The new record trade figure between the two members of the North American Free Trade Agreement (Nafta) came on the back of a 6.3% year-on-year increase in US exports to Mexico (worth US$240.32bn) and a 4.8% year-on-year increase in Mexican exports to the US (worth US$294.15bn).
Encouragingly for Mexico the report also shows that its trade surplus with the US was nearly US$20bn higher than Canada’s, the third Nafta member. On the negative side, Mexico’s revenues from oil exports to the US decreased by 12.8% compared to 2013, despite the fact that last year Mexico recovered its position as the third largest oil supplier to the US by volume.
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