The INDEC statistics bureau informed that the trade exchange in July 2020 showed a surplus of USD 1,476 million, an increase of 55% compared to the previous year. Exports totalled USD 4,903 million, 16% less than in July 2019, while imports totalled USD 3,427 million, with a drop of 30% year-on-year. With this result, in the first seven months of the year, the trade balance showed a surplus of USD 9,573 million. China was once again Argentina's main trading partner, with exports for USD 553 million, and imports for USD 751 million, which left a negative trade balance of USD 198 million. In second place was Brazil, with exports for USD 557 million, and imports for USD 692 million, which left a negative balance of USD 134 million. The third trading partner was the U.S., with exports totalling USD 369 million and imports USD 382 million, with a deficit of USD 13 million.
