Philippines / Argentina

Overview In July 2024, Philippines exported $7.01M and imported $55.3M from Argentina, resulting in a negative trade balance of $48.2M. Between July 2023 and July 2024 the exports of Philippines have increased by $101k (1.45%) from $6.91M to $7.01M, while imports decreased by $-11M (-16.6%) from $66.2M to $55.3M.

Trade In July 2024, the top exports of Philippines to Argentina were Motor vehicles; parts and accessories (8701... ($4.96M), Electrical Transformers ($629k), Industrial Printers ($275k), Rubber Tires ($263k), and Other Processed Fruits and Nuts ($130k). In July 2024 the top imports of Philippines from Argentina were Soybean Meal ($32.4M), Soybeans ($7.53M), Dried Legumes ($1.59M), Corn ($816k), and Other Edible Preparations ($782k).

Growth In July 2024, the increase in Philippines's year-by-year exports to Argentina was explained primarily by an increase in product exports in Electrical Transformers ($516k or 458%), Motor vehicles; parts and accessories (8701... ($178k or 3.71%), and Rubber Tires ($172k or 190%). In July 2024, the decrease in Philippines's year-by-year imports  from Argentina was explained primarily by an decrease in product imports  in Soybean Meal ($-43.9M or -57.6%), Vaccines, blood, antisera, toxins and cultures ($-2.09M or -100%), and Sawn Wood ($-326k or -42.1%).