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The trade balance with China is increasingly in deficit. Only in 10 of the last 33 years has Argentina achieved a surplus in the bilateral exchange, which since 2008 has been in firm negative territory and climbed to USD 9,600 M during 2022, the highest in history.

Since 2020 China is the main origin of our imports (+20% of the total), with purchases concentrated in Intermediate Goods (33%), Capital Goods (30%) and parts and accessories (22%), that is, mainly manufactured goods.

In addition to being industrialized, China’s export basket to Argentina is diversified. The top 10 products that we imported during 2022 only concentrated about 18% of total purchases, with goods such as electrical printed circuits (3.5%), glyphosate (3.1%) and parts of broadcasting equipment (2%) in the top positions.

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