One cannot say that Latin America has risen like a phoenix from the ashes of late, but at least the region's trade has recently returned to ruder health. The maritime consultancy Dynamar has analysed the latest trends for the continent. Declining volumes of trade over a certain period of time seem to have caused even the larger maritime carriers and bigger logisticians to largely lose interest in Latin America. Between 2013 and 2017, South America's goods trade shrank by 20%, or approximately USD 222 billion, in the end falling below USD 1 trillion (USD 897 billion). The nadir was attained in 2015, when the value of all goods traded fell by a rather dramatic 19%. Volumes declined by 5% annually on average over the entire period.
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