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China-Argentina ties at a glance

chinadaily.com.cn | Updated: 2018-12-02 07:00

Bilateral trade

Local residents enter a service outlet of the Argentine subsidiary of the Industrial and Commercial Bank of China (ICBC) in Buenos Aires, capital of Argentina, Nov 29, 2018.[Photo/Xinhua]

China is Argentina's third-largest trading partner in the world and Argentina is China's fifth-largest trading partner in Latin America.

According to China Customs statistics, the bilateral trade volume in 2017 was $13.81 billion, up 12.1 percent from one year earlier. China's export volume was $9.07 billion and import volume was $4.74 billion, with a year-on-year increase of 25.9 percent and a fall of 7.4 percent, respectively.

China mainly exports machinery and equipment, electrical appliances and electronic products, computers and communication equipment, motorcycles, textiles and clothing. Imports include soybeans, crude oil, and leather.

Financial cooperation

Pictured, from left, are the headquarters of the Central Bank of Argentina (BCRA) in Buenos Aires, Argentina, and the headquarters and head office of the People's Bank of China (PBOC), China's central bank, in Beijing, China. [Photo/IC]

April 8, 2013

The Industrial and Commercial Bank of China opened a subsidiary in Buenos Aires, Argentina, making it the first Chinese bank entering Argentine market.

July 18, 2017

The People's Bank of China renewed a currency swap agreement with the Central Bank of Argentina on July 18, 2017. The agreement allows the two central banks to swap 70 billion yuan ($10.4 billion) for 175 billion Argentine pesos.

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