According to the China Customs, the bilateral trade volume between China and Argentina in 2005 reached US$5.12 billion, up by 24.8 percent, among which China's export to Argentina US$1.32 billion, up by 55.5 percent and China's import from Argentina US$3.8 billion, up by 16.7 percent. China had a deficit of US$2.48 billion. Chinese exports to Argentina mainly included electro-mechanic equipment, chemicals and light industrial products; main imports included soybean, bean oil, crude oil, leathers, etc.
According to the Ministry of Commerce (MOFCOM), the turnover of completed engineering contracts by Chinese companies in Argentina recorded US$120 million in 2005, and the amount of the contracts signed in 2005 was US$11.34 million. The volume of completed labor service cooperation contracts was US$6.41 million, and that of the newly signed labor service cooperation contracts was US$3.57 million.
In 2005, approved by the Ministry of Commerce (MOFCOM) of China, a non-financial Chinese enterprise was set up in Argentina with Chinese proposed contribution of US$0.5 million.
On the other hand, according to MOFCOM, Argentine investment projects in China recorded 18, with contracted investment amounting to US$25.68 million, including paid-in capital US$10.89 million.
