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The "China effect" on commodity prices and Latin American export earnings


  • Jenkins, Rhys Owen


The commodity boom between 2002 and 2008 played an importantrole in increasing export earnings from Latin America. Growing demandfrom China for primary products was one factor stimulating the boom.While the direct effects of the growth of exports from Latin Americato China have been extensively explored, the indirect impact of higherChinese demand for commodities on global commodity prices hasreceived less attention. This paper estimates the contribution made bythe growth of Chinese demand to the rise in the prices of the 15 maincommodities exported from the region. On the basis of these estimates,it calculates the total gain for the region as a whole in export revenuesfrom the "China effect" on world prices. It also provides estimates for17 Latin American countries of the net effect of Chinese-induced priceincreases on their trade balances.

Suggested Citation

  • Jenkins, Rhys Owen, 2011. "The "China effect" on commodity prices and Latin American export earnings," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
  • Handle: RePEc:ecr:col070:11471
    Note: Includes bibliography

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    References listed on IDEAS

    1. Calista Cheung & Sylvie Morin, 2007. "The Impact of Emerging Asia on Commodity Prices," Money Affairs, Centro de Estudios Monetarios Latinoamericanos, CEMLA, vol. 0(2), pages 181-224, July-Dece.
    2. Akiyama, Takamasa & Varangis, Panayotis N, 1990. "The Impact of the International Coffee Agreement on Producing Company," World Bank Economic Review, World Bank Group, vol. 4(2), pages 157-173, May.
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    Cited by:

    1. Thibault Fally & James Sayre, 2018. "Commodity Trade Matters," 2018 Meeting Papers 172, Society for Economic Dynamics.
    2. Jacopo Timini & Ayman El-Dahrawy Sánchez-Albornoz, 2019. "The impact of China on Latin America: trade and foreign direct investment channels," Economic Bulletin, Banco de España;Economic Bulletin Homepage, issue JUN, pages 1-11.


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