Chinese Indirect Trade to Latin America surges 11% in 2012, says Alacero

Steel News  |  2013-02-07 06:23:08   |   By

The statistics released by Latin American Steel Association ( Alacero) states that the shipment of steel-containing goods from China to Latin America recorded a jump year-on-year.

SAO PAULO (Scrap Monster) : The statistics released by Latin American Steel Association ( Alacero) states that the shipment of steel-containing goods from China to Latin America recorded a jump year-on-year.

The total shipment figure for 2012 is $45.6 billion. This transforms to a growth of 11% when compared with the $41 billion shipments recorded in 2011.

During 2012, the main steel-containing imports from China were cars and commercial vehicles ($6.88 billion), office machines ($6.6 billion) and machinery and equipment ($5.4 billion). T

he countries that received the highest volumes of steel-containing exports from China last year were Brazil ($11.2 billion), Mexico ($9 billion) and Venezuela ($4.6 billion).

According to Alacero, the imports of steel-containing goods that increased most between 2012 and 2011 were railway products (+364%), cans and metal packing boxes (+139%) and boilers and steam generators (+131%).

The Latin American countries that had the highest increase in their imports of Chinese steel-containing goods in 2012 were Venezuela (+48%), Mexico (+19%) and Chile (+17%).

The imports to Brazil, Chile, Colombia, Mexico and Venezuela improved year-on-year, whereas imports to Argentina slumped.