According to China's Ministry of Commerce, China's trade volume in 2008 with the Latin American and Caribbean regions continued to maintain relatively rapid growth. Statistics from China's General Administration of Customs show that China's trade volume with the region in 2008 amounted to 143.4 billion USD, up 39.8 percent year-on-year, lower than the 46.1 percent growth rate in 2007. Of China's exports to the Latin American region, mechanical and electrical products accounted for around 50%.
Gh and new technology products, as well as light industrial and textile products, still made up a large proportion. China's top five export markets in Latin America were Brazil, Mexico, Panama, Chile and Argentina.
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