The trade between China and Argentina

05-01-2025

The trade between China and Argentina is as follows:

 

1. Trade scale and trend

 

- From January to November 2024, the bilateral import and export volume of goods between China and Argentina was US$14.74 billion, a year-on-year decrease of 8.6%.

 

- From January to October 2024, the total import and export volume of China-Argentina foreign trade was RMB 94 billion, of which China imported RMB 42 billion from Argentina, a year-on-year increase of 9.6%, and exported RMB 52 billion to Argentina, a year-on-year decrease of 22.7%.

shipping from China to Argentina 

2. Composition of major commodities

 

- Exports from China to Argentina: mainly mechanical and electronic products, such as communication and audio-visual equipment and parts, mobile phones, laptops, etc.; chemicals and chemical products, such as organic/inorganic chemicals, fertilizers, etc.; textile and footwear products, mainly chemical fibers, crocheted fabrics, shoes and clothing; transportation equipment and parts, such as manned cars, motorcycles, etc.

 

- China imports from Argentina: mainly food and agricultural products, such as genetically modified soybeans, barley, sorghum, beef, leather, etc.; metal products, such as silver ore, lithium chloride/lithium carbonate.

 

3. Cooperation projects

 

- Energy and mining: The two sides have cooperation potential in lithium resource development. Argentina is rich in lithium resources, and Chinese companies have investment cooperation intentions in its lithium mine development.

transport from China to Argentina 

- Infrastructure: The two sides are negotiating on US$500 million in financing in order to restart shelved projects such as the southern hydropower station.

 

4. Trade policy

 

- Currency swap agreement: The China-Argentina currency swap agreement has been extended to 2025, providing an important foreign exchange reserve support tool for the Argentine Central Bank.

 

- E-commerce cooperation: China and Argentina have signed a memorandum of cooperation on e-commerce and established a bilateral e-commerce cooperation mechanism.


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