Hong Kong (dailynewyorknews) – The global economic uncertainty is good news for U.S. exporters and traders in Latin America has been a reduction in purchases by China in favor of closer home providers.
“There are signs of an economic slowdown,” said Mario Nigrini, senior economist at BBVA Banco de Hong Kong CNN, “expects a slight slowdown.”
Mexico, Latin America’s largest importers of Chinese products in the U.S. $ 46 billion in 2010, has experienced growth rates to slow the purchase of 20.5% annual rate in the first half of 2011 to 18.5% in the third quarter to 13% in August, according to data compiled by BBVA.
Brazil has followed a similar trajectory, with reduced growth rates by 37% in the first half of this year to 26% in the third quarter.
A business woman based in Guangzhou fell into their business in China this year. “We see a reduction of 20%,” said Angelica Villegas Botero, Director General Logistics Investment Company, CNN.
Villegas than the normal 150 containers a year, an estimated 130 in 2011.
Its main activity is the export of footwear and clothing from Asia, mainly China, his native country, Colombia. It also has operations throughout Latin America, from Mexico to Argentina.
A charger in Latin America is experiencing a similar drop. “In general, expect Christmas shipments increased mid-July,” said Sebastian Santa Cruz, director of the Chilean shipping company Agunsa-born in Hong Kong,.
Although the vessels crossing the Pacific from Chile loaded with copper to meet the growing demand for Chinese, they are more likely to return empty, once had the textile, footwear and consumer electronics.
But this year’s peak season shipments from Asia to Latin America was a promise not kept. “We have seen our business decline,” said Santa Cruz.
More than half of the NACI-Agunsa Maritime Affairs copper largest exporter in the world, Chile to China. While the reference price of the metal slid about 20% since the beginning of the year, the sender still see growth.
Why? It seems in North America is again in sight.
“I think the ups and downs of the economy, such as the European debt crisis and weak demand in the U.S. hit investors, importers,” Santa Cruz told CNN. “They take fewer risks, not to increase the stocks [in America] and just-in-time are more relevant.”
Villegas agreed. Many customers prefer to pay by the small air delivered within days, rather than go through the months-long process of supply, transport and handling of filled containers from China.
When buying a high-speed and low-risk suppliers closer to and more important.
Villegas said the United States, Brazil and Mexico to supply retailers in Latin America during this downturn in purchases by China.
So this year, Christmas in May, after a long break, made in the United States again.
Source: http://business.blogs.cnn.com/2011/11/23/china-sales-to-latin-america-slow-good-news-for-u-s/
