United States trade in goods slowed in 2023, ending the recovery following the coronavirus disease (COVID-19) pandemic, as goods exports and imports declined by 2.2% and 4.9%, respectively. The decrease in merchandise trade contrasts with significant improvements in services trade, as exports and imports of services rose by 8.2% and 4.8%, respectively. Recently, exports of digitally enabled services have considerably outpaced those of other services and goods, underscoring their growing importance in the global market.
The relative weight of Latin America and the Caribbean in United States tra…
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 t…
América Latina y el Caribe no sería la región más volátil del mundo en términos económicos, sobre todo si se la compara con otras regiones en desarrollo, indica un estudio publicado en el más reciente número de Revista CEPAL, principal publicación académica de la Comisión Económica para América Latina y el Caribe, de las Naciones Unidas.
La edición N⁰ 139 de la revista (abril de 2023) ya está disponible online en el sitio web de la CEPAL con diferentes artículos de destacados profesores y especialistas internacionales, incluyendo también temas como el papel de los servicios modernos (profesion…
United States trade in goods sustained the recovery that began in 2021. In the first six months of 2022, goods exports increased by 21% compared to the prior-year period, while goods imports rose by 22%. Trade in services has not fully recovered, as major service industries such as travel and transport are still experiencing the lingering effects of the COVID-19 pandemic.
United States-Latin America and the Caribbean Trade Developments 2022 provides an overview of selected developments in trade relations between the United States and Latin America and the Caribbean. In light of the global focu…
The economies of the subregion were hard hit by the COVID-19 pandemic, particularly those dependent on tourism. As a result, the Caribbean has seen a reversal of the hard-won gains achieved in growing their economies and reducing unemployment and inequality. The inflation stemming from pandemic supply chain disruption, which has been exacerbated by the war in Ukraine, has made the sustained uptick in economic performance beyond pre-pandemic levels unlikely, notwithstanding strong growth estimates for 2021 and 2022. The last two years have taught the region that continued ‘business as usual’ is…
En línea con el trabajo de investigación y asistencias técnicas que la CEPAL viene realizando en diferentes países de la región, la Unidad de Financiamiento para el Desarrollo colaboró con apoyo técnico en el lanzamiento del programa CREAR: confianza, reactivación y acceso, que se llevó a cabo el pasado 10 de febrero, de manera virtual, en Bogotá, Colombia.…
Centroamérica es la subregión de América Latina y el Caribe más integrada comercialmente: las exportaciones intrarregionales representan aproximadamente el 30% de sus exportaciones totales y la subregión constituye su principal destino de exportación después de los Estados Unidos. Pese a este elevado nivel de integración en lo que respecta a las exportaciones brutas, la matriz de insumo-producto subregional muestra que el comercio de bienes y servicios, en términos de valor agregado, es menor. Asimismo, se observan patrones de inserción comercial diferenciados entre los países.
De este análisi…
The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, highlighted today the key role that the private sector – and chambers of commerce in particular – and regional integration play in the economic recovery from the coronavirus crisis, while speaking at a high-level, virtual event organized by the Association of American Chambers of Commerce in Latin America and the Caribbean (AACCLA).
The meeting entitled “Forecast on Latin America and the Caribbean” forms part of the Annual Conference of AACCLA, which groups 23 American Chambers of Co…
La Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL), Alicia Bárcena, destacó hoy el rol clave que cumple el sector privado -y en especial las cámaras de comercio- y la integración regional, en la recuperación económica post crisis del coronavirus, en un evento virtual de alto nivel organizado por la Asociación de Cámaras de Comercio de Estados Unidos en América Latina y el Caribe (AACCLA, por sus siglas en inglés).
La reunión titulada “Forecast on Latin America and the Caribbean” se enmarca dentro de la Conferencia Anual de la AACCLA, que agrupa a 23 Cámara…
For many countries, the acceleration of integration into the global economy and multilateral trading system provides an opportunity to access a wider range of goods and services as well as export markets, increasing their economic incomes, and improving the welfare of the citizenry. In particular, preferential trade agreements tend to increase export market access opportunities for the agro-industrial products of developing countries.
While increased market access offers many opportunities for enhancing the economic growth of exporting countries, developing countries are often unable to seize…
The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, highlighted today in Paris, France that the Chinese-led Belt and Road Initiative (BRI) could be a significant opportunity to promote inclusive and sustainable investments.
This Friday, December 7, Bárcena made a presentation at the fourth Silk Road Forum, held in the French capital by the China Center for International Knowledge on Development (CIKD) and the China Development Research Foundation (CDRF), with the support of the Ministry of Foreign Affairs of the People’s Republic of C…
La Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL), Alicia Bárcena, destacó en París, Francia, que la iniciativa propuesta por China sobre la Franja y la Ruta (conocida como BRI por sus siglas en inglés, de Belt and Road Initiative) podría ser una importante oportunidad para impulsar inversiones inclusivas y sostenibles.
Bárcena realizó este viernes 7 de diciembre una presentación en el cuarto Foro de la Ruta de la Seda (Silk Road Forum), realizado en la capital francesa por el Centro Chino para el Conocimiento Internacional sobre el Desarrollo (CIKD, por …
This paper identifies potential for trade between Colombia and the European Union following the implementation of a free trade agreement as from 2013. Predictions of potential are based on estimates produced by the Poisson pseudo maximum likelihood estimator applied to a gravity model, controlling for unobserved omitted variable bias with exporter and importer time-varying fixed effects on a sample of 153 countries, from 1980 to 2012. Untapped potential is found in both directions of trade flows. The results could increase the effectiveness of trade policy and define companies’ expansion plans…
En este artículo se identifica el potencial comercial entre Colombia y la Unión Europea, tras la entrada en vigor de su acuerdo de libre comercio en 2013. Para ello, se realizan predicciones dentro de la muestra sobre la base de estimaciones realizadas con el método de pseudo-máxima verosimilitud de Poisson aplicado a un modelo gravitacional. A continuación, se controla el sesgo de variables omitidas no observadas con los efectos fijos variables en el tiempo del exportador y el importador, en una muestra de 153 países desde 1980 hasta 2012. Se encuentra un potencial sin explotar en ambas direc…
This study analyses the effects of trade facilitation on Chilean exports in 2006-2014. It reviews evidence and studies on trade facilitation and its effects, mainly in South America; and it analyses Chile’s export basket. An extended gravity model is then estimated for Chile’s bilateral trade flow with 89 countries, to measure the effect of trade facilitation during the period analysed. The estimation is performed using static panel data with fixed, random and dynamic effects. The key results show that the estimation that best describes Chile’s export behaviour is that which uses static panel …
En este estudio se analizan los efectos de la facilitación del comercio en las exportaciones chilenas durante el período 2006-2014. Se revisarán las evidencias y los estudios sobre la facilitación del comercio y sus efectos, principalmente en América del Sur, y se analizará el patrón exportador chileno. Posteriormente, se estimará un modelo gravitacional ampliado relativo a flujos del comercio exterior bilateral chileno con 89 países, para medir el efecto de la facilitación del comercio durante el período analizado. Dicha estimación se realizará mediante datos de panel estáticos con efectos fi…
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