Photo: Mexico is one of US Largest Export Markets
Friday the New Policy Institute’s 21st Century Border Initiative released a major new report researched by The North American Center For Transborder Studies (NACTS) at Arizona State University, “Realizing the Value of our Cross Border Trade with Mexico.”
NDN/NPI President Simon Rosenberg released the following statement on the release of the report: “This compelling new report underscores what a vital economic partner Mexico has become for the people of the United States. We hope this work, and the work of our 21st Century Border Project, will help lead to a greater appreciation in the minds of many, of just how important the bi-lateral relationship is for the US today. That we trade more Mexico than we do with the UK, Germany and Japan combined, and almost as much as we do with China, will certainly be eye-opening to many.”
Among the key statistics presented in the report:
Mexico has become the U.S.’s third-ranked commercial partner and the second most important market for U.S. exports; Mexico spent $163 billion on U.S. goods in 2010.
U.S. sales to Mexico are larger than all U.S. exports to the BRIC countries (Brazil, Russia, India and China) combined, as well as all combined sales to Great Britain, France, Belgium and the Netherlands.
Twenty-two states count Mexico as their No. 1 or No. 2 export market: Mexico is the largest export market to the two largest economies in the country in Texas and California.
Other states that count Mexico as their largest export market are Arizona, New Mexico, and New Hampshire. It is the second largest export market for states such as Colorado, Illinois, Ohio, Michigan and Tennessee.