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Mexico'S Export To China Has Increased Significantly

2011/8/18 15:38:00 34

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Mexico

Mexico reform newspaper reported on August 16th that China has surpassed the United States and become a

Mexico

The fourth largest export destination.

But China and Mexico

Trade

Still unbalanced.

According to the statistics of Mexico Bank (BANXICO), China has jumped from the sixth largest export destinations in 2010 and twenty-fifth destinations in 2000 to the fourth largest export destinations in Mexico in the first half of this year, according to the statistics of the Bank of China (BANXICO).

The most obvious change in bilateral trade is the rapid growth of Mexico's exports to China, or even more than the US's export growth to Mexico's largest trading partner.

In 2000 -2011, Mexico's exports to China increased by an average of 40% over the same period, while the US exports to the United States increased by 7% during the same period.

In the first half of this year, Mexico's exports to China totaled 2 billion 571 million US dollars, compared with us $83 million in the first 6 months of 2000.

Mexico imports US $24 billion 14 million from China and is the second largest source of imports in Mexico.

Latin America

Economics

The director of international trade of the Commission said that Mexico's manufacturing industry was in Mexico.

market

Or in terms of exports to the US, there is strong competition with China.

Therefore, the vitality of Mexico's export performance to China should be a positive signal.

But the trade imbalance between China and Mexico is still outstanding.

Mexico's exports to China are lower than those from China, but in the past 10 years, like other Latin American countries, Mexico's trade with China has made considerable progress.

The difference is that other countries in Latin America mainly trade with China in raw materials.

He also said that the characteristics of China's trade with Mexico are mainly manifested in the global production chain of manufacturing, China usually supplies raw materials to Mexico, while Mexico exports the final products to assembly plants in other countries.

The director of international trade of the Latin American Economic Commission said there are many parts from China in the export processing industry of Mexico.

Although there is not enough statistics, some import data are obviously unfavorable to China, because the added value from Chinese products is not more than 4%-5%, while products from Japan and Germany are all technology intensive products with high added value.