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USTR'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 North American Free Trade 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, the Andean Trade Preference Act and the Haitian Hemispheric Opportunity through Partnership Encouragement.
U.S.-Western Hemispheres Trade Facts
U.S. goods and services trade with the Western Hemisphere totaled $1.8 trillion in 2015 (latest data available for goods and services trade). Exports totaled $848 billion; Imports totaled $902 billion. The U.S. goods and services trade surplus with the Western Hemisphere was $47 billion in 2014.
The United States has $1.3 trillion in total (two ways) goods trade with Western Hemisphere countries during 2016. Goods exports totaled $632 billion; Goods imports totaled $680 billion. The U.S. goods trade deficit with the Western Hemisphere was $48 billion in 2016.
Trade in services with the Western Hemisphere (exports and imports) totaled $344 billion in 2015 (latest data available). Services exports were $216 billion; Services imports were $129 billion. The U.S. services trade surplus with the Western Hemisphere was $87 billion in 2015.
According to Department of Commerce, U.S. exports of Goods and Services to 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 the Western Hemisphere in 2016 were $632.3 billion, down 5.3% ($35.4 billion) from 2015. U.S. exports to the Western Hemisphere accounted for 43.5% of overall U.S. goods exports in 2016.
- The largest export markets in 2016 were: Canada ($266.0 billion), Mexico ($231.0 billion), Brazil ($30.3 billion), Colombia ($13.116.5 billion), and Chile ($12.9 billion).
- The top export categories (2-digit HS) in 2016 were: Machinery ($98.1 billion), Electrical Machinery ($77.1 billion), Vehicles ($74.4 billion), Mineral Fuel and Oil ($65.2 billion), and Plastic ($34.4 billion).
- U.S. domestic exports of agricultural products to the Western Hemisphere countries totaled $52.0 billion in 2016. Leading categories include: corn ($5.1 billion), prepared food ($3.3 billion), pork and pork products ($2.6 billion), dairy products ($2.5 billion), soybean meal ($2.5 billion), fresh fruit ($2.3 billion), poultry meat ($2.2 billion), and beef and beef products ($2.1 billion).
- U.S. exports of services to the Western Hemisphere were $215.7 billion in 2015 (latest data available), down 2.7% ($6.0 billion) from 2014, but up 127% from 2005.
- U.S. goods imports from the Western Hemisphere totaled $679.7 billion in 2016, down 4.0% ($24.4 billion), from 2015. U.S. imports from the Western Hemisphere accounted for 31.1% of overall U.S. goods imports in 2016.
- The largest country suppliers of imports are: Mexico ($294.2 billion), Canada ($278.1 billion), , Brazil ($26.2 billion), Colombia ($13.8 billion), and Venezuela ($10.9 billion).
- The five largest categories in 2016 were: Vehicles ($133.8 billion), Mineral Fuel and Oil (crude oil) ($89.1 billion), Electrical Machinery ($71.9 billion), Machinery ($71.9 billion), and Special Other (returns) ($26.6 billion).
- U.S. imports for consumption of agricultural products from the Western Hemisphere countries totaled an estimated $64.1 billion in 2016. Leading categories include: fresh fruit (excluding bananas) ($8.9 billion), fresh vegetables ($7.6 billion), snack foods, (including chocolate) ($6.3 billion), processed fruit and vegetables ($4.2 billion), and red meats fresh/chilled/frozen ($3.7 billion).
- U.S. imports of services were $128.7 billion in 2015 (latest data available), up 1.4% ($1.7 billion) from 2014, and up 67% from 2005.
- The U.S. goods trade deficit with the Western Hemisphere was $47.4 billion in 2016, a 5.0% increase ($2.0 billion) over 2015. The U.S. goods trade deficit with the Western Hemisphere accounted for 5.6% of the overall U.S. goods trade deficit in 2016.
- The United States had a services trade surplus of an estimated $67.8 billion with the Western Hemisphere countries in 2014 (latest data available), down 3.6% from 2013.