Korea-Latin America Trade Index: Venezuela climbs five spots


Photo: Downtown Seoul. Credit: Mario Sánchez Prada/Flickr

12th June 2016

Total trade between South Korea and Latin America reached $42.27 billion last year, a 13.6 percent drop compared with 2014, according to Latin Trade’s latest Korea-Latin America Trade Index.
In terms of percentage growth, Venezuela is the definite winner, climbing five places from the previous ranking with an 87.3 percent growth.
Mexico remains in first place with total bilateral trade reaching $14.35 billion, up 1.7 percent from 2014.
The figure is significantly higher than the ranking’s second spot, Brazil, with total trade reaching $9.5 billion, a 30 percent plunge from the year before.
Argentina was the import winner, with a 39 percent growth to almost $700 million.
To view the full ranking, with individual tables by total trade, exports, imports, winners and losers, click below:
Korea%20-%20Latin%20America%20Trade%202016

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