China is strengthening trade with Latin America and the Caribbean:

Currently, China accounts for 20.9% of Latin America and the Caribbean's total exports, excluding Mexico, marking the sixth consecutive year this share has exceeded 20.0%.
This figure surpasses the US (16.4%) and the EU (12.4%).
China's contribution to Latin America's and the Caribbean's exports has increased significantly by +20 percentage points since 2000.
Meanwhile, the shares of the US and EU have decreased by -15 and -5 percentage points, respectively.

In terms of absolute value, China imports $180 billion from the region each year, compared to $142 billion from the US and $107 billion from the EU.
This occurs against the backdrop of Latin America becoming a major supplier of commodities such as oil, soybeans, copper, iron ore, and various meats to China.
China's global economic influence is increasingly growing.