Latin America Received 7% of China's Exports of Steel Manufactured Goods in First Half of 2013
08/07/2013 - Indirect trade (exports of manufactured goods with significant steel content) from China to Latin America reached US$ 20,870 million during the first six months of 2013, representing a 7% share of total Chinese exports, a figure in line with that registered during the first half of 2012.
Between January and June 2013, the countries that received more manufactured goods with significant steel content from China were Brazil (US$ 5,270 million) and Mexico (US$ 4,410 million), representing 25% and 21% of the Latin American total respectively.
Compared to the same period of 2012, Brazilian imports from China decreased 4% while Mexican increased 5%. Argentina (41%) and Peru (31%) considerably increased their imports of manufactured goods with significant steel content.
During the first six months of 2013, manufactured goods with significant steel content most imported from China were: cars and commercial vehicles (US$ 3,354 million), office machines (US$ 3,290 million) and equipment and machinery (US$ 2,651 million). The sum of these three categories represented 45% of steel indirect trade from China to the region.
Alacero — the Latin American Steel Association — is the organization that brings together the steel value chain of Latin America to promote the values of regional integration, technological innovation, corporate responsibility and social and environmental sustainability. Founded in 1959, Alacero is formed by 51 companies of 25 countries, whose production — of about 70 million tons annually — represents 95% of the steel manufactured in Latin America. Alacero is a special consulting organization to the United Nations and is recognized as international non-government organization by the Republic of Chile, host country of Alacero’s headquarters.
