Monday, May 23, 2022
name of Prensa Latina
Bandera inglesa
English Edition
name of Prensa Latina



Latin America tries to overcome pandemic´s commercial impact, says ID

Latin America tries to overcome pandemic´s commercial impact, says ID

Washington, Jun 8 (Prensa Latina) Latin American trade flows have recovered in the first quarter of 2021 after being hit by the Covid-19 pandemic, the Inter-American Development Bank (IDB) reported.
Share on facebook
Share on twitter
Share on whatsapp
Share on telegram
Share on email

In its latest Estimates of Trade Trends for Latin America and the Caribbean, IDB pointed out that swift trend is mainly due to increased export prices, yet today´s indicators still show fragile pattern.

Regional export value went up 8.9% year-on-year in the first quarter of 2021 after a 9% slowdown in 2020, IDB reported.

Such a performance is due to the fact that the prices of some key exported staples improved, but real flow continued to decline, IDB warned.

According to Paolo Giordano, chief economist at IDB’s Trade and Integration Sector, the recovery is limited by a great number of uncertainty factors in the context of new coronavirus contagion waves deeply affecting some Latin American nations.

Likewise, Giordano said, the region is not fully capitalizing on the momentum generated by its two major trading partners´ economic growth, the United States and China.

In South America, mainly benefited by China´s demand, foreign shipments rose to 14.4% year-on-year in the first quarter of 2021, after dropping 9.5% in 2020.

pgh/Pll/msm / crc

name of Prensa Latina

| Text SMS to 8100 with content PL
Receive 4 mesages x 25 cup

© 2016-2021 Prensa Latina
Latin American News Agency

Radio – Publications  – Videos – News by the minute.
All Rigts Reserved.

St. E No 454 , Vedado,  Habana, Cuba.
Phones: (+53) 7 838 3496, (+53) 7 838 3497, (+53) 7 838 3498, (+53) 7 838 3499
Prensa Latina © 2021 .

Web Site developed by IT Division  Prensa Latina.