Mexico is Good for the United States – More Stats!

Published on: Aug 07 2013 by Thomas Lloyd

Economic Benefits of the U.S. from MexicoHere’s a nice fact sheet from Voxxi, again developing the “other side of the coin” – showing why the U.S. is dependent on Mexico’s economy:

 

1. US-Mexico trade surpasses $1 billion every day, with the vast majority of bilateral commerce crossing our land border.

  • Mexico is the second largest destination of US goods and services after Canada. In 2012, US exports to Mexico totaled $216 billion—more than US exports to Japan and China combined.

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    2. Millions of U.S. jobs depend on US trade with Mexico—and on efficient cross-border commerce facilitation.

  • Six million US jobs are supported by bilateral trade with Mexico, which means that one in 24 workers depend on US-Mexico trade.

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    3. Key U.S. industries vital to our national economy depend on Mexico.

  • In 2012, the top US export categories to Mexico—machinery, mineral fuel and oil, vehicles, and plastic—added $128 billion to the US economy.

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    4. Mexico is on the rise, with a growing middle class looking to legally cross our southern border to spend tourism dollars in the United States.

  • Over 13 million Mexicans traveled to the United States in 2010, spending $8.7 billion—second only to Canadians.

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    5. Border communities throughout the US southwest depend on Mexico to keep their economies growing.

  • In 2012, Mexico was the main export destination for three out of four border states: Arizona, California, and Texas.

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    Read the complete fact sheet with some excellent data here.

     

    -by Thomas Lloyd

     

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    Filed under: International, Mexico Economy Tags: , , ,

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