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The United States is largest agricultural trading partner with Vietnam that does not have an FTA with Vietnam. The MFN tariff rates that apply to U.S. agricultural products are substantially higher than those stipulated in Vietnam’s many FTAs.
For over a decade, Peru has been one of the world’s top performing economies, registering sustained high growth accompanied by low inflation.
In 2016, the Dominican Republic was the fifth-largest market, valued at almost $484 million, for U.S. consumer-oriented products in the Western Hemisphere after Canada, Mexico, Colombia and Chile.
U.S. agricultural exports to South Korea have grown in recent years, largely due to tariff reductions and the lifting of non-tariff barriers under the U.S.-Korea Free Trade Agreement (KORUS).
LIne graph showing the growth of U.S. ag exports to Panama from 2002-2016. U.S. ag exports to Panama in 2016 reached $670 million.
Infographic showing U.S. agricultural exports to Panama in 2016. Total U.S. agricultural exports reached $670 million.
Line graphic illustrating the effects of the U.S. - Colombia free trade agreement which went into effect in 2012.
Infographic showing U.S. agricultural exports to Colombia in 2016. Total U.S. agricultural exports reached $2.4 billion.
South Korea’s imports of American food and agricultural products in 2017 through September totaled $6.3 billion, up 25 percent from the same period of the previous year.
Mexico continues to support expansion of the dairy sector through government programs, private sector commitments, improved genetics and technology.
Brazil’s consumers have a budding appetite for higher-value food products as the country’s economy recovers from a historic recession and its middle class grows.
Bar chart comparing percentage of market share for agricultural exports between Canada, Mexico and the United States.