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Trade patterns in China-Latin America trade for 1999-05
21 Feb '07
4 min read
By-Commodity Decomposition of China's Import Growth from Latin America,
1999-2005:
By decomposing China's exports to Latin America by commodity composition in 1999 and 2005, two major themes emerge. First, the high values of textile and footwear related Chinese exports that were prevalent in Latin American markets in 1999 have been gradually replaced by Chinese electrical and non-electrical machinery exports, following China's global export trends. Second, China's exports to Latin America have been more concentrated than China's exports to world market, though this disparity has decreased (possibly suggesting convergence with what China maintains a competitive advantage in producing and selling).
When considering the top 10 2-digit HS categories alone, textiles and footwear related products lost approximately 15 percentage points of their share of China's total exports to Latin America between 1999 (29 percent) and 2005 (13 percent).
At the same time, China's electrical and non-electrical machinery exports to Latin
America increased 11 percentage points between 1999 (22 percent) and 2005 (34 percent). This is consistent with China's broader trend of exporting more technically sophisticated machinery to world markets.
By-Country/By-Commodity Decomposition of China's Import Growth from Latin America, 1999-2005:
The textile and footwear products exported by China to Panama, which collectively accounted for a littleover two percent of China's overall exports to Latin America, are more difficult to analyze given their likely subsequent re-exportation to different destinations in the Americas.
1999-2005:
By decomposing China's exports to Latin America by commodity composition in 1999 and 2005, two major themes emerge. First, the high values of textile and footwear related Chinese exports that were prevalent in Latin American markets in 1999 have been gradually replaced by Chinese electrical and non-electrical machinery exports, following China's global export trends. Second, China's exports to Latin America have been more concentrated than China's exports to world market, though this disparity has decreased (possibly suggesting convergence with what China maintains a competitive advantage in producing and selling).
When considering the top 10 2-digit HS categories alone, textiles and footwear related products lost approximately 15 percentage points of their share of China's total exports to Latin America between 1999 (29 percent) and 2005 (13 percent).
At the same time, China's electrical and non-electrical machinery exports to Latin
America increased 11 percentage points between 1999 (22 percent) and 2005 (34 percent). This is consistent with China's broader trend of exporting more technically sophisticated machinery to world markets.
By-Country/By-Commodity Decomposition of China's Import Growth from Latin America, 1999-2005:
The textile and footwear products exported by China to Panama, which collectively accounted for a littleover two percent of China's overall exports to Latin America, are more difficult to analyze given their likely subsequent re-exportation to different destinations in the Americas.
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