According to CAN Secretary General Jorge Hernando Pedraza in a statement presenting the regional group’s external merchandise trade statistics for 2021, China was the main export destination with 19.3%; in second place is the United States, with 18.5%, then the European Union, with 11.8%.
Moscow: US aims to limit Latin American ties with Russia and China
These statistics come from the National Institute of Statistics of Bolivia (INE), the National Administrative Department of Statistics of Colombia (DANE), the Central Bank of Ecuador and the National Superintendence of Customs and Tax Administration of Peru (SUNAT).
In 2021, the main products imported by the CAN were diesel, mobile phones, light petroleum or bituminous mineral oils, tetraethyl unleaded gasoline for aircraft engines and hard yellow corn, excluding seedlings.
In Latin America, China is the largest trading partner for many countries. If you exclude Mexico, China is #1. Brazil, Argentina, Chile, Peru… all depend on China for exports of soybeans, copper, etc.
China is also investing heavily in infrastructure through the Belt and Road Initiative (BRI) pic.twitter.com/xM6T0REpCt
– Global Politics (@Geopol2030)
June 22, 2022
On May 26, 1969, five South American countries (Bolivia, Colombia, Chile, Ecuador and Peru) signed the Cartagena Agreement with the aim of improving the standard of living of their inhabitants through integration and cooperation. economic and social, thus launching the Andean Integration process, called CAN.
China is strengthening its relations with Latin American countries in different fields, including economic and military, amid aggressive US policies against some countries in the region.