US-Latin America Trade: Costa Rica, Panama Growth Leaders

Colombia among winners in exports to the United States

BY LATINVEX STAFF

Panama, which implemented a free trade agreement with the United States on October 31st, is among the growth leaders in U.S. trade with Latin America during the first three quarters this year, according to a Latinvex analysis of data from the US Census Bureau. Meanwhile, trade with Venezuela fell despite a jump in U.S. exports to the South American country.

All in all, US trade with Latin America reached $615.3 billion in the first nine months this year, an increase of 7.1 percent from the same period last year.

U.S. trade with the 11 countries it has free trade agreements with accounts for 79 percent of the total, according to the Latinvex analysis. The 11 countries are Chile, Colombia, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama and Peru. U.S. exports to the 11 countries accounts for 78.2 percent of the total, while imports accounts for 80 percent.

TRADE

In percentage terms, the overall trade growth winner is ...

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Keywords: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela

THE DATA

US-Latin America Trade First Nine Months 2012
Top US Trading Partners in Latin America First Nine Months 2012
Top US Markets in Latin America First Nine Months 2012
Top Latin American Exporters to US First Nine Months 2012