s10全球总决赛竞猜TR's Office of the Western Hemisphere is responsible for developing, implementing and monitoring U.S. trade policy in the Western Hemisphere.
The Office leads the negotiation and implementation of U.S. trade agreements in the Western Hemisphere, and oversees the administration and operation of these agreements, including the United States-Mexico-Canada Agreement, the Dominican Republic-Central America-United States Free Trade Agreement, and U.S. Free Trade Agreements with Chile, Peru, Colombia, and Panama.
The Office of the Western Hemisphere also manages U.S. trade relations with the Southern Common Market (Mercosur) and the Caribbean Common Market (CARICOM), including bilateral trade councils with Argentina, Brazil, Uruguay and Paraguay. In addition, it oversees U.S. trade preference programs in the region, including the Caribbean Basin Initiative and the Haitian Hemispheric Opportunity through Partnership Encouragement.
U.S.-Western Hemispheres Trade Facts
The U.S. goods and services trade with the Western Hemisphere totaled $1.9 trillion in 2018. Exports totaled $951 billion; Imports totaled $930 billion. The U.S. goods and services trade surplus with the Western Hemisphere was $21 billion in 2018.
The United States has $1.52 trillion in total (two ways) goods trade with Western Hemisphere countries during 2018. Goods exports totaled $729.4 billion; goods imports totaled $787.1 billion. The U.S. goods trade deficit with Western Hemisphere was $57.7 billion in 2018.
Trade in services with the Western Hemisphere (exports and imports) totaled $364 billion in 2018. Services exports were $221 billion; Services imports were $143 billion. The U.S. services trade surplus with the Western Hemisphere was $78 billion in 2018.
According to Department of Commerce, U.S. exports of Goods and Services to the Western Hemisphere supported an estimated 3.8 million in jobs in 2015 (latest data available) (2.8 million supported by goods exports and 1.0 million supported by service exports).
- U.S. goods exports to Western Hemisphere in 2018 were $729.4 billion, up 7.8% ($53.1 billion) from 2017 and up 32.8% from 2008. U.S. exports to Western Hemisphere account for 43.8% of overall U.S. exports in 2018.
- The largest export markets in 2018 were: Canada ($300 billion), Mexico ($265 billion), Brazil ($40 billion), Chile ($15 billion), and Colombia ($15 billion).
- The top export categories (2-digit HS) in 2018 were: machinery ($109 billion), mineral fuels ($108 billion), electrical machinery ($83 billion), vehicles ($80 billion), and plastics ($38 billion).
- U.S. domestic exports of agricultural products to the Western Hemisphere countries totaled $55.4 billion in 2018. Leading categories include: corn ($5.9 billion), soybeans ($3.4 billion), processed food ($3.3 billion), dairy products ($2.8 billion), pork and pork products ($2.7 billion), soybean meal ($2.6 billion), fresh fruit ($2.4 billion), and poultry meat ($2.3 billion).
- U.S. exports of services to the Western Hemisphere were $221.2 billion in 2018, up 3.7% ($8.0 billion) from 2017, and up 57% from 2008.
- U.S. goods imports from Western Hemisphere totaled $787.1 billion in 2018, up 8.1% ($59.3 billion) from 2017, and up 10.0% from 2008. U.S. imports from Western Hemisphere account for 31.0% of overall U.S. imports in 2018.
- The largest country suppliers of imports are: Mexico ($346 billion), Canada ($319 billion), Brazil ($31 billion), Colombia ($14 billion), and Venezuela ($13 billion).
- The top import categories (2-digit HS) in 2018 were: vehicles ($148 billion), mineral fuels ($135 billion), machinery ($89 billion), electrical machinery ($75 billion), and special other (returns) ($28 billion).
- U.S. imports for consumption of agricultural products from the Western Hemisphere countries totaled an estimated $69.4 billion in 2018. Leading categories include: fresh fruit (excluding bananas) ($10.3 billion), fresh vegetables ($8.1 billion), snack foods, (including chocolate) ($7.0 billion), processed fruit and vegetables ($4.7 billion), and wine and beer ($4.5 billion).
- U.S. imports of services were $143.0 billion in 2018, up 4.7% ($6.4 billion) from 2017, and up 36% from 2008.
- The U.S. goods trade deficit with Western Hemisphere was $59.8 billion in 2018, a 11.1% increase ($6.0 billion) over 2017. The U.S. goods trade deficit with the Western Hemisphere accounted for 6.9% of the overall U.S. goods trade deficit in 2018.
- The United States had a services trade surplus of $78.2 billion with the Western Hemisphere countries in 2018, up 2.1% from 2017.