Names: conventional long form: United Mexican States conventional short form: Mexico local long form: Estados Unidos Mexicanos local short form: Mexico
Capital City: Mexico (Distrito Federal)
Population: 107,449,525 (July 2006 est.)
GDP Per Capita: $10,600 (2006 est.)
Currency: Mexican peso (MXN)
Languages: Spanish, various Mayan, Nahuatl, and other regional indigenous languages
Total Area: total: 1,972,550 sq km land: 1,923,040 sq km water: 49,510 sq km slightly less than three times the size of Texas
Region: North America
Industries: food and beverages, tobacco, chemicals, iron and steel, petroleum, mining, textiles, clothing, motor vehicles, consumer durables, tourism
Agriculture: corn, wheat, soybeans, rice, beans, cotton, coffee, fruit, tomatoes; beef, poultry, dairy products; wood products
Resources: petroleum, silver, copper, gold, lead, zinc, natural gas, timber
Labor Force:
38.09 million (2006 est.)
agriculture: 18% industry: 24% services: 58% (2003)
Exports:
$248.8 billion f.o.b. (2006 est.)
manufactured goods, oil and oil products, silver, fruits, vegetables, coffee, cotton
Imports:
$253.1 billion f.o.b. (2006 est.)
metalworking machines, steel mill products, agricultural machinery, electrical equipment, car parts for assembly, repair parts for motor vehicles, aircraft, and aircraft parts
Overview:
Mexico has a free market economy that recently entered the trillion dollar class. It contains a mixture of modern and outmoded industry and agriculture, increasingly dominated by the private sector. Recent administrations have expanded competition in seaports, railroads, telecommunications, electricity generation, natural gas distribution, and airports. Per capita income is one-fourth that of the US; income distribution remains highly unequal. Trade with the US and Canada has tripled since the implementation of NAFTA in 1994. Mexico has 12 free trade agreements with over 40 countries including, Guatemala, Honduras, El Salvador, the European Free Trade Area, and Japan, putting more than 90% of trade under free trade agreements. The new Felipe CALDERON administration that took office in December 2006 faces many of the same challenges that former President FOX tried to tackle, including the need to upgrade infrastructure, modernize the tax system and labor laws, and allow private investment in the energy sector. CALDERON has stated that his top priorities include reducing poverty and creating jobs. The success of his economic agenda will depend on his ability to garner support from the opposition.
In 2007 Missouri exported $1,355,057,512 in goods to Mexico. This ranks Mexico 3rd among the 223 international buyers of Missouri goods. Missouri exports to Mexico increased from the previous year by $115,691,071 a change of 9.33%. State exports to Mexico have increased over the last 5 years by $661,895,319 a change of 95.48%. Missouri exports account for 10.10%. of all 2007 US exports to Mexico.
Agricultural Products at $283,032,528 was the largest export in 2007. The largest dollar gain was Food And Kindred Products with an increase of $58,964,959 a 73.98% change. The biggest dollar loss was in Transportation Equipment with an decrease of $36,931,597 a -11.70% change.
