All of the Americas to the south of the U. S form the Great Latin America. More than 40 countries belong to the amalgamation. Antigua & Barbuda, Aruba, Bahamas, Barbados, Cayman Islands, Cuba, Haiti, Jamaica, Martinique, Puerto Rico and St. Lucia are some of the major Latin American countries in the Caribbean. Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama constitute the Central Latin American frontier. In the South, Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, French Guiana, Guyana.
Paraguay, Peru, Suriname, Uruguay and Venezuela are collectively known as the Southern Latin American nations. Remarkably, Mexico happens to be the only Latin American nation in the north. Latin America is a name given to all regions of the Americas that were a part of the Spanish and Portuguese Empires in the past most of which speak languages originating from Latin. Let us discuss how export business impacts the economies if some of three major of these Latin American Nations: Mexico, Brazil and Peru.
The following is an Export-Import level graph of Mexico from 1984-2005: The 10th largest economy of the world, Mexico, today is one of the leading export market countries of the world. The development of the nation over the years has been essentially as a result of the massive levels of export to some of the major countries of the world. Today, Mexico stands tall upon one of the world’s strongest macroeconomic foundations. Such is the level of production and self sufficiency that Mexico remained almost uninfluenced by the great 2002 South American crisis.
An increased per capita income in the incredibly stable Mexican economy is yet another remarkable feature. Manufactured goods, silver, oil products, coffee, cotton, fruits and vegetables are the major exportable items in the Present Mexico. A survey revealed that exporting to United States, Canada, Germany and several other nations of the world brought more than US $ 189,159 million in the year 2004. The Mexican GDP, in 2006, in purchasing power parity, was estimated at US $1. 353 trillion in 2006, and $886. 4 billion in nominal exchange rates.
Again, in the year 2007, the World Bank reported that the country’s Gross National Income in market exchange rates was only next to Brazil in the whole of Latin America, standing at US $820. 319 billion. Various survey reports in 2006 reveal that the service sector of the country is the largest component of GDP at 70. 5%. This is followed by the industrial sector at 25. 7% and agriculture at 3. 9%. The Mexican labor force is projected at 38 million, 18% of which is engaged in agriculture, 24% in industrial production and a massive 58% in the service sector.