CHILE are the top five countries/territories that ARGENTINA exports to in terms of the total export amount. During the current year until 202007, ARGENTINA's exports to these five countries/territories were 4063.6616 million, 3312.7055 million, 1893.7000 million, 1814.2634 million, 1636.1276 million. These values correspond to 12.60%, 10.28%, 5.87%, 5.63%, 5.08% of ARGENTINA's exports and, respectively, were down 32.24%, up 15.36%, down 21.84%, up 1.87%, down 8.55% comparing with the same period of last year.

Current year until 202007, 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 202007, ARGENTINA's imports from these five countries/territories were 4379.1266 million, 4307.9143 million, 2480.0989 million, 1401.6235 million, 1153.8692 million. These values correspond to 19.25%, 18.94%, 10.90%, 6.16%, 5.07% of ARGENTINA's total imports and, respectively, were down 29.45%, down 20.02%, down 37.56%, up 8.62%, down 31.39% comparing with the same period of last year.

During the current year until 202007, the trade surplus of ARGENTINA was mainly from VIETNAM, CHILE, INDIA, EGYPT, INDONESIA at 1436.9291 million, 1379.4606 million, 1012.8797 million, 919.3971 million, 799.5518 million, and down 2.07%, down 5.51%, up 21.70%, up 25.54%, up 3.10%. And the trade deficits were mainly from CHINA, PARAGUAY, GERMANY, UNITED STATES, BOLIVIA at 995.2088 million, 947.2744 million, 735.4665 million, 586.3989 million, 360.1334 million, and down 60.42%, up 32.01%, down 33.23%, down 62.15%, down 21.72%.

Current year until 202007, ARGENTINA's trade surplus or deficit with top five countries/territories During the current year until 202007,  commodities with hs2 codes, 10, 99, 87, 23, 84, were ARGENTINA's top five traded commodities. They correspond to the import and export values of 5926.8517 million, 4618.0574 million, 3879.9009 million, 3806.3351 million, 3706.7766 million, which were up 7.01%, down 12.05%, down 44.36%, down 18.30%, down 30.47% comparing with the same period of last year and account for 10.78%, 8.40%, 7.06%, 6.92%, 6.74% of ARGENTINA's total imports and exports.

During the current year until 202007, 10, 99, 23, 15, 12 were ARGENTINA's top five traded commodities, with total import and export values of 5915.7496 million, 4353.4906 million, 3768.1101 million, 2510.0810 million, 2402.4609 million. These values correspond to 18.35%, 13.50%, 11.69%, 7.79%, 7.45% of ARGENTINA's total exports and, respectively, were up 7.10%, down 11.46%, down 18.34%, up 3.45%, up 55.38% comparing to the same period of last year.

During the current year until 202007, 84, 85, 87, 27, 29 were ARGENTINA's top five traded commodities, with total import values of 3251.9626 million, 2488.3694 million, 2246.5149 million, 1660.3059 million, 1433.8082 million. These values correspond to 14.30%, 10.94%, 9.88%, 7.30%, 6.30% of ARGENTINA's total exports and, respectively, were down 30.32%, down 36.64%, down 36.11%, down 39.65%, up 7.04% comparing to the same period of last year.


2. Current year until 202007, ARGENTINA binational trade profile

According to Dalian Infobank, during the current year until 202007, ARGENTINA-China binational exports and imports of goods amounted to 7620.6198 million and were down 7.71% comparing with the same period of last year. Among these, exports from ARGENTINA to China were 3312.7055 million and up 15.36%, imports from China to ARGENTINA were 4307.9143 million and down 20.02%. The total binational trade deficit was 995.2088 million and down 60.42%.

During the urrent year until 202007, commodities with hs2 code, 12, 85, 02, 84, 29, were binational trade's top five traded commodities. They correspond to import and export values of 1481.8859 million, 1135.7719 million, 1091.3736 million, 872.0802 million, 585.9649 million and makes up 19.45%, 14.90%, 14.32%, 11.44%, 7.69% of the total binational imports and exports. These values were also up 38.84%, down 41.42%, up 10.97%, down 17.69%, up 16.77% comparing to the same period last year.

During the current year until 202007, 12, 02, 03, 15, 99 were the top five traded commodities exported to China from ARGENTINA, with export values of 1478.5114 million, 1091.3736 million, 267.1780 million, 150.8826 million, 142.2756 million. These values account for 44.63%, 32.95%, 8.07%, 4.55%, 4.29% of ARGENTINA's total exports and were up 38.94%, up 10.97%, up 15.92%, up 4.81%, down 8.64% comparing to the same period of last year.

During the current year until 202007, 85, 84, 29, 87, 39 were ARGENTINA's top five traded commodities importing from China , with import values of 1135.7719 million, 870.0323 million, 582.5247 million, 152.3067 million, 147.0071 million. These values account for 26.36%, 20.20%, 13.52%, 3.54%, 3.41% of ARGENTINA's total imports and were down 41.38%, down 17.70%, up 18.60%, down 20.74%, up 5.42% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: INDEC