What are the major imports from Mexico?
The top imports of Mexico are Refined Petroleum ($31.3B), Vehicle Parts ($27.4B), Office Machine Parts ($16.8B), Cars ($10.5B), and Computers ($7.49B).
How much does the US import from Mexico?
U.S. goods imports from Mexico totaled $358.0 billion in 2019, up 4.0% ($13.7 billion) from 2018, and up 102.6% from 2009. U.S. imports from Mexico are up 797% from 1993 (pre-NAFTA). U.S. imports from Mexico account for 14.3% of overall U.S. imports in 2019.
What foods does the US import from Mexico?
The top U.S. import commodities from Mexico are vegetables and fruit , wine & beer, and snack foods – accounting for 75% of the total U.S. ag imports from Mexico.
What goods does the US export to Mexico?
What Does the US Export to Mexico? Machinery $42 Billion. Electrical Machinery $41 Billion. Vehicles & Vehicle Parts $21 Billion. Mineral Fuels $20 Billion (Gasoline, natural gas ) Medical Instruments $12 Billion. Plastics $16 Billion. Textiles 4.13 Billion. Agricultural Products $18 Billion (Corn, soybeans, dairy products, pork, beef, apples, malt, margarine)
What does US import the most?
Top 5 Categories of Goods Most Imported Into the U.S. Machinery (including computers): $379.04B (14.76% of total imports ) Electrical machinery: $352.31B (13.72% of total imports ) Vehicles: $310.09B (12.07% of total imports ) Mineral fuels: $210.11B (8.18% of total imports )
Who does Mexico trade with the most?
Also shown is each import country’s percentage of total Mexican exports. United States : US $358.9 billion (76% of Mexico’s total exports) Canada : $14.1 billion (3%) Germany : $7 billion (1.5%) China: $6.9 billion (1.5%) Taiwan: $6.8 billion (1.4%) Brazil: $4.2 billion (0.9%) Japan : $3.9 billion (0.8%)
Does Mexico depend on the US?
Over the years, the country has grown increasingly reliant on its US neighbour: almost 80% of its exports go to the US alone and, given its opening rate, these exports account for nigh on 30% of its GDP (graph 2).
Why does Mexico trade with the US?
The economic and trade relationship with Mexico is of interest to U.S. policymakers because of Mexico’s proximity to the United States , the extensive trade and investment relationship under the North American Free Trade Agreement (NAFTA), the conclusion of the NAFTA renegotiations and the U.S. – Mexico -Canada Agreement (
What country does the US import the most from?
|—||Total, All Countries||1,688.9|
|—||Total, Top 15 Countries||1,336.7|
What fruits and vegetables are imported from Mexico?
Avocados worth $1.9 billon a year were the leading Mexican fruit import between 2015 and 2017, followed by raspberries worth $555 million, strawberries worth $515 million, and grapes worth $410 million a year.
What percent of avocados come from Mexico?
Avocado production is important to the economy of Mexico with the country being the world’s largest producer of the crop. Mexico supplies 45 percent of the international avocado market. Of the 57 avocado producing countries, the other major producers are Dominican Republic, Peru, Colombia, and Indonesia in that order.
What is Mexico’s biggest export?
Economy of Mexico
|Export goods||manufactured goods, electronics, vehicles and auto parts, oil and oil products, silver, plastics, fruits, vegetables, coffee, cotton, silver|
|Main export partners||United States(+) 80.3% Canada(+) 2.7% China(-) 1.5% Spain(+) 1.5% Brazil(+) 1.2% (2014 est.)|
Does Mexico import or export more?
Mexico ranked number one among U.S. trade partners in total trade in 2019, with a value of USD 614.5 billion. Exports totaled USD 256.4 billion and Imports totaled USD 358.1 billion, and this trade directly and indirectly supports millions of U.S. jobs.
How does Mexico help the United States?
It’s the second-largest buyer of U.S. goods, the third-biggest consumer of U.S. agricultural products and America’s third-most-important trading partner, after China and Canada. We trade over a million dollars of stuff every minute.
How much money does the US give to Mexico each year?
The United States is currently the largest source of international remittances in the world, sending a total of $56.3 billion in 2015. Mexico received the largest portion of these remittances, accounting for an estimated $25.2 billion, making the U.S.-Mexico remittance corridor one of the largest in the world.