China / Argentina

Overview In May 2024, China exported $697M and imported $525M from Argentina, resulting in a positive trade balance of $171M. Between May 2023 and May 2024 the exports of China have decreased by $-394M (-36.1%) from $1.09B to $697M, while imports decreased by $-32.2M (-5.77%) from $558M to $525M.

Trade In May 2024, the top exports of China to Argentina were Telephones ($54.7M), Large Construction Vehicles ($20.3M), Nitrogen Heterocyclic Compounds ($19.9M), Centrifuges ($19.9M), and Mixed Mineral or Chemical Fertilizers ($19.7M). In May 2024 the top imports of China from Argentina were Soybeans ($837M), Frozen Bovine Meat ($177M), Soybean Oil ($72M), Carbonates ($42.3M), and Raw Tobacco ($24M).

Origins In May 2024 the exports of China were mainly from Zhejiang Province ($147M), Guangdong Province ($137M), Jiangsu Province ($91.4M), Shanghai Province ($52.3M), and Shandong Province ($51.7M), while imports destinations were mainly Shandong Province ($84.6M), Fujian Province ($84.3M), Beijing ($61M), Jiangsu Province ($50.6M), and Tianjin ($44.2M).

Growth In May 2024, the decrease in China's year-by-year exports to Argentina was explained primarily by an decrease in product exports in Other Organo-Inorganic Compounds ($-37.1M or -86.4%), Telephones ($-27.2M or -33.2%), and Computers ($-19.5M or -60.7%). In May 2024, the decrease in China's year-by-year imports  from Argentina was explained primarily by an decrease in product imports  in Sorghum ($-127M or -89.8%), Frozen Bovine Meat ($-16.5M or -8.57%), and Tanned Equine and Bovine Hides ($-5.26M or -63.9%).