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 Mexico
 Trans-Pacific Partnership

Mexico is a Key U.S. Export Market

  • Mexico's economy is valued at $1.1 trillion*
  • $235.7 billion in goods and $31.5 billion in services in 2015 were exported from the United States to Mexico
  • 59,444 U.S. companies exported goods to Mexico in 2014 – 94.0% were small and medium-sized companies
  • 968,053 U.S. jobs supported by goods exports to Mexico and 201,130 jobs supported by services exports to Mexico in 2015

Mexico is an Important TPP Partner for
U.S. Exports of Industrial and Consumer Goods

Automotive
Products

$28.5 Billion
In Exports
To Mexico


The Automotive Sector includes products such as motor vehicles, motorcycles, and auto parts such as vehicle engines, transmissions, and tires

Chemicals


$28.2 Billion
In Exports
To Mexico


The Chemical Sector includes products such as cosmetics, paints, rubber products, plastics, fertilizers, and organic/inorganic chemicals

Metals
and Ores


$16.2 Billion
In Exports
To Mexico


The Metals & Ores Sector includes products such as aluminum alloys, titanium products, and ores of molybdenum, copper, and zinc

Machinery


$15.9 Billion
In Exports
To Mexico


The Machinery Sector includes products such as forklifts, motors, bulldozers, pumps, water filtration and purification machinery

Information and Communication Technologies

$12.8 Billion
In Exports
To Mexico


ICT Goods include products covered by the World Trade Organization’s Information Technology Agreement (ITA), including products covered by both the original ITA and the subsequent expansion negotiations, as well as other products such as optical fibers, audio-video equipment, television reception apparatus, coaxial cable, and batteries


TPP Works for America

2,991,102:

Jobs Supported by Goods Exported to TPP countries in 2015
$679.6 Billion:

2015 Total
U.S. Goods
Exported to
TPP Countries
174,331:

U.S. Companies
Exported Goods to
TPP Countries in 2014
97%:

SME share of U.S. Goods-Exporting
Companies to TPP Countries in 2014
30%:

SME share of U.S. Goods Exports to TPP Countries in 2014

Market Opportunity Spotlights

Energy:

Demands for renewable energy goods and services is expected to grow due to Mexico’s commitment to increase its electricity generated from clean energy sources to 35% by 2024. The United States exported $198 million in renewable energy products to Mexico in 2014. Mexico’s proximity to the United States and its world-class wind, solar, and geothermal potential signals significant export and investment potential. U.S. investors are expected to benefit from first-mover advantage in this growing sector, and TPP’s stronger investment provisions and the most robust enforceable environmental standards of any trade agreement will increase the demand for renewable energy sources.

Agribusiness:

Mexico is a leading export market for U.S. agricultural equipment. The United States exported $813 million in agricultural equipment to Mexico in 2014, up 6.1% from the year before. Ninety percent of the agribusiness technology and equipment in Mexico is imported, with the United States accounting for 69% of this export market. TPP will increase demand for advanced U.S. technologies, such as irrigation equipment, green houses, and heaters due to Mexico moving into a more competitive position as an off-season exporter of high-value, small-volume agricultural products such as fruit and produce to TPP countries, particularly in the Asia region.

* 2015 Nominal GDP
** TPP Countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru,
Singapore, the United States, and Vietnam
*** New TPP Countries: Countries with which the United States currently does not have preferential
market access - Brunei, Japan, Malaysia, New Zealand, and Vietnam

 


 

 

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