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CRS83631Epage14
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CRS86570Epage12
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was about 12 percent of the total U.S. trade deficit. 19/ Most of the deteri- oration occurred in the form of a decrease in U.S. exports to Latin America rather than an increase in U.S. imports. Nevertheless, U.S. imports from Latin America have increased, and most of the growth (about 60 percent between 1981 and 1985) has been in manufactured goods. 11/ Some of these products are of industries which
CRS86570Epage01
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CRS86570Epage01
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_ as-57o E _ Congressional Research Service The Library of Congress Washington, D.C. 20540 U.S.--LATIN AMERICAN TRADE: AN OVERVIEW N O E. 0 G E R E? R0 II? William H. Cooper Q N Analyst in International Trade and Finance LE 3 grfl‘ Economics Division Wfimngifl” Umvgmiw May 27, 1986 Government Publications Uni+ AUG021994 Washington Unrvearsityr =Libraries St. Louiis, MO-% 63130
CRS86570Epage13
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of the benefits were going to Mexico and Brazil and other advanced developing countries. Brazil and Mexico together received 13 percent of the GSP benefits in 1983. 19/ 18/ U.S. International Trade Commission. Operation of the Trade Agree- ments Program. 36th Report. 1984. USITC Publication 1725. July 1985. 14/ American Iron and Steel Institute. Annua1*Statistical Report for 1984. Washington. 1985. p. 55. 11g
CRS86570Epage07
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CRS—4 ) But beginning in 1982, these trade trends changed substantially. Between the end of 1981 and the end of 1983, U.S. exports to Latin America declined 43 percent while imports increased 11 percent, leading to a $14 billion trade deficit. Exports increased once again in 1984 and 1985 but not as rapidly as imports. By the end of 1985, the U.S. trade deficit with Latin America had reached $17
CRS86570Epage11
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market has actually declined recently, from 17 percent in 1981 to 13 percent in 1985. Latin America accounted for 13 percent of U.S. imports in 1985, a figure which has remained virtually constant over the years. Latin America, Mexico in particular, has become an important alternative to the Middle East as a source of foreign petroleum for the United States. In 1985, Latin America supplied the United
CRS86570Epage16
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cas-13 America boosted exports by $11.5 billion- The United States bought $11.1 bil- lion, or 97 percent, of these additional exports. 33/ Latin American exporters may face resistance as time American industries and the U.S. Government react to growing trade deficits and import competition. Furthermore, Latin Americans may also confront stiff competition for U.S. markets from other developing
CRS86570Epage14
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. For example, Brazilian law severely restricts imports and other foreign parti- cipation imn the domestic informatics industry, which includes computers and other data-processing equipment. 12/ 11/ Footwear Industries of America. Quarterly Report. Fourth Quarter 1985. pp. 1 and 2. 18/ For more information on legislation pertaining to textile and wearing apparel imports and to footwear imports see U
CRS86570Epage04
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U.S.-LATIN.&MERICAN TRADE: AN OVERVIEW 1. INTRODUCTION AND SUMMARY U.S.-Latin American trade flows have been changing dramatically over the last few years. Since 1982, the United States has incurred trade deficits with Latin America after many years of surpluses. This paper briefly examines U.S.- Latin American merchandise trade to determine, among other things, the causes and possible
CRS86570Epage18
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CRS-15 VIII. CONCLUSIONS The U.S. and Latin American economies are interdependent. Latin America's foreign debt problems have been a significant factor in the deterioration in overall U.S. trade balances over the past few years. The prospects for U.S.- Latin American trade rest, in part, on the ability of Latin American countries to resolve their foreign debt problems. They also depend
CRS86760GOVpage32
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‘ LtBnaAnY OF E wAsH%:Nc-‘nits: ' UNIVERSITY’ gm gr. LOUIS -% M0.
