As per the latest data available (2022), the trade relationship between China and Argentina remains robust, reflecting significant economic interactions between the two nations. Here are some of the main trade statistics, according to the Observatory of Economic Complexity:
Trade Volume:
The total trade volume between China and Argentina in 2022 was substantial, with China continuing to be one of Argentina’s most important trading partners. The trade volume was approximately $24 billion.
Exports from Argentina to China:
Argentina’s exports to China primarily consist of agricultural products and raw materials. The key exports include soybeans, beef, and wine.
Argentina’s exports to China were valued at around $8-10 billion. Soybeans and soybean products alone accounted for a significant portion of this, making up the bulk of the export value.
Imports from China to Argentina:
Argentina imports a wide range of goods from China, including electronics, machinery, textiles, and manufactured products.
In 2022, Argentina’s imports from China were valued at approximately $14-16 billion, with a strong emphasis on electronics and machinery.
Trade Balance:
Argentina has a trade deficit with China, meaning it imports more from China than it exports. This trade deficit was in the range of $6-8 billion in 2022.
Investment:
Beyond trade, China has also been a significant investor in Argentina, particularly in infrastructure, energy, and agriculture sectors. Chinese companies have been involved in various projects, including the construction of dams, railways, and investments in the lithium industry.
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