F REIGN TRADE - 中国国际贸易促进委员会

Trade Data Watch
in Latin America
By Li Zhen
Nowadays, Latin American countries are increasingly
of great importance to China in terms of
economic and trade relations. Take Brazil for
example, it has become China’s most important
partner, both as a market for Chinese goods and as a source
of raw materials. Brazil supplies some 45% of all China’s
soybean imports and is also the source for other agricultural
products, as well as iron ore and petroleum. It has becomes
clear that China’s trade with Latin America has fuelled a
boom in the region’s export sectors in countries such as Argentina,
Brazil, Chile, Peru and Venezuela.
From the beginning of 2011, China’s Foreign Trade
magazine will keep a close look on what happened in Latin
American countries’ trade agenda. In this issue, we pick
three countries, namely Mexico, Peru and Venezuela, for
your reference.
Mexico
Mexico reported a trade deficit equivalent to US$102
million in November of 2010. Mexico is the biggest exporter
and importer in Latin America. Mexican trade is
fully integrated with that of its North American partners:
close to 86% of Mexican exports and 50% of its imports are
traded with The United States and Canada. Mexico’s major
exports are: manufactured goods, oil and oil products, silver,
fruits, vegetables, coffee and cotton. Mexico imports mainly
include metal working machines, steel mill products, agricultural
machinery and electrical equipment.
Mexico exports were worth US$2.815 billion in November
of 2010. Mexico is the biggest exporter in Latin
America. Mexico’s major exports are: manufactured goods,
oil and oil products, silver, fruits, vegetables, coffee and cotton.
Mexican trade is fully integrated with that of its North
American partners: 82% of Mexican exports are with the
United States.
Mexico imports were worth US$2.825 billion in November
of 2010. Mexico is the biggest importer in Latin
America. Mexico imports are mainly metal working machines,
steel mill products, agricultural machinery, electrical
equipment, car parts for assembly, repair parts for motor
vehicles and aircrafts. Its main import partner is United
States. Mexico also imports from European Union, China
and Japan.
Figure 1 Mexico Balance of Trade in 2010 (Jan.-Nov.)
(Million USD)
600
400
200
0
-200
-400
-600
-800
-1000
-1200
Jan
Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Data Source: TradingEconomics.com
Figure 2 Mexico’s Imports and Exports (IM/EX) in
2010 (Jan.-Nov.) (Billion USD)
3
2.5
2
1.5
1
0.5
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Data Source: TradingEconomics.com
Figure 3 Peru Balance of Trade in 2010 (Jan.-Oct.)
(Million PEN)
900
800
700
600
500
400
300
200
100
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct
EX
IM
Data Source: TradingEconomics.com
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