11/13/2006
|
Remittances and the U.S. Trade |
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|
Deficit with Mexico, 1996-2005 |
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|
($Billions) |
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|
Remittances |
U.S. Exports to Mexico |
U.S. Imports from Mexico |
U.S. Trade Balance with Mexico |
|
|
1996 |
$4.22 |
$56.72 |
$75.13 |
($18.41) |
|
1997 |
4.86 |
71.22 |
86.68 |
(15.46) |
|
1998 |
5.63 |
78.62 |
95.40 |
(16.78) |
|
1999 |
5.91 |
86.76 |
110.55 |
(23.79) |
|
2000 |
6.57 |
111.18 |
136.82 |
(25.64) |
|
2001 |
8.90 |
101.18 |
132.20 |
(31.02) |
|
2002 |
9.81 |
97.24 |
135.50 |
(38.26) |
|
2003 |
13.40 |
97.22 |
139.03 |
(41.81) |
|
2004 |
16.61 |
110.70 |
157.11 |
(46.41) |
|
2005 |
20.03 |
120.26 |
172.11 |
(51.85) |
|
2006Est. |
23.26 |
NA |
NA |
NA |
|
% change, 2000-05: |
204.8% |
8.2% |
25.8% |
102.2% |
|
Sources: Bank of Mexico website (Remittances): |
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Bureau of Economic Analysis (Trade data): |
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Edwin S. Rubenstein is President of ESR Research Economic Consultants in Indianapolis.
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