What is the trade deficit with Mexico?

What country has the largest trade deficit?

Year-to-Date Deficits

Rank Country Deficit
1 China -319.2
2 Mexico -98.7
3 Vietnam -82.4
4 Germany -63.9

Does Mexico have a surplus?

Mexico reported a trade deficit of USD 0.11 billion in November of 2021 compared with a surplus of USD 2.98 billion in the corresponding month of 2020, smaller than market expectations of a USD 1.92 billion trade gap.

What does the US get from trading with Mexico?

In 2020, Mexico was the second-largest supplier of foreign crude oil to the United States, as well as the largest export market for U.S. refined petroleum products and U.S. natural gas. Other top U.S. exports to Mexico include machinery, electrical machinery, vehicles, mineral fuels, and plastics.

What was the US trade deficit with Mexico in 2016?

While as of November of 2016, the US trade deficit with Mexico stood at approximately US $58 billion, the US deficit with China was valued at approximately six times larger at over US $319 trillion.

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Does the US have a trade surplus with Mexico?

Mexico is currently our largest goods trading partner with $614.5 billion in total (two way) goods trade during 2019. Goods exports totaled $256.6 billion; goods imports totaled $358.0 billion. … The U.S. services trade surplus with Mexico was $3.1 billion in 2019.

Who are the 3 biggest US trade partners?

China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports. But this landscape could be reshaped as President Trump pursues “America First” policies and reworks free trade deals. U.K.

Does Mexico depend on the US?

4 Mexico’s economy relies heavily on the United States as an export market. The value of exports equaled 39% of Mexico’s GDP in 2019, as shown in Table 1, and approximately 80% of Mexico’s exports were headed to the United States.

What is Mexico’s biggest export to us?

What are Mexico’s biggest exports to the United States?

  • $115.8 billion in autos, accessories and parts. …
  • $36.6 billion in computers, TVs and video technology. …
  • $5.2 billion in alcohol.

What does Mexico export the most?

Among Mexico’s major exports are machinery and transport equipment, steel, electrical equipment, chemicals, food products, and petroleum and petroleum products. About four-fifths of Mexico’s petroleum is exported to the United States, which relies heavily on Mexico as one of its principal sources of oil.

Are Mexico and the US allies?

Both are members of various international organizations, including the Organization of American States and the United Nations. … Since the late nineteenth century during the regime of President Porfirio Díaz (1876–1911), the two countries have had close diplomatic and economic ties.

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What do we import from Mexico?

The largest categories of imported goods from Mexico are vehicles, electrical machinery, machinery, agricultural products, mineral fuels, and optical and medical equipment.

What are Mexico’s imports?

Mexico’s Top Imports

  • Refined petroleum – $31.3 billion.
  • Petroleum gas – $7.06 billion.
  • Corn – $3.1 billion.
  • Raw aluminum – $2.28 billion.
  • Soybeans – $1.94 billion.

What is Mexico’s balance payment?

MX: BOP: Current Account: Balance data was reported at -19.401 USD bn in 2017. This records an increase from the previous number of -24.252 USD bn for 2016.

What is Mexico’s biggest import?

Imports The top imports of Mexico are Integrated Circuits ($29.8B), Refined Petroleum ($29.3B), Vehicle Parts ($27.2B), Office Machine Parts ($16.5B), and Cars ($9.87B), importing mostly from United States ($235B), China ($62.5B), Germany ($16.1B), South Korea ($14.3B), and Japan ($12.6B).

What does Mexico import and export?

Mexico: Exports And Imports

Rank Top Exports Top Imports
1 Crude Petroleum Refined Petroleum
2 Cars Vehicle Parts
3 Vehicle Parts Integrated Circuits
4 Delivery Trucks Computers