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What is the trade balance between Canada and Mexico?

Canadian trade and investment with Mexico is steadily growing, with over $36 billion in two-way merchandise trade in 2020. Mexico is Canada’s third largest single-country merchandise trading partner (after U.S. and China).

How much does Canada import from Mexico?

In 2020, imports into Canada from Mexico amounted to a trade value of around 16.47 billion Canadian dollars, a decrease from approximately 19.92 billion the previous year.

What percent of Mexico’s exports go to Canada?

Mexico top 5 Export and Import partners 2019 Mexico exports to Canada worth US$ 14,259 million, with a partner share of 3.10 percent.

What country is Mexico biggest trading partner?

Mexico top 5 Export and Import partners

Exporter Trade (US$ Mil) Partner share(%)
United States 206,142 45.28
China 83,052 18.24
Japan 17,958 3.94
Germany 17,690 3.89

What does Canada export to Mexico?

Canada Exports to Mexico Value Year
Oil seed, oleagic fruits, grain, seed, fruits $494.95M 2020
Machinery, nuclear reactors, boilers $455.61M 2020
Electrical, electronic equipment $296.03M 2020
Cereals $237.99M 2020

What items does Canada export to Mexico?

Canada’s top merchandise exports to Mexico (2015-2017 average)

  • Agricultural products (canola, wheat): $1.8 billion.
  • Autos: $1.7 billion.
  • Metals and minerals: $1.1 billion.
  • Industrial machinery: $654 million.
  • Chemicals and plastics: $576 million.

Are Mexico and Canada allies?

Canada and Mexico share a dynamic and prosperous relationship: as friends, as North American neighbours, and as strategic partners in the Americas and in the world. Over the years, our cooperation has expanded across a wide range of political, trade, social, environmental and security interests.

Who is Canada’s largest trading partner?

The United States
The United States is Canada’s chief trading partner, constituting more than two-thirds of all Canadian trade; exports account for a larger share of trade than imports. The dependence on U.S. trade is not just a technical matter of market shares in imports and exports.

Who is Canada’s largest trade partner?

Who are Canada’s top trading partners?

Canada top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States 336,215 75.37
China 17,536 3.93
United Kingdom 14,928 3.35
Japan 9,516 2.13

What Canadian products would sell well in Mexico?

How big is the US trade deficit with Mexico?

The United States also has a trade deficit with Mexico. This deficit is significantly smaller than that of China’s at just $81 billion. The U.S. has imported $346 billion worth of goods from Mexico, including vehicles and auto parts.

What was the trade deficit with Canada in 2019?

The trade deficit with Canada was $27 billion in 2019. 14  The United States exported $293 billion to Canada, more than it does to any other country. It imported $320 billion. The largest export by far is automobiles and parts.

What is the US trade deficit with Germany?

A trade deficit of $68.2 billion with Germany is the third largest trade deficit of the U.S. The U.S. imported $126 billion in auto parts and vehicles, medicine, and machinery. The United States has a trade deficit of $67.6 billion with Japan. Vehicles and industrial supplies are among the primary imports that the U.S. acquires from Japan.

What was Mexico’s trade balance in May 2019?

Published on 2019-07-26. Mexico May Trade Balance Swings to Surplus. Mexico’s trade balance shifted to a USD 1031 million surplus in May 2019 from a USD 1587 million deficit in the corresponding month of the previous year and beating market expectations of a USD 1.03 billion shortfall.