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As BRICS expansion makes an impact from Africa to the Middle East and beyond, Latin America remains a region to watch. In its efforts to resurrect the Mercosur trade bloc, Brazilian Argentine exports to the PRC grew approximately eightfold, from $1.09 billion in 2025 to $7.93 billion in 2025, while Argentine imports from China grew over 53-fold, from As part of China’s bid to internationalize its currency, a number of countries beyond Russiaincluding Saudi Arabia, Bangladesh, India, Argentina, Brazil, Pakistan, Iraq Thursday’s announcement that Argentina will join the BRICS bloc shows the country’s value to Brazil and the growing influence of Asia on the world stage, analysts have The decline in reliance on the U.S. dollar is becoming evident as the BRICS nations take proactive measures. Argentina is seeking to realign business relations with China, as bilateral trade with the Asian giant has opened up a $9.5 billion trade deficit, constricting the Latin American nation’s The discussion around Argentina’s possible entry into BRICS unfolds in the context of economic hardships, presenting the country with the need for strategic decisions China plays the leading role in trade and investment between BRICS members and exerts a strong influence on their economic growth. First, according to a report In October, Argentina used the Chinese yuan to setle a portion of the $2.6 billion owed to the International Monetary Fund (IMF). Using the Chinese yuan from a currency exchange line

BRICS Influence Grows: Argentina Settles 19% of Imports in Chinese Yuan

The influence of the BRICS nations (Brazil, Russia, India, China, and South Africa) is rapidly expanding, and Argentina's recent move to settle 19% of its imports in Chinese Yuan underscores this growing trend. This shift signifies a significant step in the de-dollarization movement and highlights China's increasing economic sway in Latin America. As BRICS expansion makes an impact from Africa to the Middle East and beyond, Latin America remains a region to watch.

Argentina Embraces the Yuan: A Response to Economic Challenges

The discussion around Argentina’s possible entry into BRICS unfolds in the context of economic hardships, presenting the country with the need for strategic decisions. Facing a $9.5 billion trade deficit with China, Argentina is seeking to realign business relations. This economic pressure has prompted Argentina to explore alternative financial avenues, including greater utilization of the Chinese Yuan in international trade.

De-Dollarization on the Rise: The BRICS Effect

The decline in reliance on the U.S. dollar is becoming evident as the BRICS nations take proactive measures. Argentina is seeking to realign business relations with China, as bilateral trade with the Asian giant has opened up a $9.5 billion trade deficit, constricting the Latin American nation’s. This move toward using the Yuan reflects a broader trend within the BRICS alliance to diversify away from the dollar-dominated global financial system. As part of China’s bid to internationalize its currency, a number of countries beyond Russia—including Saudi Arabia, Bangladesh, India, Argentina, Brazil, Pakistan, Iraq—are increasingly engaging in Yuan-denominated transactions.

China's Role in BRICS and Global Trade

China plays the leading role in trade and investment between BRICS members and exerts a strong influence on their economic growth. First, according to a report In October, Argentina used the Chinese yuan to setle a portion of the $2.6 billion owed to the International Monetary Fund (IMF). Using the Chinese yuan from a currency exchange line, Argentina is finding ways to navigate its financial obligations and foster closer economic ties with China. In its efforts to resurrect the Mercosur trade bloc, Brazilian Argentine exports to the PRC grew approximately eightfold, from $1.09 billion in 2015 to $7.93 billion in 2021, while Argentine imports from China grew over 53-fold, from.

BRICS Expansion: Argentina's Strategic Move

Thursday’s announcement that Argentina will join the BRICS bloc shows the country’s value to Brazil and the growing influence of Asia on the world stage, analysts have. By joining the BRICS alliance, Argentina gains access to a powerful economic bloc that can provide crucial support and investment opportunities. This decision marks a significant shift in Argentina's foreign policy and economic strategy, further solidifying the BRICS nations' position as major players in the global economy.

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