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Monitor Report of ARGENTINA trade and ARGENTINA-China binational trade in 202012

 1.  Overview the trade of ARGENTINA in goods current year until 202012

According to Dalian Infobank, in 202012ARGENTINA's exports and imports of goods amounted to 7389.7805 million, and were down 13.14% comparing with the same period of last year. Among these, exports were down 35.21% at 3481.8393 million, and imports were up 24.73% at 3907.9412 million. And the corresponding trade deficit was 426.1018 million and down 119.01%.

During the current year until 202012, ARGENTINA's total exports and imports of goods were 97177.2306 million and were down 14.94% comparing to the same period of last year. Among these, exports were 54821.5937 million and down 15.81%; imports were 42355.6369 million and down 13.78%. The total trade surplus was 12465.9568 million and down 22.04%.

If considering by country (region), BRAZIL, CHINA, UNITED STATES, VIETNAM, CHILE were ARGENTINA's top five trading partners. During the current year until 202012, ARGENTINA's imports and exports to five countries/territories were 16588.9656 million, 13893.3869 million, 7630.2517 million, 3605.3646 million, 3423.1828 million. These values correspond to 17.07%, 14.30%, 7.85%, 3.71%, 3.52% of ARGENTINA's imports and exports, and, respectively, were down 19.00%, down 13.58%, down 25.71%, up 4.06%, down 5.07% comparing to the same period of last year.

Current year until 202012, 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 202012, ARGENTINA's exports to these five countries/territories were 7940.1900 million, 5237.0471 million, 3264.3298 million, 2883.7142 million, 2850.8700 million. These values correspond to 14.48%, 9.55%, 5.95%, 5.26%, 5.20% of ARGENTINA's exports and, respectively, were down 23.55%, down 23.19%, down 19.48%, down 6.04%, up 1.59% comparing with the same period of last year.

Current year until 202012, ARGENTINA's exports to top five countries/territories CHINA, BRAZIL, 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 202012, ARGENTINA's imports from these five countries/territories were 8656.3398 million, 8648.7755 million, 4365.9218 million, 2217.8720 million, 1987.9834 million. These values correspond to 20.44%, 20.42%, 10.31%, 5.24%, 4.69% of ARGENTINA's total imports and, respectively, were down 6.51%, down 14.32%, down 29.77%, up 34.68%, down 28.12% comparing with the same period of last year.

During the current year until 202012, the trade surplus of ARGENTINA was mainly from CHILE, VIETNAM, INDIA, NETHERLANDS, PERU at 2344.2456 million, 2096.3755 million, 1706.3412 million, 1269.4492 million, 1260.1940 million, and down 7.44%, down 2.39%, up 26.72%, down 6.64%, down 13.68%. And the trade deficits were mainly from CHINA, PARAGUAY, GERMANY, UNITED STATES, BRAZIL at 3419.2927 million, 1346.6034 million, 1265.4641 million, 1101.5920 million, 708.5855 million, and up 40.08%, up 113.88%, down 30.63%, down 49.07%, down 343.07%.

Current year until 202012, ARGENTINA's trade surplus or deficit with top five countries/territories During the current year until 202012,  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 8552.9719 million, 8094.0669 million, 7894.9980 million, 7273.5069 million, 6350.9278 million, which were down 2.52%, down 31.09%, down 13.52%, down 16.49%, down 18.83% comparing with the same period of last year and account for 8.80%, 8.33%, 8.12%, 7.48%, 6.54% of ARGENTINA's total imports and exports.

During the current year until 202012, 10, 99, 23, 15, 87 were ARGENTINA's top five traded commodities, with total import and export values of 8523.7224 million, 7441.5673 million, 6283.6088 million, 4306.1692 million, 3480.2478 million. These values correspond to 15.55%, 13.57%, 11.46%, 7.85%, 6.35% of ARGENTINA's total exports and, respectively, were down 2.53%, down 12.92%, down 18.96%, up 5.08%, down 43.07% comparing to the same period of last year.

During the current year until 202012, 84, 85, 87, 27, 29 were ARGENTINA's top five traded commodities, with total import values of 6375.0929 million, 4769.8133 million, 4613.8191 million, 2566.1416 million, 2539.6752 million. These values correspond to 15.05%, 11.26%, 10.89%, 6.06%, 6.00% of ARGENTINA's total exports and, respectively, were down 15.88%, down 25.87%, down 18.08%, down 38.76%, up 7.16% comparing to the same period of last year.


2. Current year until 202012, ARGENTINA binational trade profile

According to Dalian Infobank, during the current year until 202012, ARGENTINA-China binational exports and imports of goods amounted to 13893.3869 million and were down 13.58% comparing with the same period of last year. Among these, exports from ARGENTINA to China were 5237.0471 million and down 23.19%, imports from China to ARGENTINA were 8656.3398 million and down 6.51%. The total binational trade deficit was 3419.2927 million and up 40.08%.

During the urrent year until 202012, commodities with hs2 code, 85, 84, 02, 12, 29, were binational trade's top five traded commodities. They correspond to import and export values of 2277.6267 million, 1951.3533 million, 1932.3274 million, 1896.7431 million, 1073.5987 million and makes up 16.39%, 14.05%, 13.91%, 13.65%, 7.73% of the total binational imports and exports. These values were also down 26.34%, up 8.37%, down 15.54%, down 37.43%, up 16.04% comparing to the same period last year.

During the current year until 202012, 02, 12, 15, 03, 99 were the top five traded commodities exported to China from ARGENTINA, with export values of 1932.3274 million, 1889.9484 million, 375.1247 million, 345.3160 million, 185.5667 million. These values account for 36.90%, 36.09%, 7.16%, 6.59%, 3.54% of ARGENTINA's total exports and were down 15.54%, down 37.54%, up 37.36%, down 18.93%, down 47.15% comparing to the same period of last year.

During the current year until 202012, 85, 84, 29, 87, 39 were ARGENTINA's top five traded commodities importing from China , with import values of 2277.5674 million, 1947.4259 million, 1067.2456 million, 330.6534 million, 291.3847 million. These values account for 26.31%, 22.50%, 12.33%, 3.82%, 3.37% of ARGENTINA's total imports and were down 26.30%, up 8.41%, up 17.24%, up 1.20%, up 13.58% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: INDEC