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“Latin America’s trade relationships offer a fascinating insight
into its economic patterns and potential growth avenues.”
OK now here we go… Do you know ?
Latin America’s trade relationships offer a fascinating insight into its economic patterns and potential growth avenues.
Full story: https://lnkd.in/e3D-zPVX
With over $1T worth of goods and services exchanged in 2021 between Latin America and two of the world’s largest economies – China and the US – it’s clear that the region is deeply interconnected with global trade.
Pivotal to this exchange are partnerships like the one between China and Brazil, driven by commodities, and US and Mexico, fortified through substantial North American economic integration.
Surprisingly, Germany – Europe’s industrial powerhouse with just 80M people – saw two-way trade with Latin America reach nearly $60B in 2021.
This figure almost doubles the total bilateral figure between Latin America and the continent of Africa, which houses over 1.2B people.
Intra-regional trade within Latin America topped over $165B in 2021.
Strengthening these commercial links between major economies such as Argentina, Chile, and Colombia, is vital for the region’s long-term growth and development, paving the way for better jobs, opportunities, and increased political integration.
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