1. Latin America and China enjoy good relations
On June 12, 2023, Honduras officially signed a memorandum of understanding on jointly building the "Belt and Road", increasing the number of Latin American countries participating in the "Belt and Road" initiative to 22. On August 31 of the same year, the China-Nicaragua Free Trade Agreement was officially signed. This is China's fifth free trade partner in Latin America, following Chile, Peru, Costa Rica, and Ecuador.
2. Latin America's economy is performing well
According to the GDP data released by the International Monetary Fund in April 2023, Mexico, Brazil, and Argentina are all among the top 20 in the world, while Uruguay, Colombia, Chile, and Peru are also among the top 50.
II. Analysis of China's Exports to Latin America
In July 2023, China's exports to Latin America reached US$21.846 billion, with cumulative exports of US$140.755 billion from January to July.
Currently, China has become the second largest trading partner of Latin America, and Latin America has become an important export market for China.
Among the Latin American countries that import from China, the top ten countries by export value are shown in the figure above. Mexico and Brazil are far ahead in terms of export value, together accounting for more than half of the total. Chile, Colombia, Argentina, and Peru follow.
2. What does China export to Latin American countries?
For ease of statistics, only the top 5 countries are currently used as representatives to analyze the types of products they import from China.
The top ten exported products include LCD flat panel display modules, smartphones, color TV receivers, and sedans. Aluminum alloy products, photovoltaic cells, luggage, integrated circuits, air conditioners, and printed circuits are also popular locally.
Photovoltaic components and floating or submersible drilling or production platforms have significantly higher values than other products. Inverters, wireless phone parts, herbicides, ammonium sulfate, and polyester textured filament dyed fabrics are also among the top ten. In addition, color digital receivers, electric passenger vehicles, integrated circuits, pneumatic rubber tires, lithium batteries, luggage, video games, toys, and gear transmission shafts are also popular.
Photovoltaic cells, smartphones, and lithium batteries are among the top three most popular products, followed by portable automatic data processing equipment, passenger cars, other trains, toys, chemical fiber knitted crocheted clothing, and sedans (ranks 4-10). In addition, pneumatic rubber tires, grinding balls and similar products for grinding machines, shoes and boots, chemical fiber cold-proof clothing, fish oil and its products, cotton socks, and steel plates also account for a considerable proportion.
Among the products imported by Argentina from China, the proportion of handheld wireless phone parts is the largest, followed by caprolactam and its derivatives, air conditioners, smartphones, and other non-halogenated organophosphorus derivatives. In addition, unnamed compounds containing a non-fused pyridine ring in their structure, motorcycles, lithium batteries, toy models, other optical communication equipment, other valves, and photovoltaic components are also popular.
● Colombia: Among the products exported from China to Colombia, smartphones, photovoltaic cells, and portable automatic data processing equipment account for a considerable proportion. Pneumatic rubber tires, toys, motorcycles and bicycles, iron or non-alloy steel rolled plates, television receivers, and work clothes are also among the top ten. In addition, polyethylene terephthalate chips, other alloy steel cold-rolled sheets, motorcycle parts and accessories, pneumatic tires, luggage, polyester textured filament ≥85% dyed fabrics, herbicides, and LED lights are also popular. Although there are differences among various countries, China's export advantages to Latin America are concentrated in industrial finished products and parts such as smartphones, lithium batteries, photovoltaic cells, vehicles and parts, steel, and chemicals, as well as consumer goods such as furniture, clothing, and toys.
III. Exhibition Recommendation
2024 Colombia International Industrial Exhibition FIB
Exhibition Time: September 23-27, 2024
Exhibition Cycle: Biennial
Exhibition Location: Bogota, Colombia
Organizer: Shandong Zhenghe International Exhibition Co., Ltd.
