Mexico | What is the US trade deficit with Mexico really saying?
Published on Tuesday, March 14, 2017 | Updated on Tuesday, March 21, 2017
Mexico | What is the US trade deficit with Mexico really saying?
Summary
State trade data for the US revealed that Michigan and California accounted for 87.4% of the US trade deficit with Mexico of USD 58.4 billion in 2015. Both states have large- and medium-sized cars as their top two import products, which contain a significant share of US inputs. Thus, such trade deficits do not reflect the true nature of the US-Mexico trade relationship
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- Trade balance
- NAFTA
Authors
Arnulfo Rodríguez
BBVA Research - Principal Economist
Carlos Serrano
BBVA Research - Chief Economist
Documents and files
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