Philippines / Argentina

Overview In August 2024, Philippines exported $3.7M and imported $79.7M from Argentina, resulting in a negative trade balance of $76M. Between August 2023 and August 2024 the exports of Philippines have decreased by $-5.29M (-58.8%) from $8.99M to $3.7M, while imports decreased by $-626k (-0.78%) from $80.3M to $79.7M.

Trade In August 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 August 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 August 2024, the decrease in Philippines's year-by-year exports to Argentina was explained primarily by an decrease in product exports in Industrial Printers ($-549k or -66.6%), Coconuts, Brazil Nuts, and Cashews ($-135k or -66.8%), and Low-voltage Protection Equipment ($-117k or -62%). In August 2024, the decrease in Philippines's year-by-year imports  from Argentina was explained primarily by an decrease in product imports  in Soybean Meal ($-43.9M or -57.6%), Vaccines, blood, antisera, toxins and cultures ($-2.09M or -100%), and Sawn Wood ($-326k or -42.1%).