The signs of economic recovery during the last quarter of 2009 portend greater regional trade this year.
The value of total exports from Latin America and the Caribbean in 2009 fell 24% with regard to the previous year due to the global crisis, according to new estimates released by the Economic Commission for Latin America and the Caribbean (ECLAC).
According to the study International Trade in Latin America and the Caribbean 2009: Crisis and Recovery, the value of imports also decreased 25%. Although both exports and imports diminished significantly, the drop is milder than that experienced during the first semester of 2009 (-31% and -29%, respectively), implying a better outlook for 2010.
The 24% contraction in the value of the region's exports represents a combined 15% drop in value and 9% in volume.
"This simultaneous decrease in price and volume is unprecedented in recent history. The last similar situation took place in 1937," states the document.
The economic recovery in the last quarter of 2009 is due, among other reasons, to the partial rise in the price of several commodities, such as copper, zinc, oil, wheat and soya, and the strong demand from China as of the second quarter of last year.
Here is a summary of the report (in Spanish).
The report is available on the ECLAC website (in Spanish only) here.
Gracias por el mensaje de ayuda! Yo no habra llegado a este otro modo!
Posted by: Cartoonami | June 28, 2011 at 10:33 AM
Muchas gracias por escribir esto, era increblemente informativa y me dijo que una tonelada
Posted by: Caryl1987 | July 22, 2011 at 07:09 AM