Visualizing US-Mexico Trade
🚗💻 Vehicles, electronics, and more – the diverse Mexican exports that keep America moving ↓
While the US makes up just about 43% of Mexico’s total imports, it’s in Mexican exports to the north that we see just how much this relationship has deepened over the years. The two economies move in sync today, and when US consumers and businesses want to buy quality foreign goods at a fair price, Mexico is by far the key provider.
As a result of this, Mexico’s 1994 trade deficit with the US has become a $150B trade surplus last year.
Evidently, Mexican exports are on a roll, as the country’s businesses have capitalized on their comparative advantage and proximity to the world’s largest consumer market. But what exactly are Americans buying en masse from their southern neighbors? As it turns out…a little bit of everything.
Mexican companies ship computers, electronics, machinery, plastics, oils, and a whole lot more to the US. They fit perfectly into both US and Canadian supply chains when it comes to manufacturing, agriculture, and most notably high-value technologies such as cars.
In fact, vehicles make up Mexico’s largest export category, as both regional and international firms use the country’s great trade terms – and ideal geographic location – to set up factories.