US media: Latin American exports strengthen against the trend, trade with China becomes an important support

Bloomberg reported on the 22nd that against the backdrop of US tariff policies disrupting global trade, the export performance of major Latin American economies continues to strengthen. The latest data shows that the export scale of Argentina, Brazil, and Chile will all reach or approach historical highs in 2025.

According to reports, the Argentine government recently released data showing that the country's exports in 2025 will be the second highest in history. Previously, Brazil and Chile also confirmed in data released this month that their exports will both set records in 2025. Bloomberg reported that in the coming days, data related to Mexico and Peru may also show that exports have reached a temporary high.

The report points out that as we enter 2026, many Latin American countries already have some room to respond in terms of trade. Exporters from these countries benefit from improved logistics conditions and are able to direct their goods to emerging markets. Meanwhile, the continued deepening of trade relations with China also provides support for its exports.

The report also mentioned that as the world's second-largest economy, China continues to increase its procurement of Latin American commodities. In 2025, the changes in Latin American trade with China will be particularly evident in the fields of agricultural products and processed agricultural products. China's promotion of diversified procurement sources has driven Brazil's frozen beef exports to increase by nearly 50% year-on-year.

In Peru, China's purchases of gold and copper have driven the country's export growth to China, demonstrating the impact of China's industrial production and energy transformation needs on Latin American trade flows.

According to Alberto Ramos, Chief Latin American Economist at Goldman Sachs, China has become an important trading partner for most Latin American economies.