EXPORTS, IMPORTS, and TRADE BALANCE

KEY TRENDS

• U.S. two-way trade with Mexico increased by $22.9 billion (9 percent) to $270.8 billion in 2005. Sustained record-high energy prices and continued U.S. economic growth (3.5 percent) resulted in a further expansion of the trade deficit with Mexico in 2005.
  
  
• Mexico's economy grew by 3 percent in 2005. This economic expansion and the resurgence of the Maquiladora Program, or export-for-assembly industry, resulted in U.S. exports to Mexico increasing 9 percent ($8.6 billion) to approximately $102 billion in 2005.
  
  
• Leading U.S. industry export sectors to Mexico during 2005 were energy-related products, chemicals and related products, and machinery. Mexico was the third-largest destination for U.S. exports in 2005, exceeded only by the EU and Canada.
  
  
• Increased U.S. imports from Mexico in 2005 primarily reflected record-high energy prices due to supply disruptions in other principal supplier countries as well as along the U.S. Gulf Coast.

TRADE SHIFTS in 2005 from 2004

• U.S. trade deficit: Increased $5.6 billion (9 percent) to $67.5 billion
• U.S. exports: Increased $8.6 billion (9 percent) to $101.7 billion
• U.S. imports: Increased $14.3 billion (9 percent) to $169.2 billion
  
  

LINKS

USITC PUBLICATIONS
332 Investigations

• Textiles and Apparel: Assessment of the Competitiveness of Certain Foreign Suppliers in the U.S. Market

Industry Trade and Technology Review

• Production-Sharing Update: Developments in 2003

International Economic Review

• Mexican Farmers Against U.S. Imports: An Update

OTHER GOVERNMENT RESOURCES
U.S. Department of Energy, Energy Information Administration

• Country Analysis Brief - Mexico

U.S. Department of State

• Background Note - Mexico

U.S. Department of Commerce, International Trade Administration

• Office of NAFTA and Inter-American Affairs

SECTOR SHIFTS

| Agricultural Products | Forest Products | Chemicals and Related Products |
| Energy and Related Products | Textiles, Apparel, and Footwear |
| Minerals and Metals | Machinery | Transportation Equipment |
| Electronic Products | Miscellaneous Manufactures |

COUNTRY SHIFTS