China’s Latin America Deficit Jumps Fourfold
Chile replaces Mexico as China’s second-largest trading partner in Latin America.

Reprinted from the Latin Business Chronicle

September 1, 2010

By JOACHIM BAMRUD

China’s trade deficit with Latin America jumped fourfold to $8.9 billion last year, according to a Latin Business Chronicle analysis of data from the International Monetary Fund (IMF).

"A deeper dive into country-by-country trade reveals that China's deficit with the region is in large part due to imports of raw materials from countries such as Chile and Brazil,” says Mark Ludwig, president of Variant Advisors. “These figures further underscore the view that China is less interested in what Latin America makes, and more in what it has."

To read the full article please visit the Latin Business Chronicle.