What is the balance of trade for Mexico?
What is the balance of trade for Mexico?
A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2020, the trade deficit of goods in Mexico amounted to about 24.42 billion U.S. dollars….Mexico: Trade balance of goods from 2010 to 2020 (in billion U.S. dollars)
| Characteristic | Trade balance in billion U.S. dollars |
|---|---|
| – | – |
Who does Laos trade with the most?
Yearly Exports The most common destination for the exports of Laos are Thailand ($2.4B), China ($1.88B), Vietnam ($1.07B), Japan ($164M), and United States ($146M).
What does Laos export to other countries?
Laos’ main exports are wood, clothing, coffee, electricity, metals, corn and rubber. Laos’ main exports partners are Thailand, China and Vietnam. .
How does balance of trade works in international trade?
Balance of trade (BOT) is the difference between the value of a country’s exports and the value of a country’s imports for a given period. The balance of trade is also referred to as the trade balance, the international trade balance, commercial balance, or the net exports.
What does Mexico export to the US 2020?
In 2020, Mexico was the second-largest supplier of foreign crude oil to the United States, as well as the largest export market for U.S. refined petroleum products and U.S. natural gas. Other top U.S. exports to Mexico include machinery, electrical machinery, vehicles, mineral fuels, and plastics.
Why the United States and Mexico have a strong trade relationship?
The U.S.-Mexico bilateral economic relationship is of key interest to the United States because of Mexico’s proximity, the extensive cultural and economic ties between the two countries, and the strong economic relationship that developed over the past 26 years under the North American Free Trade Agreement (NAFTA).
What is Vietnam’s largest export?
Exports The top exports of Vietnam are Broadcasting Equipment ($42.3B), Telephones ($18.2B), Integrated Circuits ($15.5B), Textile Footwear ($10.6B), and Leather Footwear ($6.43B), exporting mostly to United States ($63.7B), China ($40.3B), Japan ($21.2B), South Korea ($20.3B), and Germany ($8.22B).
What is Cambodia’s main export?
textile goods
Cambodia’s exports are dominated by textile goods, which account for around 70 percent of total exports. Other export products include vehicles, footwear, natural rubber and fish. Cambodia’s main export partners are the United States, Hong Kong, Singapore, Canada, Germany and the UK.
What are the functions of balance of trade?
In simple words, the balance of trade is the value of a country’s trade i.e. its total exports minus imports. Balance of trade plays a crucial role in calculating the country’s balance of payment. It helps economists and experts determine the strength of a country’s economy.
How is trade balance calculated?
Calculate the trade balance by subtracting imports from exports in both goods and services. The merchandise trade balance is the difference between exports of goods and imports of goods—the first number under Balance.
What is Mexico’s number 1 export?
Searchable List of Mexico’s Most Valuable Export Products
| Rank | Mexico’s Export Product | 2020 Value (US$) |
|---|---|---|
| 1 | Cars | $39,476,275,000 |
| 2 | Computers, optical readers | $31,823,594,000 |
| 3 | Automobile parts/accessories | $26,701,510,000 |
| 4 | Trucks | $24,336,274,000 |
What does Mexico produce more than any other country?
Mexico is one of the most important world producers of meat, particularly beef from the northern regions. Mexico’s meat is both for national consumption and export. Mexico is among the world’s largest producers of oil, silver, copper, gold, lead, zinc, natural gas and wood.
What is the balance of trade in Laos?
Balance of Trade in Laos is expected to be -361.70 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Laos to stand at -361.70 in 12 months time.
What was the balance of trade in Mexico in 1980?
Balance of Trade in Mexico averaged -219.09 USD Million from 1980 until 2021, reaching an all time high of 6262 USD Million in December of 2020 and a record low of -4625.28 USD Million in January of 2019.
Who are the major trading partners of Lao PDR?
In 2016, Lao PDR major trading partner countries for exports were China, Thailand, Vietnam, India and Japan and for imports they were Thailand, China, Vietnam, Japan and Korea, Rep. . Please note the exports, imports and tariff data are based on reported data and not gap filled.
What is the current trade surplus in Mexico?
On a seasonally adjusted basis, Mexico trade surplus widened to USD 489 million in October from USD 449 million in September, as exports increased 0.27 percent and imports advanced at a slower 0.14 percent.