China Quadrupled Its Share of Imports in 20 Years: Now Accounts for One in Four Dollars Spent by the Country on Foreign Goods
China's share of Argentina's imports has quadrupled over the past two decades, now accounting for 24% of total imports and matching that of Brazil.
In the past two decades, China's share in Argentina's imports has surged, reaching 24% and equaling Brazil's share, as cited by a report from consultancy Equilibra. This remarkable increase reflects a growing trend in which Argentina is relying more heavily on Chinese goods, which covers significant sectors such as textiles, toys, vehicles, and computers. The surge in Chinese imports has compounded challenges for local producers, who are facing stiff competition while trying to maintain their market presence.
After a stark 20% decline in imports in 2024, attributed to accumulated overstock and a downturn in economic activity, Argentina witnessed a bounce-back in 2025, with imports rising nearly 25%. The recovery was particularly pronounced in certain sectors, notably those reliant on consumer goods. Among all countries, imports from China saw the highest increase, with a 54% bump in the same period, highlighting China's pivotal role in Argentina's external trade dynamics.
The shift toward increased Chinese imports poses important implications for local manufacturing in Argentina. The competitive pricing of imported Chinese goods has led to price restraint in the market, creating a predicament for Argentine producers who must adapt to these changes in the import landscape. The growing reliance on imports also raises concerns regarding economic sovereignty and the balance of trade, as local industries struggle to compete in a highly open market.