INSUBCONTINENT EXCLUSIVE:
In 2023, trade between Latin America and China dramatically soared to an unprecedented record of $480 billion.This surge positioned China as
billion in 2000, showcasing a dramatic growth over two decades.This trade balance slightly favored Latin America with a $2 billion
(Photo Internet reproduction)This dynamic has expanded access for local consumers and businesses while impacting some local
high at $122 billion, resulting in a $63 billion surplus, making Brazil one of the few global economies to maintain a trade surplus with
China.Fifteen trade agreements signed in 2023, worth about $10 billion, are expected to deepen this partnership.Chile and Peru trail Brazil
with a $13 billion surplus, with China being its top trading partner since a 2009 agreement.Mexico contrasts with these nations, facing a
Trading PartnerEcuador is becoming a significant trade player with China, with exports reaching $7.9 billion and a $1.9 billion surplus in
2023.Following a new trade agreement, exports are expected to increase by 30% over the next three years.
