In recent years China has become a leading player in many areas of Latin America: economic, commercial and investment-related. The country is now one of the main trading partners of Brazil, Argentina, Chile, Peru, Uruguay and Mexico, and is rapidly increasing its presence in Central America and the Caribbean.
Bilateral trade
Latin America exports mainly raw materials and food to China (soy, copper, iron, oil, beef) and imports manufactured goods, machinery, technology and consumer products.
Investment and infrastructure
Chinese companies finance and execute large infrastructure projects: railways, ports, power plants, telecommunications, mining. The Belt and Road Initiative also reaches the region with strategic agreements.
Opportunities for SMEs
Beyond the headlines, the relationship with China is also a great opportunity for SMEs. Importing finished products or components allows local companies to compete on price and to diversify their offer.
How to take advantage
Working with a partner that knows both realities makes the difference. At MingTa Group, with offices in China, Hong Kong and Argentina, we accompany Latin American companies in their entire purchasing process. Contact us to design your strategy.