EmpiricalAnalysis:TradebetweenMERCOSURandChina / EU TrendsandFigures 2 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. Intheperiod20022007 , forinstance , BrazilianexportstoChinaroseby326 percent ( 551percentfortheperiod20022008 ) .Importgrowthratessoaredto fourdigitfigures — around 1 , 200 percent — during the period 20022008. ArgentinastradewithChinafollowedasimilarpatternofgrowthintheperiod 20022007 , 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 BrazilChina ArgentinaChina MERCOSURChina Exports Imports Exports Imports Exports Imports 2003 / 2002 79.8 38 127 118 91 49 2004 / 2003 20.0 73 6 95 15 79 2005 / 2004 25.6 44 21 60 24 48 2006 / 2005 22.9 49 9 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 1 , 442 332 792 2008 / 2002 550.7 1 , 190 97 720 401 974 Source:PreparedbytheauthorsbasedondatafromAlicewebandSICOEX. Nonetheless , thegrowthratesoftradebetweenBrazil / ArgentinaandChina differedsignificantlyin 2008.Ontheone hand , Brazilian exportsto China
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