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The global downturn arrives in South America

 
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mises



Joined: 05 Nov 2007
Location: retired

PostPosted: Wed Feb 25, 2009 6:54 pm    Post subject: The global downturn arrives in South America Reply with quote

Quote:
Argentine exports plunge 36 percent amid downturn

http://www.iht.com/articles/ap/2009/02/25/business/LT-Argentina-Exports.php
Quote:

LIMA, Feb 7 (Reuters) - Peru's trade surplus shrank to $3.16 billion in 2008 from $8.36 billion the previous year as prices for metal exports fell, the government said on Saturday.

The value of exports slid 30.7 percent to $1.95 billion in December as mineral shipments abroad, particularly copper exports, dropped, the bank said.

http://www.reuters.com/article/marketsNews/idUSN0748820420090207
Quote:

SANTIAGO, Feb 9 (Reuters) - Plunging copper export revenue
and sagging domestic demand drove Chile's trade surplus down 71
percent in January to $667.8 million, central bank figures
showed on Monday, as the impact of global economic crisis
deepened.

Exports in January were $3.834 billion, a fall of 41
percent from the $6.532 billion exported in the same month in
2008, while imports for the month fell 25.5 percent to $3.166
billion from $4.250 billion for the same month a year earlier.

http://uk.reuters.com/article/marketsNewsUS/idUKN0950513320090209

Quote:
Brazil�s exports fell 29 percent to $9.8 billion, the biggest month-over-month drop since 1991, while imports declined to $10.3 billion from $11.5 in December, the ministry said. Economists expected a deficit of $843 million, according to the median forecast in a survey of 14 analysts.

http://www.bloomberg.com/apps/news?pid=20601086&sid=aPC90hT.bG1k&refer=news
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