Coronavirus pandemic infects LatAm exports

• The value of exports from Latin America fell 3.2% in the first quarter this year as the economic effects of the coronavirus pandemic exacerbated a downward trend that started in early 2019 , the Inter-American Development Bank (IDB) said in a report published on Wednesday.
• The IDB analyzed trade in 15 countries in Latin America and found that a slump in global demand led to lower prices and a 1.2% drop in export volumes in the region.
• The value of exports from South America dropped 7.6% year-on-year in the first quarter this year, while exports from Mexico slipped 0.6% as the pandemic reached the United States, their main market. Exports from Central America, however, rose 9.1% in the first quarter, led by increases of 16.9% in Guatemala and 9.4% in Costa Rica.

(Source: Latin finance)