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

Brief Report of Argentina's Trade in June 2016

According to the statistics of State Statistics Bureau in Argentina, its volume of goods trade was USD54.94 billion from January to June in 2016, down 4.3% year-on-year (the same below). Exports fell by 2.7% to USD27.68 billion, and imports fell by 5.9% to USD27.26 billion. The trade surplus was USD0.43billion.

In June, Argentina’s volume of goods trade fell by 12.1% to USD10.37 billion. Exports fell by 13.4% to USD5.23 billion and imports fell by 10.8% to USD5.14 billion. And the trade surplus fell by 65.5% to USD0.1 billion.

Since January to June, bilateral trade volume between Argentina and China grew by 10.0% to USD7.62 billion. Argentina’s exports to China fell by 18.2% to USD2.31 billion. It accounted for 8.4% of Argentina’s overall export, down 1.6%. And Argentina’s imports from China grew by 29.5% to USD5.3 billion. It accounted for 19.5% of Argentina’s overall imports, up 5.3% over the previous year. Argentina’s trade deficit with China grew by 136.2% to USD2.99 billion.

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

Source: www.made-in-china.com
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