The Impact of the Andean Trade Preference Act Twelfth ... - USITC

Such exports were diversified, containing a multitude of products, none of whichwere on the leading exports’ list (table 2-12). Similarly diversified were U.S. exports ofautomotive products (HTS 87); these were up by almost one-third, reaching a new recordin 2005.Before 2005, the region had been an important and growing market for U.S. cereals. In2005, however, such exports were down by over 10 percent (HTS 10). Cereal exports,amounting to $518 million, accounted for less than 6 percent of all U.S. exports to ATPAcountries in 2005 compared with 7.5 percent in 2004 (table 2-11). The decline wascaused by diminished wheat exports to all ATPA countries except Colombia. Wheatexports to the region declined by 22 percent, as wheat retreated to fifth among the leadingU.S. export items in 2005 from second place in 2004 (table 2-12). Meanwhile, U.S.yellow corn exports continued to rise, landing third on the list of leading U.S. exports toATPA countries (also third in 2004). Colombia was the 8 th largest U.S. cereal marketamong all countries of the world in 2005 (9 th in 2004), and Peru was the 20th (14 th in2004).U.S. exports of cotton not carded or combed to ATPA countries also declined in 2005, by11 percent (table 2-12), following steady growth during earlier years. Based on 2005developments, cotton products (HTS 52) are no longer a major export sector to the region(table 2-11, figure 2-4). 98Table 2-13 ranks the four ATPA countries according to their importance as U.S. exportmarkets in 2005 in the following order: Colombia, Peru, Ecuador, and Bolivia (see alsofigure 2-5). This order is the same as it was in 2004.Table 2-13 U.S. exports to ATPA countries, by markets, 2001-2005 aMarket 2001 2002 2003 2004 2005Change,2004-2005Value (1,000 dollars)PercentColombia ............. 3,391,561 3,345,084 3,496,277 4,145,013 4,962,135 19.7Peru ................. 1,450,497 1,441,052 1,551,604 1,857,899 2,038,039 9.7Ecuador .............. 1,319,141 1,495,839 1,306,139 1,483,550 1,733,151 16.8Bolivia ................ 202,136 181,786 171,675 177,109 185,795 4.9Total ............... 6,363,334 6,463,762 6,525,695 7,663,571 8,919,120 16.4Percent of totalIn percentagepointsColombia ............. 53.3 51.8 53.6 54.1 55.6 1.5Peru ................. 22.8 22.3 23.8 24.2 22.9 -1.4Ecuador .............. 20.7 23.1 20.0 19.4 19.4 0.1Bolivia ................ 3.2 2.8 2.6 2.3 2.1 -0.2Total ............... 100.0 100.0 100.0 100.0 100.0Source: Compiled from official statistics of the U.S. Department of Commerce.Note: Because of rounding, figures may not add to totals shown.a Domestic exports, f.a.s. basis.98For more information on textile and apparel trade, including cotton products, see the section on“Textiles and Apparel” in this chapter, and section on “Probable Future Effects of ATPA” in chapter 3.2-29