In recent years, the South American market has continued to heat up. With economic development, Colombia's economic structure has also undergone tremendous changes. The proportion of agriculture, including forestry, fishing, and hunting, in the GDP has decreased from 39.6% to 17.4%, while the proportion of industry (including mining, construction, gas, water, electricity, and manufacturing) has increased from 16.8% to 34.8%, mainly importing machinery and equipment, chemical products, textiles, and metal materials. Data shows that From January to November 2023, China's total exports to Colombia amounted to US$1,139,546.36 million. China mainly exports telephones, computers, steel, organic chemicals, vehicles and parts, etc., while mainly importing crude oil, nickel iron, waste copper, rawhide and leather from Colombia. China is Colombia's second largest import source and second largest export market.
The Bogota Industrial Exhibition started in 1954 and is held biennially, organized by CORFERIAS, the largest exhibition company in Colombia. As the largest and longest-running industrial exhibition in Colombia, its influence has covered the entire South American region.
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Machine tools and metal processing technology
Metal cutting machine tools, metal forming machine tools, gear processing machine tools, surface treatment, testing equipment, cutting tools, automation equipment, measuring instruments, electric spark cutting equipment, welding equipment and technology, plasma, water jet, laser and oxygen cutting equipment, industrial equipment, fluid and lubrication systems, air, hydraulic and pneumatic automation; pneumatic and manual tools, control technology, robotics, diagnostic sensing technology, peripheral equipment and services, various machine tool accessories.
(1) Subcontracting and subcontracting: castings and forgings, bearings, fasteners, finished metal parts, solid forming, non-cutting technology parts, machined metal parts, auto parts, component assembly and metal structures, tools and die making, standard parts, molds, auto parts, locks and accessories, plastic and rubber processing, production assembly services, metal furnaces, annealing furnaces, etc.
(2) Materials: steel, aluminum and other metals, ceramics, polymers (engineering materials), composites and various other industrial materials and compounds.
(1) Fluid Power Transmission: Hydraulic technology, pneumatic technology, sealing technology.
(2) Mechanical transmission, components and manufacturing equipment, technology: gear transmission, chain transmission, belt transmission, transmission connecting pieces, fasteners, various mechanical equipment and testing instruments, bearings and bearing components, linear motion systems, linear motion drive components/systems, linear motion systems, electromechanical actuators, etc., electrical transmission, compressed air technology.
(1) Electrical Transmission: General industrial motors, special industrial motors, servo motors, general small motors, special design small motors, frequency converters, inverters and components, electric drive control systems, electric speed regulators, electromagnetic equipment, magnets, electric motor components, etc.
(2) Electrical Engineering: Control technology, measurement technology, regulator technology, industrial computers, network/industrial communication, radio automation, embedded systems, sensor systems, industrial image processing, testing equipment.
(3) Mechanical Engineering: Automated production lines for automobiles, aircraft, ships, and high-end machinery manufacturing, robotic arms, intelligent production, assembly equipment and technology.
(4) Robotics: Welding robots, painting robots, handling robots, assembly robots, Cartesian robots, other industrial robots, etc.; industrial image processing systems; industrial lenses, industrial cameras, light source systems, machine vision integrated system accessories and auxiliary products, etc.
(5) Automated Instrumentation: Intelligent instruments, transducers, regulators, flow meters, control valves, actuators and control valves, positioners, weighing devices, sensors, etc.
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Refrigeration, Air Conditioning and Ventilation Equipment
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Engineering and Mining Machinery
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Energy Technology and Equipment
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Logistics and Transportation
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Security Equipment and Technology
Shandong Zhenghe International Exhibition Co., Ltd.
9th Floor, Xiangtai Plaza, No. 129, Yingxiongshan Road, Shizhong District, Jinan City, Shandong Province
Wang Liying: 0531-86078151/15054170277
Wu Liming: 0531-86975005/18766128077
Duan Qi: 0531-82761908/13969146912
Email: zhenghefair@126.com
Website: www.brightway.com.cn
