reply Latin American exports are still resilient in the face of shrinking trade between China and Latin Am

The United Nations economic commission for Latin America and the Caribbean (eclac) recently predicted that Latin American and Caribbean exports would fall by 15 percent in 2020. According to the export data released by various countries in the first quarter, the export situation of Latin America is not optimistic, and the trade with China has also declined.Experts believe that although trade between China and Latin America has shrunk due to the new epidemic, the two economies are highly complementary and trade relations between the two sides will remain positive in the long run.Restrictions and reduced external demand are the main reasons for the decline in Latin American trade, with agricultural and commodity exports falling the most.Argentina's coercive quarantine policy has had a serious impact on exports. Takes up about half of the country's agricultural exports of foreign trade in Argentina, for example, isolation measures taken by the government to the agricultural sector slowed production activities, factories and ports are restrictions lead to staff reduction, customs, quality inspection, banking institutions such as efficiency affected, because of traffic scrutiny to make logistics slow, superposition of these factors lead to the decline in exports.Rodrigo yanez, Chile's deputy foreign minister for international economic affairs, said that before the outbreak, Chile's foreign trade had been affected by both trade frictions and civil unrest. Since the beginning of this year, commodity prices have plunged in the international market and the currencies of emerging market countries have also seen sharp fluctuations against the us dollar.Mr Yanez said Chile's foreign trade suffered in the first quarter as social unrest crippled ports and roads, reduced working hours and commuting for some workers, and the spread of the new outbreak reduced international demand and the supply of domestic exports. Carlos gonzalez Mendoza, director of the economic affairs department of Peru's exporters association, said the fall in world copper prices in the first quarter hurt Peru's mining exports. After the outbreak, Peru port cargo backlog, blocked exports.According to afonso bustamante, President of Peru's association of agricultural exporters, exports of non-traditional products such as grapes, asparagus, avocados and oranges totalled $707m in January, the highest figure for this time of year. The global spread of the disease has led to reduced consumption, which is bound to affect Peru's exports.Although a number of Latin American countries' trade with China declined in the first quarter, industry experts said it did not change the long-term fundamentals of china-latin America trade. The economies of China and Latin America are highly complementary, and trade between the two countries is resilient enough to meet challenges. As more Chinese companies resume production and production and china-latin America cooperation against epidemic diseases continues to deepen, the demand for trade between the two sides remains strong.Raquel Leon DE la Rosa, a China expert at the autonomous university of puebla in Mexico, said China is deeply connected to the world. As an important country in the global supply chain, China's economic development not only affects the domestic market, but also is crucial to the development of the international market. The Mexican government seeks to continue to deepen ties with China and inject more vitality into bilateral trade, which has huge potential.Santiago bustero, a researcher at the argentine-china research center at the university of Buenos Aires, Argentina, says China's trade relations with Latin America are resilient. China has largely contained the outbreak in a short period of time, and companies are returning to production, which means there is renewed domestic demand for Latin American goods. China's consumer market has been reactivated, and goods from Latin America are still popular with Chinese consumers, which will boost Latin American exports.China has the strength to sustain economic growth, Latin American countries have the will to expand markets and increase exports, and the "resilience" of trade between China and Latin America can cope with external factors, bustero said. At present, Latin American countries are generally facing export pressure. As the most important trading partner of Latin America, China will bring opportunities for Latin America to get out of difficulties.