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

Brief Report of Argentina's Trade in July 2016

According to the statistics from Statistics Argentina, Argentina’s volume of goods trade was USD64.59 billion from January to July in 2016, down 5.9% year-on-year (the same below). Exports fell by 4.0% to USD32.65 billion, and imports fell by 7.7% to USD31.95 billion. Compared with the trade deficit last year of USD0.61 billion, this year’s trade surplus was USD0.7 billion.

In July, Argentina’s volume of goods trade fell by 14.3% to USD9.62 billion. Exports fell by 11.4% to USD4.93 billion and imports fell by 17.2% to USD4.69 billion. And the trade surplus was USD0.24 billion.

Since January to July, bilateral trade volume between Argentina and China grew by 6.3% to USD8.93 billion. Argentina’s exports to China fell by 17.6% to USD2.84 billion. It accounted for 8.7% of Argentina’s overall export, down 1.4%. And Argentina’s imports from China grew by 22.5% to USD6.09 billion. It accounted for 19.1% of Argentina’s overall imports, up 4.7% over the previous year. Argentina’s trade deficit with China grew by 112.9% to USD3.25 billion.

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

Source: www.made-in-china.com
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