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  • Submitted on 22 January 2014

    Peru FlagPeru has been one of the fastest growing Latin American economies for the past ten years. Since 2002 the Peruvian economy has grown by an average of 6.4% per year, a trend expected to continue with a projected GDP growth of 6.3% in 2013. Consumption and private investment are the main driving forces of this growth.

  • Submitted on 22 January 2014

  • Submitted on 22 January 2014

    NicaraguaThe United States is Nicaragua's largest trading partner, the source of roughly a quarter of Nicaragua's imports and the destination for approximately two-thirds of its exports (including free zone exports). U.S. exports to Nicaragua totaled $1.1 billion in 2011, including cereals, donated goods, mechanical machinery, textiles and apparel, oils and fats, medical and dental equipment, electrical machinery, vehicles, and plastics. Nicaraguan exports to the United States were $2.6 billion in 2011, including textiles and apparel, automobile wiring harnesses, coffee, meat, fish, tobacco, gold, fruits, vegetables, and sugar.

  • Submitted on 22 January 2014

    HondurasThe U.S. is the chief trading partner for Honduras, supplying 46.2 percent of Honduran imports and purchasing 33.4 percent of Honduran exports in 2011 (excluding maquila trade). Bilateral trade between the two nations totaled $10.6 billion in 2011. U.S. exports to Honduras continued to perform well in 2011 reaching $6.1 billion, an increase of 33 percent over 2010.

  • Submitted on 22 January 2014

    GuatemalaGuatemala is the northernmost country in Central America, with Mexico to the north and west, Belize and the Atlantic Ocean to the east, Honduras and El Salvador to the southeast and the Pacific Ocean to the south. Famed for its volcanoes, textiles, Mayan ruins, and temperate climate in the highlands, Guatemala is at the center of a large regional market for U.S. goods and services.

  • Submitted on 22 January 2014

    El SalvadorThe bilateral commercial relationship between the United States and El Salvador is strong in both trade and investment. El Salvador uses the U.S. dollar as its official currency. The United States is El Salvador’s number one investor and leading trade partner. The majority of El Salvador’s imports come from the United States, and nearly 50% of El Salvador’s exports go to the U.S.

  • Submitted on 22 January 2014

    Dominican RepublicOn March 1, 2007 the Central American Free Trade Agreement (CAFTA)-DR Free Trade Agreement was implemented allowing almost 80% of U.S. goods to enter the DR duty free. The U.S. has an approximately 43% market share in the Dominican Republic, with approximately 70% of consumer goods imported into the Dominican republic coming from the United States.

  • Submitted on 22 January 2014

    Costa RicaThe United States is Costa Rica’s main trading partner, accounting for about 40% of Costa Rica’s total imports. Prior to the global economic crisis, Costa Rica enjoyed stable economic growth. The economy contracted 1.3% in 2009 but resumed growth at about 4.5% per year in 2010-12.

  • Submitted on 22 January 2014

    Chile FlagAs the United States and Chile Free Trade Agreement (FTA) concludes its seventh year, commercial trade, both in products and services, continues to be a resounding success. As of January 1, 2004, duties were reduced to zero on 90% of U.S. exports to Chile with all remaining tariffs to be phased out by 2015. Chile is a promising market for a wide range of U.S. goods and services. The symbolic importance of the Chile-USA FTA far outweighs the economic size of Chile.

  • Submitted on 28 August 2013

    Businesses looking to increase sales and profit are taking their businesses global. If you're ready to explore the possibilities and challenges of exporting, your state international trade office can provide the help you need.

    Several states have trade offices located in Africa, Asia, Australia, Europe, the Middle East, and the Americas. Each office is staffed with experienced business professional ready to help your business expand globally.

Did you know...

Between 2002 and 2007, minority-owned firms outpaced the growth of non-minority firms in gross receipts, employment, and number of firms. Minority firms are an engine of job creation.
Graph for MBE Growth

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