Twenty-five percent of Chilean exports go to China. In Brazil and Peru the figure is 15% to 20%. Indonesia, Malaysia, the Philippines, Thailand, South Africa and Colombia have between 10% to 15% of their exports going to the Asian behemoth. Small wonder then that a slowdown in China has such an impact in Latin America and south-east Asia.
The above figures come from a table put together by Société Générale cross asset research (August 24 edition). The table also shows net exports of commodities as a percentage of gross domestic product (GDP) which gives another take on countries that will be hard hit by a China/commodities slowdown. On this list, Russia and Nigeria are vulnerable with between 10% and 20% of GDP accounted for by net exports of commodities.
