Latin America and the Caribbean: Broadening the Trade Agenda Inés Bustillo Director, ECLAC Washington Office AACCLA’s 44 th Annual Meeting 17 October 2011
The South has driven much of the upturn in international trade GROWTH IN WORLD TRADE AND CONTRIBUTION OF DEVELOPING COUNTRIES, (Percentages) Source: ECLAC, on the basis of data from CPB Netherlands Bureau for Economic Policy Analysis. 2 WORLD: DISTRIBUTION OF EXPORTS, 1985 AND 2010 (Percentages of world trade) a Source: ECLAC, on the basis of United Nations Commodity Trade Database (COMTRADE). a Estimate on the basis of 90% of world exports.
FDI flows into Latin America and the Caribbean surged by 40% in 2010 to reach US$ 113 billion LATIN AMERICA AND THE CARIBBEAN: FDI INFLOWS BY SUBREGION, (Billions of dollars)
China is the year’s news item as an FDI source Traditional investor countries have lost ground, while China and the Latin American and Caribbean region itself (trans-Latins) have become increasingly important as investors LATIN AMERICA AND THE CARIBBEAN: ORIGIN OF FDI, AND 2010 (Percentages)
China has gained a much larger share of the region’s trade in the past decade, unlike the United States, whose share has decreased, and the European Union, whose share is stagnated Source: ECLAC, on the basis of COMTRADE, CEPALSTAT and DOTS. LATIN AMERICA AND THE CARIBBEAN: SHARE OF SELECTED PARTNERS IN EXTERNAL TRADE, (Percentages) ExportsImports 5
The largest trading partners for Latin America and the Caribbean are the region itself and the United States Source: ECLAC, on the basis of national sources. LATIN AMERICA AND THE CARIBBEAN: DISTRIBUTION OF TRADE BY MAIN PARTNER AND REGION, (Percentages of total external trade) 6 Region / countryUnited StatesEuropean UnionAsia Latin America and the Caribbean MERCOSUR Argentina Brazil Paraguay Uruguay Andean Community Bolivia (Plur. State of) Colombia Ecuador Peru CACM Costa Rica El Salvador Guatemala ,140.0 Honduras Nicaragua Chile México Venezuela (Rep. Bol. de) >30>10<30
Export Structure Hemispheric trade dominated by manufactures LATIN AMERICA AND THE CARIBBEAN: STRUCTURE OF EXPORTS BY MAIN DESTINATION, AVERAGE (Percentages of the total) Source: ECLAC, on the basis of United Nations Commodity Trade Database (COMTRADE). 7