Exports to Chile increase since
2004 free-trade agreement
Washington DC— The Commerce Department
reported that total bilateral trade between the United States
and Chile rose 85 percent since the United States-Chile Free
Trade Agreement (FTA) went into effect in January of 2004. The
United States exported $5.2 billion in goods in 2005, a 91 percent
increase over 2003.
The United States exports gained market share
in Chile for a second year in a row, rising to 15.8 percent
in 2005.
With the FTA in effect, United States exports
continued to win back market share that was lost in previous
years to other countries that negotiated free trade agreements
with Chile before the United States.
Several United States goods showed impressive
increases over pre-FTA levels, including:
- Automatic data processing machines – up 46 percent
to $267.7 million.
- Motor vehicles for the transport of goods – up 387
percent to $276.6 million.
- Motor cars and vehicles for transporting persons –
up 120 percent to $116.2 million.
- Self propelled bulldozers, angledozers, graders, levelers,
scrapers – up 132 percent to $117.7 million.
- Tractors – up 196 percent to $41.4 million.
The full text of the U.S.-Chile Bilateral
Trade Analysis can be found at www.export.gov/fta. |
