Tuesday, February 7, 2023

The United States is the first trading partner of Mexico and the fifth of Canada US Newspapers

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The United States’ first trading partner was Canada, with Mexico in second and China in third.

Mexico’s trade with America closes in 2021 with 661 thousand 164 million dollars and with Canada barely 7 thousand 798 million dollars

NotiPress.- From March to July 2022, the first business partner of America it was CanadaWho? Mexico second place and China in the third. However, during August and September, Mexico displaced Canada, which remained in first place.

Canada ranks fifth in terms of business relations between Canada and Mexico social Trade of Mexico According to the Ministry of Economy, during the period January-April 2021, the total trade between the two countries was 7 thousand 798 million dollars (mdd). While Mexican exports to Canada were 4 Mile 223 MDD And this Import There were 3 thousand 575 million dollars from that country.

During September 2022, the total trade of products from the United States with Mexico stood at $67.4 billion, followed by Canada ($66.5 billion) and China ($61.2 billion). Like this, Mexico’s main trading partner is the United StatesIn 2021, total exports accounted for 80.7 percent of total imports and 43.8 percent for total imports. For Canada, exports from the United States were estimated at $30 thousand 464 million, an annual advance of 23.5%. While US imports from its northern neighbor were 36 thousand 048 million, which was an increase of 20.4%.

On the other hand, Mexico exports 79-8% of its products to the United States, especially in relation to manufacturing (88.2%) and 64% of these are transported by land. Of the total Mexican exports of goods, cars, computers, oil, monitors, projectors, telephones and agrifood. Meanwhile, the main imported products from Canada in 2020 were: vehicle parts and accessories, turnips or rapeseed, reaction initiators and accelerators, wheat and meslin, and cast aluminum.

Finally, Mexico’s bilateral trade with the United States closes in 2021 with 661 thousand 164 million dollars, which is the highest figure since there is a record and includes imports and exports. This, despite the fact that the main partner in that period was not the United States, but Canada.

Nation World News Desk
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