Why Export to Latin America?

Are you taking maximum advantage of the growth in Australia-Latin America relations?

• There are more than 200 ASX companies already doing business in Latin America.

• Two-way trade has expanded from traditional reliance on primary products towards services and manufactured goods.

• Australian companies hold $8 billion of Foreign Direct Investment stock in companies in Brazil, Chile, Mexico, Argentina, Peru and Colombia.

• This is more than Australian companies hold in India, Korea and Vietnam combined.

• Brazil and Colombia are in the top five countries for International students in Australia, after China, India and Nepal.

• Argentina, Brazil and Mexico are members of the G20 along with Australia.

• Chile, Peru and Mexico are members of APEC and signatories to the CPTPP.

• Chile was the fifth country in the world to enter into a free trade agreement with Australia.

• Australia also signed a Free Trade Agreement with Peru in 2019.

Facts

• Latin America has over 700 million consumers.

• The Pacific Alliance is a growing market for Australian goods and services exporters. In 2019, total two-way trade in goods and services with Mexico, Colombia, Peru, and Chile was worth $6.7 billion.

• Latin America has a GDP of US $5.1 trillion – 76% higher than the combined GDP of ASEAN states.

• Both Mexico and Brazil are bigger economies than Indonesia.

• By 2030 Mexico and Brazil will be in the top 10 economies of the world.

• Mercosur is the fourth largest trade bloc in the world.