Mexico exported US$198.3 billion worth of merchandise to the United States in 2006, up 16.5% from 2005 and up 47.3% in just 4 years.
Mexican imports from the U.S. rose 11.5% to $134.2 billion in 2006, up 37.6% since 2002.
In terms of the merchandise flow between the two countries, America’s trade deficit with Mexico was $64.1 billion in 2006, up 72.5% from 2002. The U.S. trade deficit with Mexico increased 28.8% in 2006 from 2005 – up from the 10.4% deficit increase in 2005 from the year earlier.
Mexican Exports to U.S.
Of the $198.3 billion in American imports from Mexico in 2006, the following product categories had the highest values.
- Crude oil …US$30.3 billion (15.3% of Mexico to U.S. exports, up 31.8% from 2005)
- Car parts & accessories … $21.8 billion (11%, up 5.7%)
- Video equipment (e.g. DVD players) … $14.6 billion (7.4%, up 38.3%)
- Passenger cars … $14.2 billion (7.2%, up 31.2%)
- Other complete & assembled vehicles … $9.6 billion (4.8%, up 20.2%)
- Electrical apparatus & parts … $8.5 billion (4.3%, up 15.1%)
- Telecommunications equipment … $7.0 billion (3.5%, up 41.2%)
- Engines & parts … $5.0 billion (2.5%, up 5.6%)
- Computers … $4.3 billion (2.2%, up 3.7%)
- Miscellaneous household goods (e.g. clocks) … $4.2 billion (2.1%, down 6%)
Fastest-Growing Mexican Exports to U.S.
Below are American imports from Mexico in 2006 with the highest percentage sales increases from 2005.
- Tin … US$11.0 million (up 3535% from 2005)
- Gold … $983.4 million (up 234%)
- Sugar … $379 million (up 191.3%)
- Natural gas … $84.3 million (up 93.8%)
- Zinc … $470.6 million (up 87.3%)
Mexican Imports from U.S.
Of the $134.2 billion in American exports to Mexico in 2006, the following product categories had the highest values.
- Electrical apparatus & parts … US$10 billion (7.4% of Mexico from U.S. imports, up 13.2% from 2005)
- Vehicle parts & accessories … $9.4 billion (7%, up 14.2%)
- Plastics … $6.6 billion (4.9%, up 12.9%)
- Computer accessories … $6.2 billion (4.6%, down 1%)
- Semi-conductors … $5.6 billion (4.1%, up 0.4%)
- Other petroleum products … $4.8 billion (3.6%, up 9%)
- Finished metal shapes … $4.75 billion (3.5%, up 28.2%)
- Telecommunications equipment … $4.4 billion (3.3%, up 45.7%)
- Industrial supplies … $4.2 billion (3.1%, up 13.3%)
- Industrial machines … $3.9 billion (2.7%, up 5.4%)
Fastest-Growing Mexican Imports from U.S.
Below are American exports to Mexico in 2006 with the highest percentage sales increases from 2005.
- Tobacco … US$13 million (up 6822% from 2005)
- Numismatic coins … $39.6 million (up 5329%)
- Nuclear fuel materials … $24.8 million (up 317.2%)
- Other commercial vessels … $10.3 million (up 162%)
- Engines for military aircraft … $139.6 million (up 102.6%)
Sources
This analysis is based on latest statistics from the US Census Bureau - Foreign Trade Statistics and CIA World Factbook as of the date of article publication.
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