NAFTA & the Trade Debate


  • U.S. goods and services trade with Mexico totaled an estimated $583.6 billion in 2015. Exports were $267.2 billion; imports were $316.4 billion.*
  • Mexico is currently US 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.* 
  • Trade in services with Mexico (exports and imports) totaled an estimated $52.4 billion in 2015. Services exports were $30.8 billion; services imports were $21.6 billion. The U.S. services trade surplus with Mexico was $9.2 billion in 2015.*


Exports- 
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.*


Imports - 
Mexico was the United States' 3rd largest supplier of goods imports in 2015.
 

  • U.S. goods imports from Mexico totaled $295 billion in 2015, up 0.2% ($667 million) from 2014, and up 73% from 2005. U.S. imports from Mexico are up 638% from 1993 (pre-NAFTA). U.S. imports from Mexico are up 638% from 1993 (pre-NAFTA).*
  • The top import categories (2-digit HS) in 2015 were: vehicles ($74 billion), electrical machinery ($63 billion), machinery ($49 billion), mineral fuels ($14 billion), and optical and medical instruments ($12 billion).*
  • U.S. imports of agricultural products from Mexico totaled $21 billion in 2015, our 2nd largest supplier of agricultural imports. Leading categories include: fresh vegetables ($4.8 billion), other fresh fruit ($4.3 billion), wine and beer ($2.7 billion), snack foods ($1.7 billion), and processed fruit & vegetables ($1.4 billion).*
  • U.S. imports of services from Mexico were an estimated $21.6 billion in 2015, 11.0% ($2.1 billion) more than 2014, and 50.0% greater than 2005 levels. It was up roughly 191% from 1993 (pre-NAFTA). Based on 2014, leading services imports from Mexico to the U.S. were in the travel, transportation, and technical and other services sectors.*


Investment
 

  • Sales of services in Mexico by majority U.S.-owned affiliates were $43.4 billion in 2013 (latest data available), while sales of services in the United States by majority Mexico-owned firms were $7.5 billion.​*

​* Office of the United States Trade Representative  https://ustr.gov/countries-regions/americas/mexico

 Did you Know?


Some interesting facts about NAFTA and the  U.S. - Mexico social,commercial and economic relationship

The Strategic Importance of Trade Deals 
American Action Forum President Douglas Holtz-Eakin explains the strategic importance of the Trans-Pacific Partnership (TPP).
Woodrow Wilson Center 
Former Ambassador to Mexico, Tony Wayne, believes trade has received unfair and inaccurate criticism, and makes that case.
Mexico on the Move  
Mexico's automotive sector is at full throttle.  World's sixth largest car exporter.
The New U.S.-Mexico Relationship, 100 Days In  
After a rocky start, U.S. – Mexico relations are beginning to stabilize   

Mexico: US neighbor, friend, ally, and third-largest trading partner.  

US - Mexico relationship has never been more important.

U.S.- Mexico Trade Facts
Mexican tech CEO: Benefits of NAFTA go both  
Blanca Trevino, CEO of Mexican tech firm Softtek on why to significantly alter NAFTA would negatively impact American companies. 
Mexico and the United States, a History of a Strong Relationship's
NAFTA Explained
More than 20 years after its creation, NAFTA is the world's largest free-trade zone. 

Why Mexico is ripe for a start-up boom - Millennial entrepreneurial wave has hit hard & is gaining momentum rapidly - Financial Times

Talos and Premier in ‘significant’ Mexico oil discovery Financial Times
Italian Eni increases estimate of Amoca field offshore Mexico to 1 billion boe, accelerates development plan Offshore Engineer 
Mexico could provide ‘waves’ of opportunity for UK plastics companies as the country's manufacturing industry grows British Plastics
Why Mexico is reliable for investors, despite Trump -manufacturing & trade, conservative fiscal & monetary policies Forbes India
With Mexican IT Softtek move, North Texas gains another headquarters - Dallas Morning News​​​
Hotelbeds confirms Mexico within the top five worldwide destination for its brand at MarketHub Americas 2017 event  Travel Daily News
Why Mexico is one of hottest spots for Canadian exporters - its middle class larger than entire Canadian population Canadian Business

Plastic resins & finished goods industry expert: changes to NAFTA may hurt US more than Mexico  Plastics News
FedEx CEO: Tearing up NAFTA would be ‘catastrophic’  CNN Money​

Small Business Owners Say There Aren't Enough Mexicans in the U.S., Not Too Many  Fortune
Laurie Fischer: Mexico is huge market for Wisconsin cheese  Wisconsin State Journal

Growing Together: How Trade with Mexico Impacts Employment in the United States  Wilson Center

Texas and Mexico: ties that bind  Mayor Sylvester Turner and Dr. Laura Murillo, Houston Chronicle 
​The truth about trade  The Cincinnati Enquirer​
Fed's Kaplan: Mexico Trade Makes U.S. More Competitive  Bloomberg

Transforming Mexico through innovation  University of California

NAFTA and Idaho: Winners and Losers  Boise Weekly

More jobs created than lost through trade with Mexico     ​​Jim, Doti Orange County Register

Growing Together: Economic Ties between the United States and Mexico  Wilson Center

Fact Sheet: United States-Mexico Relations  The White House Office 

Texas and Mexico: ties that bind  Mayor Sylvester Turner and Dr. Laura Murillo, Houston Chronicle

Election Day near, Mexico-U.S. business partners praise trade, ties   Joseph N. DiStefano, Philly.com

Families Reunite as US-Mexico Border Opens for 3 Minutes   teleSURtv

Hidden Costs of a Possible U.S.–Mexico Trade War  Wharton Business School​​

Phoenix Establishes Trade Office in Mexico City to Bolster Business Ties  Nearshore Americas​

It's Mexico's moment right now 
AFTA Explained

Strategic location between Asian manufacturers and American consumers has attracted the world's biggest firms.