Monday October 2, 2023
  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast
Versión Español
PanAm Post
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
PanAm Post
No Result
View All Result

Home » Mexico’s Trade Surplus with US Surpasses Those of Germany and Japan

Mexico’s Trade Surplus with US Surpasses Those of Germany and Japan

Elena Toledo by Elena Toledo
July 7, 2017
in Featured, Free Trade, International Relations, Mexico, News, North America, Politics, Uncategorized, United States
FacebookTwitterTelegramWhatsapp
México
In the first five months of 2017, Mexico’s surplus with the US surpassed Japan and Germany. (Flickr)

Español

According to reports from the United States Census Bureau, Mexico overtook Japan and Germany with regard to its trade surplus with the United States between January and May of 2017.

RelatedArticles

The night Chris Rock turned into a 12-year-old whiny bully victim

The night Chris Rock turned into a 12-year-old whiny bully victim

March 26, 2023
The new socialist supremacisms: a maoist cultural revolution undermines the US

The new socialist supremacisms: a maoist cultural revolution undermines the US

August 21, 2021

In the first five months of this year, Mexico‘s surplus was USD $30.3 billion, while  Japan stood at USD $ 28.4 billion and Germany registered USD $25 billion.

  • Read More: Trump Doubles Down on Plan to Make Mexico Pay for Border Wall during G20 Meeting with Pena Nieto
  • Read More: Trump Right to Renegotiate, not Rescind, US Participation in NAFTA

The total sum of the surpluses of Mexico, Japan, and Germany is equivalent to more than 60% of China’s surplus, which clocked in at USD $ 138.1 billion over the same period of time. China ranks first in trade surplus with the United States.

 

 

“Mexico’s positive balance represented a 14.2% increase over the same period in 2016, when the surplus was USD $ 26.6 billion, while Germany decreased its surplus with the United States by 6.7% in the same period” from US $ 68.9 billion to USD $ 64.9 billion. The United States recorded the largest trade deficit with China at USD $ 347 billion, followed by Japan (USD $68.9 billion, Germany USD $64.9 billion, and Mexico at USD $63.2 billion.

As for US trade with Mexico, that country has a trade deficit of 12% with Mexico as a percentage of its total trade volume as established by the US Census Bureau. This percentage has been rated as “moderate” by Mexico’s Economy Secretariat as it ranks 11th worldwide with respect to the largest negative balances in the United States.

In 2016, the United States had its main trade deficit as a percentage of its total trade volume with Ireland (65.3%), followed by China (60%), Italy (45.9%), Germany (39.7%), India (35.9%) and Japan (35.3%).

According to its Secretary of Economy, Mexico also spends a greater percentage of its GDP on buying imports from the United States than any other country in the world.

Donald Trump spoke forcefully against NAFTA on the campaign trail, but thus far appears poised to modify some elements of the landmark trade agreement, rather than withdraw from it in its entirety.

Source: El Economista

Tags: international tradeUS-mexico relations
Elena Toledo

Elena Toledo

Educator by trade, social-media apprentice, activist for a democratic Honduras, and free thinker. Follow her on Twitter @NenaToledo.

Related Posts

The night Chris Rock turned into a 12-year-old whiny bully victim
Columnists

The night Chris Rock turned into a 12-year-old whiny bully victim

March 26, 2023
The new socialist supremacisms: a maoist cultural revolution undermines the US
Columnists

The new socialist supremacisms: a maoist cultural revolution undermines the US

August 21, 2021
GETTR: the powerful weapon of Trump and international right wing
United States

GETTR: the powerful weapon of Trump and international right wing

July 13, 2021
News

Maduro’s Trial Falls Behind Despite Coordination Between Interim Government and ICC

June 15, 2021
Three Signs That Elon Musk Has the World at His Fingertips
Columnists

Trump Against Suppression of Human Rights

February 1, 2021
Three Signs That Elon Musk Has the World at His Fingertips
News

15 Republicans Who Voted Against Trump Are Already Facing the Consequences

February 1, 2021
Next Post
Colombia’s Main Banking Association Refuses to Launder FARC Guerrilla Money

Colombia's Main Banking Association Refuses to Launder FARC Guerrilla Money

Subscribe free and never miss another breaking story

  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast

© 2020 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact

© 2020 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Privacy and Cookie Policy.