| NAICS Industry | |||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 111 - Agricultural Products | 58,535,059 | 94,211,512 | 180,870,052 | 203,891,728 | 173,633,748 | 283,032,528 | |
| 112 - Livestock And Livestock Products | 2,245,543 | 813,291 | 466,058 | 0 | 225,313 | 1,979,800 | |
| 113 - Forestry Products, Nesoi | 221,016 | 292,019 | 82,279 | 43,056 | 777,950 | 13,549,592 | |
| 114 - Fish, Fresh, Chilled, Or Frozen And Other Marine P | 557,160 | 207,699 | 569,773 | 383,994 | 48,686 | 0 | |
| 212 - Minerals And Ores | 459,189 | 999,301 | 3,049,995 | 1,587,251 | 7,417,976 | 22,143,827 | |
| 311 - Food And Kindred Products | 49,437,642 | 57,583,995 | 53,872,265 | 76,692,135 | 79,703,190 | 138,668,149 | |
| 312 - Beverages And Tobacco Products | 7,169,286 | 11,887,419 | 16,921,213 | 20,992,926 | 24,517,007 | 30,449,169 | |
| 313 - Textiles And Fabrics | 4,584,254 | 3,141,187 | 6,977,443 | 2,601,332 | 6,117,604 | 13,549,592 | |
| 314 - Textile Mill Products | 1,775,166 | 372,847 | 185,669 | 263,831 | 664,719 | 384,545 | |
| 315 - Apparel And Accessories | 354,867 | 234,534 | 210,016 | 42,884 | 347,237 | 369,283 | |
| 316 - Leather And Allied Products | 93,866 | 156,785 | 835,305 | 321,437 | 353,343 | 197,649 | |
| 321 - Wood Products | 930,906 | 480,677 | 2,868,486 | 6,321,024 | 3,034,695 | 30,449,169 | |
| 322 - Paper | 6,390,666 | 6,791,334 | 23,003,922 | 9,603,319 | 40,600,982 | 34,802,633 | |
| 323 - Printing, Publishing And Similar Products | 13,843,319 | 25,251,702 | 5,061,121 | 3,272,803 | 1,501,444 | 3,087,883 | |
| 324 - Petroleum And Coal Products | 146,742 | 328,948 | 816,133 | 933,148 | 1,175,121 | 959,548 | |
| 325 - Chemicals | 53,246,107 | 75,172,224 | 129,272,979 | 142,790,441 | 127,769,147 | 107,633,343 | |
| 326 - Plastics And Rubber Products | 10,416,116 | 17,265,225 | 16,431,152 | 17,839,771 | 18,644,704 | 24,818,429 | |
| 327 - Nonmetallic Mineral Products | 1,997,405 | 2,100,512 | 2,672,854 | 5,066,679 | 6,080,127 | 7,311,832 | |
| 331 - Primary Metal Manufacturing | 49,271,835 | 44,628,228 | 42,358,895 | 52,752,365 | 61,792,816 | 64,141,459 | |
| 332 - Fabricated Metal Products, Nesoi | 20,876,335 | 22,876,491 | 20,979,170 | 35,654,801 | 52,653,155 | 50,815,420 | |
| 333 - Machinery, Except Electrical | 40,285,745 | 39,014,434 | 43,953,536 | 56,164,747 | 83,074,285 | 72,500,968 | |
| 334 - Computer And Electronic Products | 13,139,418 | 15,699,473 | 58,668,675 | 63,154,905 | 49,256,973 | 46,450,166 | |
| 335 - Electrical Equipment, Appliances, And Component | 88,468,475 | 89,273,880 | 120,819,033 | 121,543,679 | 147,298,678 | 143,519,480 | |
| 336 - Transportation Equipment | 252,966,784 | 221,669,800 | 196,956,867 | 317,288,753 | 315,629,642 | 278,698,045 | |
| 337 - Furniture And Fixtures | 2,627,013 | 2,354,397 | 1,119,128 | 1,218,368 | 1,727,681 | 1,354,567 | |
| 339 - Miscellaneous Manufactured Commodities | 5,436,908 | 6,389,552 | 6,726,211 | 6,193,807 | 6,744,068 | 6,883,085 | |
| 511 - Prepackaged Software | 0 | 0 | 14,400 | 13,500 | 0 | 17,263 | |
| 910 - Waste And Scrap | 5,405,930 | 6,556,003 | 6,983,793 | 6,330,983 | 25,374,569 | 12,229,252 | |
| 920 - Used Or Second-hand Merchandise | 265,365 | 496,275 | 216,848 | 34,762 | 418,795 | 592,352 | |
| 990 - Special Classification Provisions, Nesoi | 2,014,076 | 2,066,964 | 3,105,450 | 1,994,685 | 2,782,786 | 4,189,847 | |
| 000 - Total All Industries MO | 693,162,193 | 748,316,708 | 946,068,721 | 1,154,993,114 | 1,239,366,441 | 1,355,057,512 | |
| 000 - Total All Industries US | 97,530,612,979 | 97,457,419,506 | 110,775,284,845 | 120,048,914,393 | 134,167,083,053 | 136,541,261,807 | |