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Monitor Report of ARGENTINA trade and ARGENTINA-China binational trade in 202011

 1.  Overview the trade of ARGENTINA in goods current year until 202011

According to Dalian Infobank, in 202011ARGENTINA's exports and imports of goods amounted to 8615.1892 million, and were down 7.38% comparing with the same period of last year. Among these, exports were down 23.63% at 4500.4327 million, and imports were up 20.71% at 4114.7565 million. And the corresponding trade surplus was 385.6761 million and down 84.47%.

During the current year until 202011, ARGENTINA's total exports and imports of goods were 89787.4500 million and were down 15.08% comparing to the same period of last year. Among these, exports were 51339.7543 million and down 14.06%; imports were 38447.6957 million and down 16.40%. The total trade surplus was 12892.0587 million and down 6.23%.

If considering by country (region), BRAZIL, CHINA, UNITED STATES, VIETNAM, CHILE were ARGENTINA's top five trading partners. During the current year until 202011, ARGENTINA's imports and exports to five countries/territories were 14930.8915 million, 12663.7476 million, 7020.7798 million, 3486.2391 million, 3157.9217 million. These values correspond to 16.63%, 14.10%, 7.82%, 3.88%, 3.52% of ARGENTINA's imports and exports, and, respectively, were down 21.17%, down 15.02%, down 27.03%, up 5.76%, down 3.24% comparing to the same period of last year.

Current year until 202011, 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 202011, ARGENTINA's exports to these five countries/territories were 7104.5530 million, 4992.8768 million, 3038.1914 million, 2788.1410 million, 2671.8274 million. These values correspond to 13.84%, 9.73%, 5.92%, 5.43%, 5.20% of ARGENTINA's exports and, respectively, were down 25.38%, down 20.21%, down 18.77%, up 3.84%, down 3.51% comparing with the same period of last year.

Current year until 202011, 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 202011, ARGENTINA's imports from these five countries/territories were 7826.3386 million, 7670.8708 million, 3982.5884 million, 2114.6645 million, 1825.6277 million. These values correspond to 20.36%, 19.95%, 10.36%, 5.50%, 4.75% of ARGENTINA's total imports and, respectively, were down 16.91%, down 11.25%, down 32.29%, up 32.79%, down 29.83% comparing with the same period of last year.

During the current year until 202011, the trade surplus of ARGENTINA was mainly from CHILE, VIETNAM, INDIA, NETHERLANDS, PERU at 2185.7331 million, 2090.0428 million, 1606.8607 million, 1220.6394 million, 1203.9086 million, and down 3.89%, up 0.80%, up 30.73%, down 0.56%, down 7.21%. And the trade deficits were mainly from CHINA, PARAGUAY, GERMANY, UNITED STATES, BRAZIL at 2677.9940 million, 1323.2571 million, 1161.9065 million, 944.3970 million, 721.7856 million, and up 12.25%, up 97.03%, down 32.62%, down 55.90%, down 810.79%.

Current year until 202011, ARGENTINA's trade surplus or deficit with top five countries/territories During the current year until 202011,  commodities with hs2 codes, 10, 87, 99, 84, 23, were ARGENTINA's top five traded commodities. They correspond to the import and export values of 8200.2994 million, 7262.3133 million, 7210.5621 million, 6468.8451 million, 6153.7189 million, which were up 1.86%, down 33.50%, down 12.84%, down 20.49%, down 15.72% comparing with the same period of last year and account for 9.13%, 8.09%, 8.03%, 7.20%, 6.85% of ARGENTINA's total imports and exports.

During the current year until 202011, 10, 99, 23, 15, 12 were ARGENTINA's top five traded commodities, with total import and export values of 8171.8357 million, 6795.0117 million, 6091.4918 million, 4169.9884 million, 3261.5447 million. These values correspond to 15.92%, 13.24%, 11.87%, 8.12%, 6.35% of ARGENTINA's total exports and, respectively, were up 1.85%, down 12.19%, down 15.81%, up 9.70%, down 13.29% comparing to the same period of last year.

During the current year until 202011, 84, 85, 87, 27, 29 were ARGENTINA's top five traded commodities, with total import values of 5652.5616 million, 4274.2712 million, 4141.0314 million, 2418.5171 million, 2353.1704 million. These values correspond to 14.70%, 11.12%, 10.77%, 6.29%, 6.12% of ARGENTINA's total exports and, respectively, were down 20.31%, down 29.71%, down 21.74%, down 38.84%, up 5.60% comparing to the same period of last year.


2. Current year until 202011, ARGENTINA binational trade profile

According to Dalian Infobank, during the current year until 202011, ARGENTINA-China binational exports and imports of goods amounted to 12663.7476 million and were down 15.02% comparing with the same period of last year. Among these, exports from ARGENTINA to China were 4992.8768 million and down 20.21%, imports from China to ARGENTINA were 7670.8708 million and down 11.25%. The total binational trade deficit was 2677.9940 million and up 12.25%.

During the urrent year until 202011, commodities with hs2 code, 85, 12, 02, 84, 29, were binational trade's top five traded commodities. They correspond to import and export values of 1994.5958 million, 1894.4340 million, 1792.4923 million, 1706.1810 million, 994.3076 million and makes up 15.75%, 14.96%, 14.15%, 13.47%, 7.85% of the total binational imports and exports. These values were also down 31.98%, down 34.68%, down 9.51%, up 1.76%, up 15.82% comparing to the same period last year.

During the current year until 202011, 12, 02, 15, 03, 99 were the top five traded commodities exported to China from ARGENTINA, with export values of 1888.5125 million, 1792.4923 million, 346.1746 million, 342.5227 million, 166.2601 million. These values account for 37.82%, 35.90%, 6.93%, 6.86%, 3.33% of ARGENTINA's total exports and were down 34.77%, down 9.51%, up 34.25%, down 12.56%, down 49.74% comparing to the same period of last year.

During the current year until 202011, 85, 84, 29, 87, 39 were ARGENTINA's top five traded commodities importing from China , with import values of 1994.5365 million, 1702.6946 million, 988.0776 million, 280.4082 million, 253.4987 million. These values account for 26.00%, 22.20%, 12.88%, 3.66%, 3.30% of ARGENTINA's total imports and were down 31.94%, up 1.79%, up 17.13%, down 8.28%, up 7.72% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: INDEC