Publish in Special Reports - Wednesday, February 11, 2015
Thanks to growing trade with Mexico, US commerce with Latin America picked up last year. (Photo: Cofemer Mexico)
US trade with Latin America sets new record, helped by Mexico.
BY LATINVEX STAFF
US trade with Mexico last year grew by twice the rate of the previous year, helped by a pickup in both US exports to and imports from Mexico, according to a Latinvex analysis of data from the US Census Bureau.
Meanwhile, Brazil has replaced Venezuela as the second-largest Latin American exporter to the United States.
And as in 2013, the Latin American countries with free trade agreements with the United States – which account for more than 80 percent of the region’s US trade -- outperformed the region in terms of trade, exports and imports and as a result increased their share of trade compared with the rest of the region.
Overall, US trade with Latin America grew by 2.5 percent to a record ...
Keywords: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela