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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

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170310_us_statestradedeficit_wmexico

English - March 14, 2017

Report (PDF)

170314_us_statestradedeficit_wmexico_esp

Spanish - March 14, 2017

Authors

Arnulfo Rodríguez
Arnulfo Rodríguez Principal economist for Mexico
BBVA Research
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Carlos Serrano
Carlos Serrano Chief economist for Mexico
BBVA Research
More information

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