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What country is Mexico's main trade partner?
The United States is Mexico's main trade partner, both in terms of exports as well as imports; it is the destination of 81% ($303 billion) of Mexico's exports, and it is the origin of 47% ($180 billion) of Mexico's total imports (2016).
Mexico imports more than exports?
Yes, Mexico has a trade deficit of about USD$17.3 billion. For 2008, Mexico exports were worth $291.3 billion, while imports summed up some $308.6 billion.
What is balance of trade?
Balance of trade is the relationship between a country's exports and imports. There is a trade surplus when a country's exports exceed its imports, and there is a trade deficit when a country's imports exceed its exports.
Trade agreement on imports and exports from the US to Canada and Mexico?
The North American Free Trade Agreement (NAFTA)
What is it called when exports exceed imports?
A trade surplus is when exports exceed imports.
What is the difference in value between what a nation imports and what it exports?
The difference in value between what a nation imports and what it exports is called the trade balance. If a country exports more than it imports, it has a trade surplus. If it imports more than it exports, it has a trade deficit. A balanced trade is when a country's imports and exports are equal.
What is an excess of imports over exports?
This would be a trade deficit, where the imports cannot be balanced by exports.
Why do you have imports and exports?
u have imports and exports so that the ine of trade can continue and think about it, if we didnt have chinas exports what would we have
Nation's imports and its exports is referred to as?
Net exports or the balance of trade.
If a country has a trade surplus?
Exports > imports
Does Mexico have a trade deficit or a trade surplus?
It has a trade deficit of some USD$5.6 billion (2011 est.): Exports: $336.3 billion Imports: $341.9 billion
Where does Mexico rank in trading with the US?
For Mexico, the United States is the biggest trade partner, both for imports (55.5%) as well as for exports (76.5%).For the United States, Mexico is the second recipient of its exports (11.7%), behind Canada (21.4%). As for imports, Mexico rates third (10.6%), behind China (16.9%) and Canada (15.7%).
