The Andean country saw bilateral trade up 19.4 percent in the first half of this year.
The United States’ trade with Latin America saw a slight decline in the first half of 2013 when compared with a year earlier, with bilateral commerce down 0.8 percent. This owed to a 2.9 percent increase in exports to the region, but a 4 percent decline in imports. In total, bilateral commerce between the United States and the region accounted for almost $405 billion. Still, the United States maintains a $20 billion trade deficit with Latin America: while imports from the region were down slightly, reaching $212.6 billion, exports to the region, though up, reached $192.2 billion.
Of the total, almost 60 percent accounted for trade with Mexico alone, which remains by far the United States’ largest trading partner in the region. Bilateral trade with the United States’ NAFTA partner was eight times as much as with Brazil, the country’s second largest trading partner, with $249.1 billion compared to Brazil’s $34 billion. Bilateral trade with Mexico was up 1.1 percent in the first half of the year, with U.S. exports to Mexico up 4.4 percent to $110.7 billion, and imports from Mexico down 1.4 percent to $138 billion. Together this was a 1.1 percent increase over the same period last year.
Brazil and Venezuela were the United States’ second and third largest trading partners in the region, though both saw steep declines in bilateral trade. Bilateral trade with Brazil was down 10.5 percent to …
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