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Haitian Disaster and Trade with the United States

Posted by Kevin Palmstein on Friday, January 15, 2010 No Comments »
The earthquake in Haiti is a devastating disaster in proportion with the 2004 tsunami in Indonesia. In terms of human losses, the numbers are absolutely mindboggling with CNN reporting the possibility of over 100,000 dead. This has prompted an outpouring of relief from around the world. Surely billions will be donated to the people of Haiti to rebuild their country.

As the poorest nation in the Western Hemisphere, Haiti is one of the top receivers of aid from the United States. During the last twelve months (November 2009 to December 2008), Haiti received $174 million from charities, individuals, and private agencies in the United States. This disaster brings a greater need for these efforts. Below is a list of the top ten countries receiving this type of aid for the last 12 months:
Country Donation Export Value ($)
Guatemala $316,282,081
Haiti $174,286,197
Dominican Republic $119,985,181
Belgium $108,306,663
Honduras $106,836,240
Nicaragua $103,442,799
Jamaica $98,494,108
El Salvador $91,575,541
Guyana $82,926,740
Paraguay $44,118,689

Source: Zepol TradeView

On the trade side, the U.S. holds a positive trade balance with Haiti. Most of the imported products from Haiti are apparel and textiles, over $506 million of the $541 million. On the export side, donations make up a large percentage of products, but we also export large amounts of food (rice accounting for $150 million) and pharmaceuticals ($44 million).

The logistics community is already stepping up to help bring aid to Haiti. Crowley has suspended its regular cargo services to help U.S. government agencies deliver emergency shipments to the country. Other companies are matching employee donations and sending pilots to fly aid shipments.

Zepol would like to extend our condolences to the people of Haiti and hope that others are able donate to the relief efforts in Haiti; please click the links below:

Unicef American Red Cross CARE
Category: News

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