Mexico is currently our 3rd largest goods trading partner with $531 billion in total (two way) goods trade during 2015. Goods exports totaled $236 billion; goods imports totaled $295 billion. The U.S. goods trade deficit with Mexico was $58 billion in 2015.
Following are the most important imports from Mexico.
Vehicles $74 Billion (Passenger cars, Vehicle parts)
Electrical Machinery $63 Billion (Flat screen TVs , Electrical Generators, Monitors)
Machinery $49 Billion
Crude Oil $14 Billion
Medical Instruments $12 Billion
Fresh Vegetables $4.8 Billion (Avocados, Tomatoes)
Fresh Fruits $4.3 Billion
Alcoholic Beverages $2.7 Billion (Beer, Tequila)
Rubber $2.4 Billion
Snack Foods $1.7 Billion
Processed Fruits and Vegetables $1.4 Billion
The US exports to Mexico as stated by the United States Trade representative:
Mexico was the United States’ 2nd largest goods export market in 2015.
U.S. goods exports to Mexico in 2015 were $236 billion, down 1.6% ($3.9 billion) from 2014 but up 97% from 2005. U.S. exports to Mexico are up 468% from 1993 (pre-NAFTA). U.S. exports to Mexico account for 15.7% of overall U.S. exports in 2015.
The top export categories (2-digit HS) in 2015 were: machinery ($42 billion), electrical machinery ($41 billion), vehicles ($22 billion), mineral fuels ($19 billion), and plastics ($17 billion).
U.S. exports of agricultural products to Mexico totaled $18 billion in 2015, our 3th largest agricultural export market. Leading categories include: corn ($2.3 billion), soybeans ($1.4 billion), dairy products ($1.3 billion), pork & pork products ($1.3 billion), and beef & beef products ($1.1 billion).
U.S. exports of services to Mexico were an estimated $30.8 billion in 2015, 2.7% ($807 million) more than 2014, and 36.7% greater than 2005 levels. It was up roughly 196% from 1993 (pre-NAFTA). Based on 2014, leading services exports from the U.S. to Mexico were in the travel, transportation, and intellectual property (computer software) sectors.
In addition, numerous US companies such as Ford, Chrysler, Procter& Gamble, CocaCola, Kimberly Clark, Walmart, Starbucks to name a few, have a business presence in Mexico that is not reflected in the net benefit of the US doing business with Mexico.
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