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  1. #1
    Senior Member JohnDoe2's Avatar
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    Demand for American-Made Products Growing in Mexico

    Demand for American-Made Products Growing in Mexico

    By Jennifer Abbey
    May 6, 2013 6:14pm

    Demand for American Made Products Growing in Mexico
    (ABC News)

    There is surprising cargo showing up on trains in Mexico.

    Straight from Dearborn, Mich., Ford vehicles are heading into Mexico City, where demand is high among Mexico’s growing middle class. It’s the quality, locals say, that they’re after.

    Vehicles like the Ford Escape travel for 14 days on a train from plants in Avon Lake, Ohio; Oakville, La.; Chicago; and Kansas City, Mo.

    But cars aren’t the only American-made products in demand in Mexico. Exports to Mexico and all of Latin America, including Brazil and Argentina, are up 121 percent in the last decade.

    Even the beef burgers at Carl’s Jr. in Mexico are imported from the United States. The fast food chain, which has opened 20 new restaurants in Mexico this year, brings fries from Louisiana and burgers from Texas, all made by American workers.

    ABC News sent David Muir to Mexico to investigate and he found several American-made products in wholesaler Costco’s Mexico stores. Products like Tide detergent, Reynolds Wrap, WD40 and the original Big Wheel, made in Michigan, were all found in Costco. Even the soy sauce is made in America.

    And while it may sound Mexican, everyone knows Tabasco sauce is made in America and now, it is being sold in Mexico.

    http://abcnews.go.com/blogs/business...ing-in-mexico/
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    Senior Member JohnDoe2's Avatar
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    U.S.-Mexico Trade Facts

    U.S. goods and services trade with Mexico totaled $500 billion in 2011 (latest data available for goods and services trade). Exports totaled $224 billion; Imports totaled $277 billion. The U.S. goods and services trade deficit with Mexico was $53 billion in 2011.

    Mexico is currently our 3rd largest goods trading partner with $494 billion in total (two ways) goods trade during 2012. Goods exports totaled $216 billion; Goods imports totaled $278 billion. The U.S. goods trade deficit with Mexico was $61 billion in 2012.

    Trade in services with Mexico (exports and imports) totaled $39 billion in 2011 (latest data available). Services exports were $25 billion; Services imports were $14 billion. The U.S. services trade surplus with Mexico was $11 billion in 2011.

    Exports

    Mexico was the United States’ 2nd largest goods export market in 2012.


    U.S. goods exports to Mexico in 2012 were $216.3 billion, up 9.1% ($18.0 billion) from 2011, and up 121.9% from 2002. It is up 420% since 1993 (Pre-NAFTA). U.S. exports to Mexico accounted for 14.0% of overall U.S. exports in 2012.

    The top export categories (2-digit HS) in 2012 were: Machinery ($36.0 billion), Electrical Machinery ($34.0 billion), Mineral Fuel and Oil ($23.8 billion), Vehicles ($20.4 billion), and Plastic ($13.9 billion).

    U.S. exports of agricultural products to Mexico totaled $18.9 billion in 2012, the 3rd largest U.S. Ag export market. Leading categories include: coarse grains ($3.0 billion), red meats, fresh/chilled/frozen ($1.9 billion), and soybeans ($1.9 billion), dairy products ($1.2 billion), and wheat ($1.1 billion).

    U.S. exports of private commercial services* (i.e., excluding military and government) to Mexico were $25.2 billion in 2011 (latest data available), 4.6% ($1.1 billion) more than 2010 and 62% greater than 2000. It was up 142% from 2003 (Pre-NAFTA). The other private services (business, professional, and technical services and financial services), and the travel categories accounted for most of U.S. services exports to Mexico.

    Imports

    Mexico was the United States 3rd largest supplier of goods imports in 2012.

    U.S. goods imports from Mexico totaled $277.7 billion in 2012, up 5.6% ($14.8 billion) from 2011, and up 106.3% from 2002. It is up 596% since 1993 (Pre-NAFTA). U.S. imports from Mexico accounted for 12.2% of overall U.S. imports in 2012.

    The five largest import categories in 2012 were: Electrical Machinery ($56.8 billion), Vehicles (cars, trucks and parts) ($53.5 billion), Machinery ($42.3 billion), Mineral Fuel and Oil (crude) ($39.9 billion), and Optic and Medical Instruments ($10.4 billion).

    U.S. imports of agricultural products from Mexico totaled $16.4 billion in 2012, the 2nd largest U.S. supplier. Leading categories include: fresh vegetables ($4.0 billion), fresh fruit (excluding bananas) ($2.7 billion), wine and beer ($1.8 billion), and snack foods (including chocolate) ($1.5 billion).

    U.S. imports of private commercial services* (i.e., excluding military and government) from Mexico were $13.7 billion in 2011 (latest data available), up 1.5% ($202 million) from 2010, and up 28% from 2000. It was up 85% from 2003 (Pre-NAFTA). Travel, and other private services (business, professional and technical services) accounted for most of U.S. services imports from Mexico in 2011.

    Trade Balance

    The U.S. goods trade deficit with Mexico was $61.3 billion in 2012, a 4.9% decrease ($3.2 billion) over 2012. The U.S. goods trade deficit with Mexico accounted for 8.4% of the overall U.S. goods trade deficit in 2012.

    The United States had a services trade surplus of $11.5 billion with Mexico in 2011 (latest data available), up 8.6% from 2010.

    Investment

    U.S. foreign direct investment (FDI) in Mexico (stock) was $91.4 billion in 2011 (latest data available), an 8.4% increase from 2010.

    U.S. FDI in Mexico is primarily concentrated in the manufacturing, nonbank holding companies, and finance/insurance sectors.

    Mexican FDI in the United States (stock) was $13.8 billion in 2011 (latest data available), up 22.2% from 2010.

    Mexican direct investment in the U.S. is led by the manufacturing and wholesale trade sectors.

    Sales of services in Mexico by majority U.S.-owned affiliates were $34.4 billion in 2010, (latest data available), while sales of services in the United States by majority Mexico-owned firms were $4.8 billion

    http://www.washingtonpost.com/wp-srv...exico-exports/
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