Following 25 months of uninterrupted contraction, exports of goods from Latin American and the Caribbean are growing again. After shrinking by 3.3% in 2016, cumulative growth between January and June 2017 was 13.2%. Similarly, exports of services, which had already picked up in 2016, grew by 9.7% in the first quarter according to the Trade and Integration Monitor 2017, a recent … [Read more...] about The Challenge of Market Competition in the Digital Era
Why Have Exports from Latin America and the Caribbean Grown after Four Years of Contraction?
In Latin America and the Caribbean, it is estimated that the number of exporting firms is close to 112.000. For the universe of exporters, the stagnation of the external markets seen in the last few years meant fewer opportunities to grow through trade. This might be changing. As is described in detail in the latest update of the Latin America and the Caribbean Trade Trend … [Read more...] about Why Have Exports from Latin America and the Caribbean Grown after Four Years of Contraction?
The Stabilization of Prices Favored Regional Exports in 2016
According to Trade Trend Estimates: Latin America and the Caribbean, in 2016, exports from Latin America and the Caribbean have shrunk by an estimated 6%, which points to a tempering of the severe 15% contraction of 2015. Almost every country in the region saw a slowing in the pace of the contraction of foreign sales (Figure 1). Remarkably, starting from August 2016, the region … [Read more...] about The Stabilization of Prices Favored Regional Exports in 2016
Latin America Needs to Adapt to the Downshift in Global Trade
According to the latest issue of the IDB’s Trade and Integration Monitor, Latin America’s exports of goods shrunk at annualized rates of 14.8% in 2015 and 8.5% in the first seven months of 2016. Likewise, exports of services contracted for the first time since the financial crisis (-2.4% in 2015). This two-year downturn marks a contraction phase that is now longer than the one … [Read more...] about Latin America Needs to Adapt to the Downshift in Global Trade
Exports from Latin America: Is There Light at the End of the Tunnel?
The latest Latin America and the Caribbean Trade Trend Estimates indicate that the value of exports from the region fell by 9% year-on-year in the first quarter of 2016. The noteworthy feature is that the rate of contraction slowed vis-à-vis 2015, when the cumulative drop totaled 15%. A comparison with the trade collapse of 2009 reveals that the current contraction, which began … [Read more...] about Exports from Latin America: Is There Light at the End of the Tunnel?