USMCA Watch: Mexico’s Trade Growth Supportive for Passage — Panjiva


USMCA Watch: Mexico’s Trade Growth Supportive for Passage

Mexico 505 Trade Balance 657 Trade Deals 703 U.S. 3306 USMCA 374

Mexico’s international trade activity grew 2.9% year over year in February, the 22nd straight month of expansion. It wasn’t all good news as trade in oil products dropped 6.0% while imports of consumer goods fell 5.3% and capital goods decreased by 7.1%. There was, however, an uplift in exports to the U.S. of 4.6% after a 7.8% rise in January while imports rose by a similar amount. Indeed year over year growth in trade with the U.S. has been continuous since the start of 2017 excepting a 0.2% slip in Apr. 2017. A desire to protect trade growth with the U.S. may help convince Mexico’s Sen...

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