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China, the EU and Latin America : current issues and future cooperation
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EmpiricalAnalysis:TradebetweenMERCOSURandChina EU TrendsandFigures 71 犉犻犵狌狉犲3 犕犲狉犮狅狊狌狉 犆犺犻狀犪犜狉犪犱犲犅犪犾犪狀犮犲 2002 2008 犝犛$ 犿犻犾犾犻狅狀狊 Source:PreparedbytheauthorsbasedondatafromAlicewebandSICOEX. Intheperiod20022007 forinstance BrazilianexportstoChinaroseby326 percent 551percentfortheperiod20022008 .Importgrowthratessoaredto fourdigitfigures around 200 percent during the period 20022008. ArgentinastradewithChinafollowedasimilarpatternofgrowthintheperiod 20022007 whenexportsandimportsgrew by372 and1 442 percent respectively seeTable3 犜犪犫犾犲3 犈狓狆狅狉狋狊犪狀犱犐犿狆狅狉狋狊 犃狀狀狌犪犾犆犺犪狀犵犲 Year BrazilChina ArgentinaChina MERCOSURChina Exports Imports Exports Imports Exports Imports 2003 2002 79.8 38 127 118 91 49 2004 2003 20.0 73 95 15 79 2005 2004 25.6 44 21 60 24 48 2006 2005 22.9 49 40 18 51 2007 2006 27.9 58 49 63 33 50 2008 2007 52.6 59 -58 -47 16 20 2007 2002 326.4 712.2 372 442 332 792 2008 2002 550.7 190 97 720 401 974 Source:PreparedbytheauthorsbasedondatafromAlicewebandSICOEX. Nonetheless thegrowthratesoftradebetweenBrazil ArgentinaandChina differedsignificantlyin 2008.Ontheone hand Brazilian exportsto China