Thursday, June 6, 2019

US Exports to Mexico


Mexico was the United States' 2nd largest goods export market in 2018.

U.S. goods exports to Mexico in 2018 were $265.0 billion, up 8.9% ($21.7 billion) from 2017 and up 75.2% from 2008. U.S. exports to Mexico are up 537% from 1993 (pre-NAFTA). U.S. exports to Mexico account for 15.9% of overall U.S. exports in 2018.

The top export categories (2-digit HS) in 2018 were: machinery ($46 billion), electrical machinery ($43 billion), mineral fuels ($34 billion), vehicles ($22 billion), and plastics ($18 billion).

U.S. total exports of agricultural products to Mexico totaled $20 billion in 2018, our 2nd largest agricultural export market. Leading domestic export categories include: corn ($3.1 billion), soybeans ($1.7 billion), dairy products ($1.4 billion), pork & pork products ($1.3 billion), and beef & beef products ($1.1 billion).

U.S. exports of services to Mexico were an estimated $34.1 billion in 2018, 3.8% ($1.2 billion) more than 2017, and 30.1% greater than 2008 levels. It was up roughly 228% from 1993 (pre-NAFTA). Leading services exports from the U.S. to Mexico were in the travel, transport, and intellectual property (computer software, industrial processes) sectors.

https://ustr.gov/countries-regions/americas/mexico

The US also exports the same types of manufactured goods to Mexico that it imports from Mexico. These products are different, but these exports are now vulnerable to Mexican Tariffs.

US Exports to Mexico for 2018 were:

machinery ($46 billion),
$43 billion electrical machinery
$34 billion mineral fuels
$22 billion vehicles
$18 billion plastics
$117 billion total in manufacturing

US Imports from Mexico for 2018 were:
Manufacturing
$93 billion vehicles and parts
$70 billion electrical machinery and equipment.
$66 billion machinery and mechanical appliances and parts.
$18 billion optical and medical instruments and parts.
$10 billion furniture, bedding and lighting
$7 billion plastic and plastic parts
$6 billion iron and steel articles
$270 billion total in manufacturing


Norb Leahy, Dunwoody GA Tea Party Leader


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