United States trade is showing a healthy recovery in 2021 in both imports and exports of goods and services, although some categories of services are still suffering the effects of the COVID-19 pandemic restrictions. Travel, transport, and tourism have not returned to pre-pandemic levels. In contrast, trade in goods has recovered in all major categories.
United States-Latin America and the Caribbean Trade Developments 2021 provides an overview of developments in United States trade relations with Latin America and the Caribbean. Following the global focus on the climate crisis and the specific emphasis on President Biden’s trade policy on advancing a sustainable environment and climate path, this year’s report includes a section on United States trade in circular economy goods.