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Monitor Report of ARGENTINA trade and ARGENTINA-China binational trade in 202107

 1.  Overview the trade of ARGENTINA in goods current year until 202107

According to Dalian Infobank, in 202107ARGENTINA's exports and imports of goods amounted to 12896.4659 million, and were up 53.86% comparing with the same period of last year. Among these, exports were up 45.63% at 7181.0275 million, and imports were up 65.63% at 5715.4384 million. And the corresponding trade surplus was 1465.5891 million and down 0.99%.

During the current year until 202107, ARGENTINA's total exports and imports of goods were 76867.9930 million and were up 39.32% comparing to the same period of last year. Among these, exports were 42553.5688 million and up 31.00%; imports were 34314.4242 million and up 51.22%. The total trade surplus was 8239.1447 million and down 15.87%.

If considering by country (region), BRAZIL, CHINA, UNITED STATES, INDIA, PARAGUAY were ARGENTINA's top five trading partners. During the current year until 202107, ARGENTINA's imports and exports to five countries/territories were 12743.1601 million, 10179.3676 million, 5668.1750 million, 2908.2071 million, 2617.9525 million. These values correspond to 16.58%, 13.24%, 7.37%, 3.78%, 3.41% of ARGENTINA's imports and exports, and, respectively, were up 50.53%, up 33.37%, up 28.86%, up 49.92%, up 42.73% comparing to the same period of last year.

Current year until 202107, ARGENTINA and the top five trade partners BRAZIL, CHINA, UNITED STATES, CHILE, INDIA are the top five countries/territories that ARGENTINA exports to in terms of the total export amount. During the current year until 202107, ARGENTINA's exports to these five countries/territories were 5891.1760 million, 3271.9512 million, 2564.5448 million, 2148.4414 million, 2119.2901 million. These values correspond to 13.84%, 7.69%, 6.03%, 5.05%, 4.98% of ARGENTINA's exports and, respectively, were up 44.17%, down 1.57%, up 33.66%, up 30.34%, up 43.53% comparing with the same period of last year.

Current year until 202107, 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 202107, ARGENTINA's imports from these five countries/territories were 6907.4164 million, 6851.9841 million, 3103.6302 million, 1999.2739 million, 1439.6092 million. These values correspond to 20.13%, 19.97%, 9.04%, 5.83%, 4.20% of ARGENTINA's total imports and, respectively, were up 60.34%, up 56.47%, up 25.14%, up 45.60%, up 24.76% comparing with the same period of last year.

During the current year until 202107, the trade surplus of ARGENTINA was mainly from CHILE, NETHERLANDS, INDIA, VIETNAM, IRAN at 1782.5704 million, 1339.2594 million, 1330.3730 million, 1187.1385 million, 1059.7975 million, and up 28.09%, up 77.19%, up 31.31%, down 17.49%, up 1224.20%. And the trade deficits were mainly from CHINA, PARAGUAY, GERMANY, BRAZIL, THAILAND at 3635.4652 million, 1380.5954 million, 1043.4202 million, 960.8082 million, 583.5510 million, and up 269.60%, up 51.36%, up 43.91%, up 228.15%, up 91.72%.

Current year until 202107, ARGENTINA's trade surplus or deficit with top five countries/territories During the current year until 202107,  commodities with hs2 codes, 10, 87, 99, 23, 84, were ARGENTINA's top five traded commodities. They correspond to the import and export values of 7084.4099 million, 6780.0342 million, 6521.5700 million, 5833.2702 million, 5723.8670 million, which were up 19.29%, up 74.63%, up 39.49%, up 52.26%, up 54.30% comparing with the same period of last year and account for 9.22%, 8.82%, 8.48%, 7.59%, 7.45% of ARGENTINA's total imports and exports.

During the current year until 202107, 10, 99, 23, 15, 87 were ARGENTINA's top five traded commodities, with total import and export values of 7074.4268 million, 6162.5612 million, 5792.5695 million, 4100.4724 million, 3127.5144 million. These values correspond to 16.62%, 14.48%, 13.61%, 9.64%, 7.35% of ARGENTINA's total exports and, respectively, were up 19.34%, up 38.83%, up 52.72%, up 62.92%, up 91.18% comparing to the same period of last year.

During the current year until 202107, 84, 87, 85, 27, 12 were ARGENTINA's top five traded commodities, with total import values of 5084.4537 million, 3652.5198 million, 3643.2329 million, 2971.1335 million, 1917.6247 million. These values correspond to 14.82%, 10.64%, 10.62%, 8.66%, 5.59% of ARGENTINA's total exports and, respectively, were up 56.35%, up 62.59%, up 46.41%, up 81.55%, up 48.94% comparing to the same period of last year.


2. Current year until 202107, ARGENTINA binational trade profile

According to Dalian Infobank, during the current year until 202107, ARGENTINA-China binational exports and imports of goods amounted to 10179.3676 million and were up 33.37% comparing with the same period of last year. Among these, exports from ARGENTINA to China were 3271.9512 million and down 1.57%, imports from China to ARGENTINA were 6907.4164 million and up 60.34%. The total binational trade deficit was 3635.4652 million and up 269.60%.

During the urrent year until 202107, 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 1752.2572 million, 1679.6458 million, 1031.7701 million, 803.4199 million, 736.8730 million and makes up 17.21%, 16.50%, 10.14%, 7.89%, 7.24% of the total binational imports and exports. These values were also up 54.28%, up 92.60%, down 5.97%, down 45.78%, up 25.74% comparing to the same period last year.

During the current year until 202107, 02, 12, 10, 15, 03 were the top five traded commodities exported to China from ARGENTINA, with export values of 1031.7701 million, 799.7219 million, 608.4831 million, 387.4093 million, 102.0331 million. These values account for 31.53%, 24.44%, 18.60%, 11.84%, 3.12% of ARGENTINA's total exports and were down 5.97%, down 45.91%, up 2435.04%, up 153.98%, down 62.08% comparing to the same period of last year.

During the current year until 202107, 85, 84, 29, 87, 39 were ARGENTINA's top five traded commodities importing from China , with import values of 1751.9023 million, 1675.2282 million, 732.8546 million, 342.5213 million, 255.7108 million. These values account for 25.36%, 24.25%, 10.61%, 4.96%, 3.70% of ARGENTINA's total imports and were up 54.25%, up 92.55%, up 25.81%, up 124.89%, up 73.94% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: INDEC