South America Trade Data

South America Trade Data

In South America, efforts to boost private consumption and investment, particularly in the commodity-exporting countries in the region, are anticipated to enhance the expansion of trade volumes, according to the World Bank. However, longer-term forecasts are clouded, in some countries, by political uncertainties and fluctuations in demand for valuable South American commodities from China. 

Growth prospects for countries ruled by moderate governments – such as Argentina, Colombia, Peru and Chile -- are generally expected to continue strong, as those governments make structural reforms aimed at boosting the private sector. Elsewhere, political uncertainties could discourage investment and hinder growth prospects. Disruptions from natural disasters, negative spillovers from international financial market turbulence or a rise in trade protectionism, and further deterioration of domestic fiscal conditions could also set back the region’s growth, according to the World Bank.

The largest container ports in South America include Santos, Brazil; Buenos Aires, Argentina; San Antonio and Valparaiso, Chile; Cartagena and Buenaventura, Colombia; and Callao, Peru.