According to the Economic Commission for Latin America and the Caribbean (ECLAC), exports from Latin America will grow strongly again in 2017, after five years of decline.
Latin American exports have grown 10% in 2017 after five years of decline caused by the worldwide economic crisis and a dynamic strategy of offer and demand from China ( a country with an excellent trading relationship with us).
According to the Economic Commission for Latin America and the Caribbean (ECLAC), this 2017 will leave behind half a decade of falling prices in its export basket and the weak increase in export volume. They expect an increase in imports of at least 7%.
It is important to highlight the regional increase that occurred between 2012 and 2016, when exports and imports from Latin America decreased due to the massive fall in world demand. In 2016, the region registered a fall of 3.3% in its sales, while imports fell by 8.6%.
A tangible proof of this increase can be seen during the first eight months of the current year, which led to an increase of 23.6% of exports in Peru. If you are interested in knowing more about it you can see the entire article here.
In terms of countries, exports from Brazil are expected to grow 18%, Mexico 9%, Argentina 1.8%, Colombia 16.5%, Uruguay 23.8%, Peru 14%, Ecuador 10.8%, Chile 10 , 3%, Costa Rica 9.3%, Honduras 29.6%, Nicaragua 23.5%, Panama 1.3%. For its part, Venezuela, which in 2016 had a strong contraction of its exports (25.4%), will also increase its sales 4.9% this year despite its political and economic crisis.
Regarding the areas that will most likely increase its volume of exports in Peru; farming products are a solid offer that has been increasing a lot, as shown in this note. Overall, Peru is expected to keep performing as one of Top 3 agricultural exports in the region.
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Photo by El Comercio