How does US and Mexico rely on each other for business?

* Mexico is a major market for U.S. exports. In 2020, the United States exported over $267 billion of goods to Mexico, making Mexico the second-largest market for U.S. exports after Canada.

* Mexico is also a major source of imports for the United States. In 2020, the United States imported over $355 billion of goods from Mexico, making Mexico the third-largest source of U.S. imports after China and Canada.

* The United States and Mexico have a significant amount of cross-border investment. In 2020, the United States had over $149 billion of foreign direct investment in Mexico, while Mexico had over $44 billion of foreign direct investment in the United States.

* The United States and Mexico also have a number of joint ventures and collaborations in areas such as trade, energy, and security.

Benefits for Mexico

* The United States is a major market for Mexican exports. In 2020, Mexico exported over $399 billion of goods to the United States, making the United States the largest market for Mexican exports.

* The United States is also a major source of imports for Mexico. In 2020, Mexico imported over $361 billion of goods from the United States, making the United States the second-largest source of Mexican imports after China.

* The United States and Mexico have a significant amount of cross-border investment. In 2020, Mexico had over $44 billion of foreign direct investment in the United States, while the United States had over $149 billion of foreign direct investment in Mexico.

* The United States and Mexico also have a number of joint ventures and collaborations in areas such as trade, energy, and security.

* Overall, the strong economic relationship between the United States and Mexico contributes to the economic vitality of both countries and offers mutual benefits for a wide range of sectors and industries involved in cross-border activities.*