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China’s Latin America Deficit Jumps Fourfold

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Chile replaces Mexico as China’s second-largest trading partner in Latin America.

BY JOACHIM BAMRUD

 

China’s trade deficit with Latin America jumped fourfold to $8.9 billion last year, according to a Latin Business Chronicle analysis of data from the International Monetary Fund (IMF).

"A deeper dive into country-by-country trade reveals that Chinas deficit with the region is in large part due to imports of raw materials from countries such as Chile and Brazil,” says Mark Ludwig, president of Variant Advisors. “These figures further underscore the view that China is less interested in what Latin America makes, and more in what it has."

 

China’s trade with Latin America reached ...

 



Keywords: Argentina, Brazil, Chile, Costa Rica, Mexico, Panama, Peru, Venezuela

TABLES
China-Latin America Trade 2009
Winners & Losers
Chinas Top Export Markets

Latin Americas Top Exporters

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