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United States-Latin America and the Caribbean Trade Developments 2023

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United States-Latin America and the Caribbean Trade Developments 2023

Autor institucional: NU. CEPAL Physical Description: 64 pages. Editorial: ECLAC Date: November 2023 ECLAC symbol: LC/WAS/TS.2023/6

Description

United States trade in goods fell by 3.9% year-on-year in the first six months of 2023, ending a recovery that started in 2021. This was a result of goods exports declining by almost 1% and goods imports by 6.3%. In contrast, in 2022, United States services trade reached a record high, with US$ 697 billion in imports and US$ 929 billion in exports. United States-Latin America and the Caribbean Trade Developments provides an overview of selected developments in trade relations between the United States and Latin America and the Caribbean. In light of the global focus on the climate crisis and the specific emphasis of President Biden’s trade policy agenda on advancing a sustainable environment and climate path, this year’s report includes a section on United States trade in circular economy goods.

Table of contents

Introduction .-- I. United States trade .-- II. United States Trade relations with China .-- III. Trade and the circular economy .-- IV. United States‐Mexico‐Canada Agreement (USMCA).