Germany Shifts Export Focus to Latin America as China Market Declines

Germany looking to Latin America and the Caribbean for new export markets as China's importance declines
German finance minister wants to accelerate EU-Mercosur free trade agreement
German exports to China dropped over 8% in first half of 2022 vs year before
China now makes up just 6.2% of total German exports, lowest since 2016
Latin America's annual GDP has quintupled in past 30 years to $6.25 billion in 2022, seen as major new market

reuters.com

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Posted 9/15/2023, 4:27:00 PM