Food Puerto Rico Exports, Southern United States Trade Association Total U S Exports And Imports Of Food And Agriculture Value In Millions U S Agricultural Trade Totals For Ppt Download

This page provides puerto rico exports actual values historical data.

Puerto rico rain forest. Puerto ricos main imports partner is the united states accounting for 43 percent of total imports. By cutting back on imports and producing more crops on the island puerto rico would be able to cut back on expensive import costs and enjoy fresher higher quality food. While not a state puerto rico is a member of the southern united states trade association a non profit organization that assists the agriculture industry in developing its exports.

The gdp is one of the most anticipated economic indicators and the primary measure of the nations economy. The us is the main trading partner of puerto rico and accounts for nearly 90 of latters exports and over 55 of its imports. Imports take up about 4467 billion.

In early 2020 farm owners in ponce puerto rico reported on the continuing challenge of finding laborers. In 2012 there were 13159 farms in puerto rico. Also hurricanes are a common threat to puerto rico which can make food deliveries difficult during hurricane season and drive the food prices on the island up even higher.

Puerto rico mainly imports chemicals oil food electrical appliances machinery and equipment transport vehicles and plastics. Exports in puerto rico averaged 521932 usd million from 2003 until 2020 reaching an all time high of 837370 usd million in december of 2010 and a record low of 303980 usd million in september of 2017. Shippers use these data to gauge puerto ricos trade economy and goods produced there.

The information is also used to help compile puerto ricos gross domestic product gdp. Puerto rico exports its goods mainly to the us 903 of its total exports uk dominican republic and netherlands are other export destination. Exports in puerto rico increased to 587340 usd million in march from 567180 usd million in february of 2020.

The major items exported by puerto rico are chemicals electronics apparel canned tuna rum beverage concentrates and medical equipment. Followed by the service industry notably finance insurance real estate and tourism. The economy of puerto rico is classified as a high income economy by the world bank and as the most competitive economy in latin america by the world economic forum.

Main import goods of puerto rico. The major imports include food and fish chemicals machinery.