F REIGN TRADE - 中国国际贸易促进委员会

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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 24
Peru Peru reported a trade surplus equivalent to 424 million PEN in October of 2010. Peru’s major exports are fish products, gold, silver, copper, zinc, lead, coffee, asparagus, and textiles. Peru’s imports mainly petroleum and petroleum products, plastics, machinery, vehicles, iron and steel, wheat and paper. Its main trading partners are: the United States, European Union, China and Brazil. Peru exports were worth US$3.083 billion in October of 2010. Peru’s major exports are fish products, minerals (gold, silver, copper, zinc, lead), agricultural products (coffee, asparagus), petroleum products, and textiles. Peru’s main exports partners are the United States, European Union and China. Peru imports were worth US$2.659 billion in October of 2010. Peru’s major imports are petroleum and petroleum products, plastics, machinery, vehicles, iron and steel, wheat and paper. Its main import partners are United States, China, European Union, Brazil and Ecuador. Venezuela Venezuela reported a trade surplus equivalent to US$74.46 billion in the third quarter of 2010. The petroleum sector accounts for around 80% of Venezuela’s export earnings. Thanks to petroleum exports, the country usually posts a trade surplus. Venezuela imports mostly raw materials, machinery and equipment, transport equipment and construction materials. Its main trading partners are: the United States (49% exports, 24% imports), European Union and Brazil. Venezuela exports were worth US$15.49 billion in the third quarter of 2010. The economy of Venezuela is based in large part on oil. The petroleum sector accounts for around 80% of export earnings. Venezuela also exports steel, aluminum, transport equipment, textiles, apparel, beverages, and foodstuffs. The United States is Venezuela’s leading trade partner. Venezuela imports were worth US$9397 billions in the third of 2010. Venezuela imports mostly raw materials, machinery and equipment, transport equipment and construction materials. Its main import partners are United States, European Union, Brazil, Colombia and China. Figure 4 Peru’s Imports and Exports (IM/EX) in 2010 (Jan.-Oct.) (Billion USD) 3.5 3 2.5 2 1.5 1 0.5 0 Data Source: TradingEconomics.com Figure 5 Venezuela Balance of Trade in 2010 (Q1-Q3) (Billion USD) 100 90 80 70 60 50 40 30 20 10 0 Q1 Q2 Q3 Data Source: TradingEconomics.com Figure 6 Venezuela’s Imports and Exports (IM/EX) in 2010 (Q1-Q3) (Billion USD) 18 16 14 12 10 8 6 4 2 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct EX Q1 Q2 Q3 EX IM IM Data Source: TradingEconomics.com 25
Page 1: CHINA’S F REIGN TRADE The Export-
Page 5 and 6: (MIIT) announced Tuesday to carry o
Page 7 and 8: A liquefied natural gas carrier is
Page 9 and 10: EYE ON CHINA 90 Spring Festival I C
Page 11 and 12: INVESTMENT Robust trade between Chi
Page 13 and 14: Potential areas of investment which
Page 15 and 16: INVESTMENT BlueStar buys Norwegian
Page 17: Second, Exchange Rate Fluctuation.
Page 21 and 22: INVESTMENT China invests in Canada
Page 23 and 24: ministration proposed National Expo
Page 25: INVESTMENT Latin America Lessons fo
Page 31 and 32: INVESTMENT China to forgive half of
Page 33 and 34: “I stayed in Ethiopia and Kenya f
Page 35 and 36: 2011 Congratulatory Messages For Th
Page 37 and 38: Asia Bahrain 2011 On the auspious o
Page 39 and 40: Europe Albania 2011 On the eve of t
Page 41 and 42: Europe Russia 2011 Poland Dear read
Page 43: Africa Niger 2011 North America On
Page 48 and 49: Shift to Prudent Monetary Policy by
Page 50 and 51: Encourage to Boost Imports By China
Page 52 and 53: Equal Emphasis on the system of Aff
Page 54 and 55: A New Round of Reform on Income Dis
Page 56 and 57: voices and views Experts’ Views o
Page 60 and 61: China Searching for Something By La
Page 62 and 63: Chart 7: Searches for food prices S
Page 64 and 65: China’s Outdoor Industry, Filled
Page 66 and 67: natural resource more often and mor
Page 70 and 71: A Booming Market for Foreign Cosmet
Page 72 and 73: ands and lift the consumption level
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Technology Alibaba to Expand Supply
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Business TIPS Q&A for Foreign Busin
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ON STAGE Lifestyle 2/4/2011-2/8/201
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ART & GALLARY Lifestyle Lost Horizo
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THIS IS CHINA Touring Mt. Lu: Feeli
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THIS IS CHINA Brief introduction to
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Spr ng Fest val I Can't Understand
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Culture Why Chinese Lunar Chinese s
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Statement From January 2011, Issue
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F REIGN TRADE - 中国国际贸易促进委员会

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