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U.S. Exports to Venezuela Grow

U.S. trade with Latin America fell in the first quarter, as did the deficit.


U.S. exports to Venezuela rebounded in March after a decline in February. While U.S. exports to Latin America are falling overall, they are growing by double-digits to Venezuela, according to a Latin Business Chronicle analysis of data from the U.S. Census Bureau.

Total trade with Latin America, however, fell by double digits in March and the first quarter, pulled down by declines in trade with its top partners Mexico, Brazil, Venezuela, Colombia and CAFTA.

All in all, U.S. trade with Latin America reached $112.3 billion in the first quarter, a 24.5 percent decline from the same period last year. U.S. exports fell by 17.9 percent to $51.6 billion, while imports dropped by 29.3 percent to $60.7 billion. The deficit fell by 60 percent to $9.2 billion in the quarter.

In March, total trade reached ...

Keywords: Brazil, CAFTA, Colombia, Mexico, Venezuela

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