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May 9, 2008

CRS Report: The U.S. Trade Situation for Fruit and Vegetable Products

Another food-related Congressional Research Service report available on OpenCRS: The U.S. Trade Situation for Fruit and Vegetable Products. Here's the abstract:

Over the last decade, there has been a growing U.S. trade deficit in fresh and processed fruits and vegetables. Although U.S. fruit and vegetable exports totaled nearly $9 billion in 2007, U.S. imports of fruits and vegetables were more than $16 billion, resulting in a gap between imports and exports of more than $7 billion. This trade deficit has widened over time -- despite the fact that U.S. fruit and vegetable exports have continued to rise each year -- because growth in imports has greatly outpaced export growth. As a result, the United States has gone from being a net exporter of fresh and processed fruits and vegetables in the early 1970s to being a net importer of fruits and vegetables today. A number of factors are shaping current competitive market conditions worldwide and global trade in fruits and vegetables in particular, which explain in part the rising fruit and vegetable trade deficit.

May 9, 2008 in Issues and thoughts | Permalink

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