U.S. Trade In Goods With Latin America (2001-2010): Trends And Perspectives

Abstract

Between 2001 and 2010, U.S. trade in goods with Latin America grew at an unprecedented 7.04% per year. However, during these years, mostly as a consequence of the rapid growth of trade between China and Latin America, the relative importance of the U.S. as a trading partner of Latin America declined significantly. Projections indicate that, although trade between the U.S. and Latin America will grow, this decline is very likely to continue, thereby contributing to the erosion of U.S. influence on this region of the world.