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Monitor Report of ARGENTINA trade and ARGENTINA-China binational trade in 202008

 1.  Overview the trade of ARGENTINA in goods current year until 202008

According to Dalian Infobank, in 202008ARGENTINA's exports and imports of goods amounted to 8446.4347 million, and were down 15.27% comparing with the same period of last year. Among these, exports were down 11.32% at 4937.9891 million, and imports were down 20.26% at 3508.4456 million. And the corresponding trade surplus was 1429.5435 million and up 22.40%.

During the current year until 202008, ARGENTINA's total exports and imports of goods were 63428.5312 million and were down 17.27% comparing to the same period of last year. Among these, exports were 37176.8286 million and down 11.93%; imports were 26251.7026 million and down 23.82%. The total trade surplus was 10925.1260 million and up 40.91%.

If considering by country (region), BRAZIL, CHINA, UNITED STATES, VIETNAM, CHILE were ARGENTINA's top five trading partners. During the current year until 202008, ARGENTINA's imports and exports to five countries/territories were 9859.5216 million, 8943.8375 million, 5050.2466 million, 2582.3998 million, 2224.2572 million. These values correspond to 15.54%, 14.10%, 7.96%, 4.07%, 3.51% of ARGENTINA's imports and exports, and, respectively, were down 29.46%, down 8.70%, down 30.18%, up 7.68%, down 8.00% comparing to the same period of last year.

Current year until 202008, 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 202008, ARGENTINA's exports to these five countries/territories were 4701.1971 million, 3898.6289 million, 2224.3724 million, 2128.1917 million, 1911.4186 million. These values correspond to 12.65%, 10.49%, 5.98%, 5.72%, 5.14% of ARGENTINA's exports and, respectively, were down 31.36%, up 10.52%, down 19.04%, up 6.57%, down 6.63% comparing with the same period of last year.

Current year until 202008, 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 202008, ARGENTINA's imports from these five countries/territories were 5158.3245 million, 5045.2086 million, 2825.8741 million, 1587.8175 million, 1286.9304 million. These values correspond to 19.65%, 19.22%, 10.76%, 6.05%, 4.90% of ARGENTINA's total imports and, respectively, were down 27.63%, down 19.52%, down 37.00%, up 14.42%, down 31.66% comparing with the same period of last year.

During the current year until 202008, the trade surplus of ARGENTINA was mainly from VIETNAM, CHILE, INDIA, EGYPT, NETHERLANDS at 1673.9835 million, 1598.5800 million, 1158.5793 million, 938.7854 million, 880.7151 million, and up 4.90%, down 4.66%, up 21.95%, up 26.35%, up 20.19%. And the trade deficits were mainly from CHINA, PARAGUAY, GERMANY, UNITED STATES, BRAZIL at 1146.5796 million, 1058.9174 million, 788.1091 million, 601.5017 million, 457.1275 million, and down 58.17%, up 45.25%, down 36.17%, down 65.40%, up 64.03%.

Current year until 202008, ARGENTINA's trade surplus or deficit with top five countries/territories During the current year until 202008,  commodities with hs2 codes, 10, 99, 87, 23, 12, were ARGENTINA's top five traded commodities. They correspond to the import and export values of 6763.2907 million, 5174.2844 million, 4574.2949 million, 4360.5916 million, 4299.3051 million, which were up 8.85%, down 14.30%, down 42.93%, down 17.69%, up 24.48% comparing with the same period of last year and account for 10.66%, 8.16%, 7.21%, 6.87%, 6.78% of ARGENTINA's total imports and exports.

During the current year until 202008, 10, 99, 23, 15, 12 were ARGENTINA's top five traded commodities, with total import and export values of 6748.9692 million, 4865.7362 million, 4316.7296 million, 2871.3184 million, 2830.1946 million. These values correspond to 18.15%, 13.09%, 11.61%, 7.72%, 7.61% of ARGENTINA's total exports and, respectively, were up 8.94%, down 13.91%, down 17.73%, up 2.02%, up 45.73% comparing to the same period of last year.

During the current year until 202008, 84, 85, 87, 27, 29 were ARGENTINA's top five traded commodities, with total import values of 3702.3363 million, 2877.2582 million, 2630.4882 million, 1903.4728 million, 1688.3374 million. These values correspond to 14.10%, 10.96%, 10.02%, 7.25%, 6.43% of ARGENTINA's total exports and, respectively, were down 30.21%, down 36.06%, down 34.58%, down 40.46%, up 5.44% comparing to the same period of last year.


2. Current year until 202008, ARGENTINA binational trade profile

According to Dalian Infobank, during the current year until 202008, ARGENTINA-China binational exports and imports of goods amounted to 8943.8375 million and were down 8.70% comparing with the same period of last year. Among these, exports from ARGENTINA to China were 3898.6289 million and up 10.52%, imports from China to ARGENTINA were 5045.2086 million and down 19.52%. The total binational trade deficit was 1146.5796 million and down 58.17%.

During the urrent year until 202008, 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 1789.1162 million, 1320.0757 million, 1219.5565 million, 1036.4153 million, 704.2695 million and makes up 20.00%, 14.76%, 13.64%, 11.59%, 7.87% of the total binational imports and exports. These values were also up 32.54%, down 40.62%, up 2.62%, down 14.85%, up 16.70% comparing to the same period last year.

During the current year until 202008, 12, 02, 03, 15, 99 were the top five traded commodities exported to China from ARGENTINA, with export values of 1784.8509 million, 1219.5565 million, 301.0565 million, 191.3928 million, 147.2750 million. These values account for 45.78%, 31.28%, 7.72%, 4.91%, 3.78% of ARGENTINA's total exports and were up 32.58%, up 2.62%, up 10.05%, up 14.75%, down 34.62% comparing to the same period of last year.

During the current year until 202008, 85, 84, 29, 87, 39 were ARGENTINA's top five traded commodities importing from China , with import values of 1320.0757 million, 1034.0233 million, 699.5370 million, 177.8078 million, 166.9323 million. These values account for 26.16%, 20.50%, 13.87%, 3.52%, 3.31% of ARGENTINA's total imports and were down 40.59%, down 14.83%, up 18.39%, down 22.21%, up 0.83% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: INDEC