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Latin America Trade: Asia Bigger Than Europe

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Latin America continues to trade more with Asia than the European Union.


BY CHRONICLE STAFF

 

When more than 300 Asian and Latin American executives meet in Singapore next week for the seventh annual Latin Asia Business Forum, they do so at a time of significant two-way trade.

 

Latin America’s trade with its top five Asian partners last year reached $238.9 billion, according to a Latin Business Chronicle analysis of data from the International Monetary Fund and official data from Japan, India and Singapore.

 

That was more than last year’s total trade between Latin America and the European Union ($193.1 billion) and nearly half of total trade between the United States and Latin America ($501.8 billion), according to official EU and U.S. data analyzed by Latin Business Chronicle.

 

Both China and Japan have higher trade with Latin America than Germany, the region’s top EU partner, our analysis shows. China’s trade with ...

 

 

Keywords: China, ECLAC, India, Japan, Korea, Singapore, World Bank

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