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IMPORT FROM MEXICO

U.S.-MEXICO TRADE AND INVESTMENT
Fact Sheet
Source:  U.S. Department of State
Washington, DC
May 19, 2010

The United States is Mexico’s largest trading partner and largest foreign investor. Mexico is the third largest U.S. trading partner after Canada and China, and is the United States’ second largest foreign supplier of petroleum. The U.S.-Mexico border is one of the busiest, most economically important borders in the world, with nearly one million legitimate travelers and nearly a billion dollars worth of goods legally crossing the border each day. Eighty percent of this trade crosses the land border on trucks and trains. Border states are not the only ones that benefit from this dynamic trade relationship--a total of 22 U.S. states have Mexico as the number one or number two destination for their exports, including California, Iowa, Ohio, Illinois, Indiana, Kansas, Michigan, Missouri, North Dakota, Pennsylvania, Texas, Tennessee and Wisconsin.

Much of the U.S. trade with Mexico is in intermediate inputs, which are used to finish U.S. products. The deep integration of the U.S. and Mexican economies has resulted in a cross-border production system that enhances the competitiveness of both countries. To put this in perspective, Mexico and the U.S. do as much business in just over a month as Mexico does with all 27 countries of the European Union combined in a year.

  • In 2009, U.S. goods exports to Mexico were $129 billion and U.S. goods imports from Mexico were $177 billion.
  • Since NAFTA implementation in 1994, U.S. exports to Mexico have nearly tripled and Mexican exports to the United States have more than quadrupled.
  • Roughly 80% of Mexico’s total global exports of $230 billion go to the U.S.
  • More than half of Mexico’s total global imports of $234 billion come from the U.S. and are valued at $129 billion dollars.
  • In 2009, the U.S. provided up to 80% of all inputs for Mexico’s maquiladora manufacturing and assembly firms, and 90% of all exports from Mexico’s maquiladoras returned to the U.S., translating to over $114 billion in bilateral trade.
  • Nearly 80% of Mexico’s agricultural imports come from the U.S. with an annual growth rate of almost 9% per year since the beginning of NAFTA.
  • The U.S. is the largest foreign investor in Mexico, accounting for over 50% of all reported foreign direct investment.

 

U.S. IMPORTS FROM MEXICO 2002-2010
Statistics
Source:  U.S. Census Bureau
December 2010

EXPORT TO MEXICO

Washington State Exports to Mexico
Mexico is Washington State’s 13th largest export market (2010). Since NAFTA took effect in 1994, Washington state’s exports to Mexico have risen 107%, reaching US $992 million in 2010, up $514 million from their level in 1994. The impressive economic growth and interdependency of trade is very important because they impact trade relations between Washington state and Mexico.

Transportation equipment, food manufactures, agricultural products, computer and electronic products, and paper, represented the top five commodities by value exported from Washington to Mexico in 2010.

Washington Top 5 Exports to Mexico 2010
Product Value
Million US Dollars
Percent
Transportation Equipment $          234 23.6%
Food Manufactures $          178 18%
Agricultural Products $          118 12%
Computer and Electronic Products $          104 10.6%
Paper $            69 7%
All Others $          224 22.6%
Total $          991 100.0%
Data source: US Department of Commerce, International Trade Administration

export
Data source: US Department of Commerce, International Trade Administration

 

 

 
 
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