The People’s Republic of China and Latin America: the impact of Chinese economic growth on Latin American exports

Perrotti, Daniel E.

2015-12-21T19:08:45Z

LC/G.2643-P
3

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The role of the People’s Republic of China in the world economy has grown substantially in recent decades, turning it into a strategic foreign trading partner for much of Latin America. Bilateral trade between the region and China totalled US$ 120 billion in 2009. This study analyses the income elasticity of the region’s exports to the country. The findings show that, assuming real gross domestic product (gdp) growth in China of about 7% a year, the value of Latin American exports to China (at 2005 prices) can be expected to increase by an average of about 10% a year between 2014 and 2019. In a more conservative scenario of 4.5% average annual growth in the Chinese economy over the period, exports would rise by about 7% a year.

MATHEMATICAL MODELS; EXPORTS; TRADE STATISTICS; INTERNATIONAL ECONOMIC RELATIONS; ECONOMIC GROWTH; INTERNATIONAL TRADE; MODELOS MATEMATICOS; ESTADISTICAS COMERCIALES; EXPORTACIONES; CRECIMIENTO ECONOMICO; RELACIONES ECONOMICAS INTERNACIONALES; COMERCIO INTERNACIONAL;