CRS86760GOVpage31
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CAROLINA CONGRESS DISTRICT 22 O9 01 18 08 04 IONAL TOTAL PERCENT 515,102 0.0215 551.827 0.0214 573.551 0.0207 514.58: 10.0208 535.543 0.0202 515.514 0.0202 531,152 0.0192 516.278 0.0188 509.511 0.0184 485.491 0.0183 505,481 0.0180 523.827 0.0174 522.944 0.0174 553.872 0.0188 503.293 0.0155 527,154 0.0150 572.937 0.0135 510.732 0.0135~ 504.244 0.0133 528.298 0.0129 545.921 0.0128 518.787 0.0112 529.835 0.0111
CRS86760GOVpage06
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332 75 DELANARE 01 554,335 755 140 0.1325 152 7 DIST, OF COL. 01 535.333 1.255 101 0.1555 115 77 FLORIDA 01 512.572 2.571 51 0.5013 51 753 FLORIDA 02 513,075 144 355 0.0251 357. 75 FLORIDA 03 512.542 3.774 44 0.7352 45 50 FLORIDA 04 512,557 1. 5* 107 0.2125 105 51 FLORIDA 05 513.010 507 157 0.1153 155 52 FLORIDA 05 513.113 207 335 0.0403 335 53 FLORIDA 07 513.112 521 157 0.1015 150 54 FLORIDA 05 512
CRS86760GOVpage10
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~.1 u) m —» L. (nrLmUHnI» 0)m(DUIb(N .2048 .1607 .1830 .3345 .8653 .3262. .6756 .2148 .1792 .1433 .3247 .5022 .6595 .1416 .3108 .0868 .1945 .2097 .0853 .3707 .0843 .0305 .0479 .0486 .0515 .0449 .0250 .0313 .0446 .0112 .0188 .0291 .0834 .0352 .1230 .0380 .0258 .0111 .1406 .0202 .0321 .0064 .0192 .0760 .0756 .0422 .0833 .0235 .0461 .0641 N-—»N - \j ...b C) ——-3 I) -‘N I5 I'\.) \J (D ‘J \J [2 (U C
CRS86760GOVpage30
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.718 0.0325 NORTH CAROLINA 08 538.303 0.0321 OHIO 14 514,882 0.0318 OKLAHOMA 02 505.070 0.0318 NEERASK 01 523.024 0.0315 MISCONSIL .08 523.188 0.0313 NEN YORK 30 518.838 0.0313 PEN?-.;3\’L1.1'A?1ZA 11 5’5.874 0.0310 TENNESSEE 08 511.805 0.0308 TEXAS 04 527,172 0.0307 HEN YORK 24 515.580 0.0305 OHIO . 17 515.223 0.0305 OKLAHOMA 03 504.288 0.0301 PENNSYLVANIA 17 515.808 0.0288 KENTUCKY 01 525.844 0.0285
CRS86760GOVpage25
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TEXAS 05 525.533 0.1525 MARYLAND 01 525.123 0.1525 TEXAS 03 525.433 0.1503 3ENHSYLVANIA 07 515.737 0.1450 TEXAS 15 527.401 0.1435 NEW YORK 12 515.300 0.1433 NEW YORK 16 516.170 0.1416 NORTH CAROLINA 07 533.055 0.1405 HEW 051351 04 525.100 0.1352 OKLAHOMA 04 505.554 0.137 FLORIDA 15 512.555 0.1375 NEN JERSEY 02 525.111 0.1353 PENNSYLVANIA 03 515.113 0.1331 Nsw YORK 02 515 403 0.1323 DELAWARE. 1 534
CRS86760GOVpage20
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343 SOUTH CAROLINA 08 513.248 200 344 GEORGIA 08 541.723 1 133 345 WEST VIRGINIAA 02 437.433 135 345 WYOMING 01 433.557 V 134 347 GEORGIA 08 543.001 134 343 WISCONSIN 07 522.507 133 343 TEXAS 21 528.322 133 350 OHIO 18 513.215 131 351 NORTH CAROLINA I 02 538,177 183 352 MONTANA I 01 333.238 188 353 LOUISIANA 07 525.437 135 354 ALABAMA 05 543.344 135 355 TEXAS 02 528.832 184 355 NEW HAMPSHIRE 02 453
CRS86760GOVpage26
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.755 0.1215 153 ILLINOIS 01 515.545 0.1201 154 NISSOURI 0 545.137 0.1157 155 FLORIDA 05 513.010 0.1153 155 LOUISIANA 01 525.452 0.1172 157 RROOE ISCAN0 01 474.515 0.1153 155 ARIZONA 01 543.535 0.1155 155 MICHIGAN 12 514.524 0.1135 170 MINNESOTA 05 505.504 0.1135 171 MICHIGAN 02 514 355 0.1132 172 MINNE°OTA 05 505.353 0.1127 173 TEXAS 17 525.525 0.1125 174 TEXAS 11 527.323 0.1121 175 INOIANA 01 547.127

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