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…
Sino-Brazilian cooperation has advanced rapidly in the twenty-first century. Although its successes have made it a model for South-South cooperation, the relationship also faces many challenges. This study focuses on the trade imbalance and the resultant risk of “deindustrialization” for Brazil, proposing that fostering technology transfer in the context of investments and situating Chinese companies in Brazil are two ways to mitigate its negative effects. However, the main response to these challenges is well-defined, comprehensive development planning by the Brazilian State with a strong com…
La cooperación entre China y el Brasil ha tenido un rápido desarrollo en el siglo XXI. Si bien por los logros obtenidos se ha convertido en un modelo de la cooperación Sur-Sur, la relación también enfrenta numerosos desafíos. Este estudio está centrado en el desequilibrio del intercambio y el consecuente riesgo de “desindustrialización” del Brasil y en él se propone fomentar la transferencia tecnológica entre las inversiones y la localización de empresas chinas como dos formas de mitigar los efectos negativos. Sin embargo, la respuesta fundamental ante estos desafíos consiste en una planificac…
Latin America and the Caribbean accounted for 22% of U.S. foreign trade in the first half of 2023, according to the recent document United States – Latin America and the Caribbean Trade Developments 2023 published by the Economic Commission for Latin America and the Caribbean (ECLAC).…
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…
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…
Declining economic growth and competitiveness, the impact of the 2007–2009 global financial crisis, and the challenge of climate change and extreme weather events have hindered the sustainable development of Caribbean economies, the generation of sustained welfare gains and the achievement of key Sustainable Development Goals (SDGs). Moreover, the COVID-19 pandemic has exacerbated the subregion’s vulnerability to the vagaries of global aggregate demand and commodity prices, which have largely driven the subregion’s debt upwards and dampened economic growth before its onset, compromising its ec…
La firma del Tratado de Libre Comercio de América del Norte (TLCAN), ahora Tratado entre los Estados Unidos Mexicanos, los Estados Unidos de América y Canadá (T-MEC), se tradujo en un incremento significativo de los intercambios comerciales entre los tres países. En los últimos años, ha surgido un debate público sobre qué país se ha beneficiado más en términos comerciales de la firma de dicho acuerdo. El objetivo de este documento es examinar el comercio entre los integrantes del T-MEC, medido en términos de valor agregado. Este enfoque amplía los utilizados en trabajos anteriores, al consider…
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