NEWSLETTER - Latin American New Zealand Business Council

Mexico top ten exports 2010 us$ million
Electrical and electronic equipment 71.70
Vehicles other than railways 51.77
Machinery, nuclear reactors and boilers 41.62
Mineral fuels 40.98
Optical, photo, technical, medical, etc apparatus 10.18
Pearls, precious stones, metals and coins 9.21
Plastics 5.70
Furniture, lighting, signs, prefabricated buildings 5.34
Edible vegetables and certain roots and tubers 4.30
Articles of iron and steel 3.65
Total exports 298.88
PANAMA
Roberto Duran
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BRAZIL, LATIN AMERICA HIT BY ASIA, EUROPE CRISIS
RIO DE JANEIRO (AP) — For more than a
decade, Brazil has been one of the
developing world's great hopes, outpacing
the growth of Western Europe and the U.S.
Many even predicted it would soon
become an economic superpower.
Mariano Rivera
PARAGUAY
Now, as the world economy teeters, Brazil is looking less like a global golden
child and more like a Latin American laggard.
Prices for exported commodities such as iron ore and soybeans are drooping
due to concerns over Chinese growth. Economic turmoil in Europe is cutting
into demand for manufactured goods such as aircraft. Meanwhile, Brazil's stillstrong
currency makes its exports less competitive. Investors are pulling
billions of dollars out of Brazil and other developing countries.
For Brazilians, government measures to halt the slowdown are bringing
momentary perks such as cheaper credit and lower taxes, but analysts
generally believe the big boom is past.
Victor Pecci
Projections by the International Monetary Fund indicate that every major Latin
American economy, save Paraguay, is likely to outpace Brazil this year.
Shearing said Brazil's economy is growing slower than its neighbors for a
number of reasons, but that in general the country historically has been "more
sensitive to global economic gyrations" due to structural factors such as a
stronger dependence on money flowing in from foreign investors to finance
spending, flows that quickly reverse in times of uncertainty.
Brazil's economy, Shearing added, also is more broadly linked to China's than
other Latin American nations, so the slowdown in Chinese growth and that
nation's demand for commodities hits Brazil harder than its neighbors.
Jose Luis Chilavert
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