Last week, tension between the U.S. and Mexico rose after a meeting was canceled between the nations’ leaders and President Trump raised the possibility of imposing a 20 percent tariff on all items imported from Mexico.
MAJOR TRADING
There is about $1.4 billion in trade between the two nations every day. The chart to the right shows annual imports and exports in billions of dollars.
U.S. relations with Mexico entail much more than commercial trade and extend to cultural and educational ties. For instance, 1 million U.S. citizens live in Mexico and more than 20 million Americans visited in 2013, making it our top destination for travelers. Additionally, 14 million tourists from Mexico visited the U.S. and spent an estimated $10.5 billion.
FROM MEXICO TO THE U.S.
A proportional look at what comes to the U.S. from Mexico. Mexico exported about $296 billion in goods to the U.S. in the categories below in 2014, the most recent year for which detailed information is available.
Mexico’s total exports in 2014 were worth a little more than $400 billion, making it the 12th largest exporter in the world.
THE WORLD OF U.S. TRADE
This map shows U.S. trade imbalances around the world. Selected countries listed are in billions of dollars for 2015.
Top 5 negative balances:
China, $365.7 billion
Germany, $74.2 billion
Japan, $68.6 billion
Mexico, $58.4 billion
Vietnam, $30.9 billion
Top 5 positive balances:
Hong Kong: $30.5 billion
Netherlands: $24 billion
United Arab Emirates, $20.5 billion
Belgium, $14.6 billion
Australia, $14.2 billion
Sources: U.S. Census Bureau, CIA Factbook, U.S. Department of Energy, U.S. Department of State, Office of the U.S. Trade Representative, the Observatory of Economic Complexity at MIT
