South America's economic recovery fueled by raw material exports and an expansion of trade with China.
South America's economic recovery has been carried in part by an increase in raw materials trade with China. This puts the region "on track" to realize pre-crisis levels of trade growth.
"The South-American region is back on track to recuperate the pace of trade growth. Although there is no specific information, some of the characteristics of Latin American recuperation may become permanent for South-American countries."
Sources:Internacional Nacional Foro, March 2010, page 4: