Argentina, Colombia, the United Kingdom and Denmark move up in EU-Latin America trade rankings.
BY CHRONICLE STAFF
Just as the European Union and Mercosur restart stalled trade negotiations, new data shows that Argentina has replaced Chile as Latin America’s third-largest exporter to the EU.
Meanwhile, the United Kingdom replaced Italy as the fourth-largest EU buyer of Latin American goods and the Netherlands as the fifth-largest EU exporter to Latin America, according to a Latin Business Chronicle analysis of data from Eurostat, the official EU statistics agency.
All in all, EU trade with Latin America last year fell by 23.9 percent to 134.7 billion euro (US$193.1billion). EU exports to Latin America fell by 20.1 percent to 63.6 billion euro, while imports from Latin America declined 27 percent to 71.1 billion euro.
The results were even worse than the United States posted last year. Its trade with Latin America fell by 20.6 percent, while its exports to the region declined 16.7 percent. Meanwhile, its purchases from Latin America were 23.6 percent lower.
All countries in Latin America posted declines in trade with the EU last year. In terms of EU exports to the region, they fell in all countries but ...
Keywords: Argentina, Brazil, Chile, Colombia, Denmark, Dominican Republic, Ecuador, Finland, France, Germany, Italy, Mexico, Netherlands, Spain, United Kingdom, Venezuela