Wednesday, December 22, 2010

Globalization of the Processed Foods Market: U.S. Trade in Processed Foods

The growth of U.S. processed foods trade in the past few years has been phenomenal, with exports exceeding imports since 1992. Since 1991, the value of exports has grown 55 percent, while imports grew 21 percent. U.S. consumer prices during that time rose 15 percent, so real growth in the value of exports has been about 40 percent over the past 5 years. Total U.S. trade in processed foods and beverages amounted to $54.2 billion in 1995. The $29.4 billion in exports exceeded imports by $4.6 billion.

No comments:

Post a Comment