Trade Resources Economy Brief Report of Argentina's Trade in May 2016

Brief Report of Argentina's Trade in May 2016

According to the statistics of State Statistics Bureau in Argentina, its volume of goods trade was USD44.57 billion from January to May in 2016, down 2.3% year-on-year (the same below). Exports grew by 0.2% to USD22.45 billion, and imports fell by 4.7% to USD22.12 billion. The trade surplus was USD0.33 billion.

In May, Argentina’s volume of goods trade grew by 0.6% to USD10.25 billion. Exports grew by 2.8% to USD5.35 billion and imports fell by 1.7% to USD4.90 billion. And the trade surplus grew by 106.1% to USD0.44 billion.

Since January to May, bilateral trade volume between Argentina and China grew by 11.5% to USD5.87 billion. Argentina’s exports to China were USD1.44 billion, down 26.3%. It accounted for 6.4% of Argentina’s overall export, down 2.3%. And Argentina’s imports from China reached USD4.43 billion, up 33.8%. It accounted for 20.0% of Argentina’s overall imports, up 5.8% over the previous year. Argentina’s trade deficit with China was USD2.98 billion, up 121.1%.

China was the third export market of Argentina and its second largest source of imports up to May in 2016.

Source: www.made-in-china.com
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