1. Exports of Mexico include oil, fruit, vegetables, silver, cotton, coffee, and manufactured goods. About 80% of Mexico's exports go to the US, 3.6% to Canada, and 1.4% to Germany as the three primary countries. In 2010, exports were valued at $303 billion dollars.
Imports of Mexico include electrical equipment, car parts, aircraft parts, steel mill products, and agricultural machinery. 48% of imports come from the US, 13.5% from China, 4.8% from Japan, 4.6% from South Korea, and about 4.1% of imports from Germany. In 2010 imports were valued at $306 billion dollars.
2. Currently 1 Mexican peso is 0.08 of a US dollar ($1.00 in the US is equal to 12.25 pesos in Mexico). In most recent exchange rate history, the rate is currently low compared to the last 5 or 6 months. The highest in the last half a year or so was $1.00 for 13.28 pesos in November 2012.
3. Mexico has a net migration rate of -3.11/1,000 population. Economic issues of Latin American countries has led many immigrants to Mexico. It was found that about 30,000 Argentinians make up Mexico's population. In 2000, the number of foreign born residents was found to be 493,000 with almost 87% of those being from the United States. Most emigrants from Mexico move to the US. Illegal immigrants has been a major issue in the US. In 2007, there were 7 million illegal immigrants from Mexico, but the number dropped to 6.1 million in 2011.
4. Illegal immigration, again, is a major issue between the US and Mexico. US has taken measures to ensure a safe border. However, Mexico also encounters immigrants from Guatemala and other poorer countries seeking work. NAFTA is responsible for the free trade between Mexico, US, and Canada, so although there may be other issues between the countries, trade thrives. Mexico has embassies in many Latin American countries and diplomatic relations with the others.
http://www.economywatch.com/world_economy/mexico/export-import.html
http://www.exchange-rates.org/history/MXN/USD/T
No comments:
Post a Comment