Ukraine’s Exports, Nubank’s Takeover, and Inflation in Argentina

Welcome to Latinometrics. We bring you Latin American insights and trends through concise, thought-provoking data visualizations. Thank you to our 103 new subscribers!

Today’s charts:

1. Ukraine’s exports to Latin America

2. Nubank has been taking over the banking industry

3. Argentinian inflation put into perspective

Also:

• This week, we’re introducing a new section of our newsletter: Realize Latin America’s Potential — more on that at the bottom.

• Our water accessibility chart is this month’s 13th most upvoted chart on Reddit’s r/dataisbeautiful!

Global Trade 🇺🇦

Visualizing Ukraine's Economic Ties With LatAm

The news of Russia’s invasion of Ukraine prompted a flurry of remarks from Latin American politicians, ranging from explicit condemnation to avoiding direct criticism to even supporting the action, highlighting some of the region’s growing divide. Check out this up-to-date Wikipedia map with each country’s position.

According to the UN Comtrade, Ukraine and Russia export the vast majority of the world’s sunflower-seed oil, while Russia is the world’s leading wheat exporter. In 2020, Ukraine and Russia accounted for around 26% of worldwide wheat exports.

Naturally, we were curious about the trade flow between Latin America and Ukraine. To help visualize our findings, we charted the value of goods that Ukraine exported to Latin America countries in 2020, including the top product category for each. We would’ve never imagined that the Dominican Republic is Ukraine’s top partner in the region.

Banking 📲