MERCOSUR’s Exports Grew in 2021, but Volume Remained Weak and Diversification was Limited
The increase in international commodity prices played a crucial role in the recovery of exports from the Southern Common Market (MERCOSUR) in 2021, which surpassed 2019 levels. However, even with historically elevated prices in the context of the war in Ukraine, the weak performance of the volumes exported by the bloc and their increasingly limited diversification must not be overlooked, the Economic Commission for Latin America and the Caribbean (ECLAC) indicates in a new document released today. In a new edition of the Foreign Trade Bulletin of MERCOSUR: “Overcoming the coronavirus disease (…