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International Trade Outlook for Latin America and the Caribbean: Recovery in an uncertain context

This first edition of International Trade Outlook for Latin America and the Caribbean, which is the continuation of Latin America and the Caribbean in the World Economy with a new title, covers 2017 and contains three chapters. The first chapter describes the current international context and the recovery of trade in the region. Chapter II reviews the region’s performance in global trade in services in general and in modern services in particular, since 2005. Chapter III provides an overview of Latin America and the Caribbean’s share of the world agricultural trade since 2000 and offers some policy recommendations for increasing the sector’s contribution to regional development.

This first edition of International Trade Outlook for Latin America and the Caribbean, which is the continuation of Latin America and the Caribbean in the World Economy with a new title, covers 2017 and contains three chapters. The first chapter describes the current international context and the recovery of trade in the region. Chapter II reviews the region’s performance in global trade in services in general and in modern services in particular, since 2005. Chapter III provides an overview of Latin America and the Caribbean’s share of the world agricultural trade since 2000 and offers some policy recommendations for increasing the sector’s contribution to regional development.

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<strong>International</strong> <strong>Trade</strong> <strong>Outlook</strong> <strong>for</strong> <strong>Lat<strong>in</strong></strong> <strong>America</strong> <strong><strong>an</strong>d</strong> <strong>the</strong> <strong>Caribbe<strong>an</strong></strong> • 2017<br />

Chapter III<br />

159<br />

Table III.A1.5 (concluded)<br />

No. Country Amount Share<br />

Peru<br />

1 Coffee, not roasted, not decaffe<strong>in</strong>ated 756 11.5<br />

2 Fresh grapes 646 9.8<br />

3 Asparagus 420 6.4<br />

4 Avocados 397 6.0<br />

5 Cr<strong>an</strong>berries, bilberries <strong><strong>an</strong>d</strong> o<strong>the</strong>r fruit of <strong>the</strong> genus Vacc<strong>in</strong>ium 237 3.6<br />

Total five ma<strong>in</strong> products 2 456 37.2<br />

Sa<strong>in</strong>t V<strong>in</strong>cent <strong><strong>an</strong>d</strong> <strong>the</strong> Grenad<strong>in</strong>es<br />

1 Wheat or mesl<strong>in</strong> flour 13 35.6<br />

2 Beer made from malt 5 13.4<br />

3 O<strong>the</strong>r tubers 4 10.7<br />

4 O<strong>the</strong>r <strong>an</strong>imal fodder 3 9.4<br />

5 Husked rice 3 8.1<br />

Total five ma<strong>in</strong> products 28 77.1<br />

Tr<strong>in</strong>idad <strong><strong>an</strong>d</strong> Tobago<br />

1 Bottled water 79 17.7<br />

2 Cigarillos 47 10.6<br />

5 Rum 19 4.4<br />

3 O<strong>the</strong>r preparations of cereals 30 6.8<br />

4 O<strong>the</strong>r distilled spirits 21 4.6<br />

Total five ma<strong>in</strong> products 196 44.1<br />

Uruguay<br />

1 Boneless meat of bov<strong>in</strong>e <strong>an</strong>imals, frozen 972 17.9<br />

2 Soybe<strong>an</strong>s 857 15.8<br />

3 O<strong>the</strong>r wood <strong>in</strong> <strong>the</strong> rough 562 10.4<br />

4 Boneless meat of bov<strong>in</strong>e <strong>an</strong>imals, fresh or chilled 369 6.8<br />

5 Sugar-free dairy products 316 5.8<br />

Total five ma<strong>in</strong> products 3 076 56.7<br />

Venezuela (Bolivari<strong>an</strong> Republic of)<br />

1 Hides <strong><strong>an</strong>d</strong> sk<strong>in</strong>s of bov<strong>in</strong>e <strong>an</strong>imals 15 23.0<br />

2 Beer made from malt 7 10.1<br />

3 Cocoa 6 8.9<br />

4 Rum 5 8.2<br />

5 Maize oil 5 8.2<br />

Total five ma<strong>in</strong> products 39 58.4<br />

Source: Economic Commission <strong>for</strong> <strong>Lat<strong>in</strong></strong> <strong>America</strong> <strong><strong>an</strong>d</strong> <strong>the</strong> <strong>Caribbe<strong>an</strong></strong> (ECLAC), on <strong>the</strong> basis of <strong>the</strong> United Nations <strong>International</strong> <strong>Trade</strong> Statistics Database (UN Comtrade).<br />

a<br />

The figures <strong>for</strong> <strong>the</strong> Bahamas, Guatemala, Nicaragua, <strong>the</strong> Plur<strong>in</strong>ational State of Bolivia, Sa<strong>in</strong>t V<strong>in</strong>cent <strong><strong>an</strong>d</strong> <strong>the</strong> Grenad<strong>in</strong>es, <strong><strong>an</strong>d</strong> Tr<strong>in</strong>idad <strong><strong>an</strong>d</strong> Tobago are from 2015. The<br />

figures <strong>for</strong> <strong>the</strong> Bolivari<strong>an</strong> Republic of Venezuela <strong><strong>an</strong>d</strong> Honduras are from 2013 <strong><strong>an</strong>d</strong> 2014, respectively.

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