IDB survey reveals optimism among Latin American exporters

A survey by the Inter-American Development Bank (IDB) released on September 23 reveals that the export sector in Latin America and the Caribbean has “considerably” improved its expectations for the short- and medium-term after the Covid 19 pandemic.

A year and a half after the start of the pandemic, which severely affected global trade flows, 47% of exporting companies in the region considered that international demand will grow in the next three months, while 57% said they expected to increase their sales abroad in the next year.

This assumes a significant increase in optimism compared to 2020, when only 16% and 36% of companies said that export demand would grow in the short- and medium-term, respectively.

The survey, called “Research on Exporting Companies in Latin America and the Caribbean: Seeking to Understand a New Export DNA”, also revealed a recovery in the export trend in the region.

Data show that 35% of companies increased their sales abroad in the first quarter of 2021, compared to just 11% at the beginning of the pandemic. In addition, only 43% of companies experienced a reduction in their shipments, against 77% in the previous year.

Furthermore, almost half of the companies said they will increase their export-oriented investments in the medium term.

Source: State of Minas

To read the full original article, visit the link:

https://www.em.com.br/app/noticia/internacional/2021/09/23/interna_internacional,1308422/pesquisa-do-bid-revela-otimismo-entre-exportadores-da-america-latina.shtml?utm_campaign=semana_39_primeiro_nome_viu_as_ultimas_noticias_do_comex_news&utm_medium=email&utm_source=RD+Station

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