The regional market is the main destination for Latin American exports in terms of company participation, concluded an analysis by the Economic Commission for Latin America and the Caribbean (ECLAC).
In recent years, the number of companies that exported to that market fluctuated between 31 and 84% of the universe of exporting companies in eight countries of the region, which places it in the first place in all of them, except in the case of Mexico.
In the same countries, 94% of the firms that exported to the regional market were micro, small and medium-sized enterprises (MSMEs).
The region is the main destination for the national added value exported by Argentina, Bolivia (Plurinational State of), Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Paraguay, the Dominican Republic and Uruguay.
Countries that allocate the largest share of national value added to the United States include Mexico, Colombia, Ecuador, and Venezuela.
Finally, Brazil, Chile and Peru allocate the largest proportion of their national added value to Asia (mainly natural resources).
The share of intraregional imported content in the region’s total exports averages just 3%, and fluctuates between 1% (Venezuela) and 12% (Colombia).
In Brazil and Mexico it is 3 and 2%, respectively.