Integration and Trade in the Americas: A Preliminary Estimate of 2001 Trade
Jessen, Anneke; Covarrubias, María de la Paz; Katona, Andrew; Cornejo, Rafael
This 2001 report contains the preliminary estimates for Trade in the Americas, with a most notable decline of trade flows in the Western Hemisphere. In 2001, trade within the Americas declined by almost 4% according to preliminary estimates. Contrary to previous years, intra-hemispheric exports performed worse than the hemisphere's exports to the rest of the world, which declined by a less drastic 2% relative to 2000. This in stark contrast to a decade-long trend that saw intra-hemispheric trade expand by more than double the rate of extra-hemispheric exports, with total exports growing by a healthy 8% a year on average. For most countries, the estimates are based on data available for the period January-September.