Mexico Canada trade relations

Transcription

1 Mexico Canada trade relations Through NAFTA, Mexico and Canada have also strengthened their trade ties; as a result trade flows between Mexico and Canada have shown an outstanding performance, depicted by its annual average growth rate indicator which was established at 13.4 percent for the first nine years of the agreement. This has led to establish Mexico as Canada s main trading partner in Latin America and its fourth largest partner worldwide following the United States, Japan and the China. During 2002, Mexico and Canada conducted $12,570.7 million in bilateral trade, this in turn is more than three times higher than the value of trade established in the year prior to NAFTA (a growth rate of percent between 2002 and 1993); moreover it also represents an increase of 4.4 percent in comparison with the bilateral trade of Mexico-Canada trade: Monthly trends January December 2002 (Value in million US dollars) Mexican imports from Canada Canadian imports from Mexico Mexico's trade surplus with Canada Jan-93 Jan-94 Jan-95 Jan-96 Jan-97 Jan-98 Jan-99 Jan-00 Jan-01 Jan-02 Source: The Ministry of the Economy with data from BANXICO and STATISTICS CANADA Mexico has become one of the most important destinations for Canadian products; in fact, it is ranked as Canada s third largest export market only behind the United States and Japan. In 2002, Canadian exports to Mexico registered a record amount reaching $4,480 million; 5.8 percent more than the previous year and an increase of percent from the level established in In terms of Mexico s import market, Canadian products accounted for 2.7 percent of Mexico s total imports, making Canada the fifth largest foreign supplier of Mexico in 2002.

2 Likewise, Mexico is Canada s fourth largest supplier following the United States, China and Japan. In only ninth years of NAFTA s implementation Mexican exports to Canada have almost tripled (an increase of about percent), reaching $8,090 million in 2002; furthermore, these exports also represented an increase of 3.6 percent from the level of 2001, and accounted for 3.7 percent of Canada s total import market. In addition, the export patterns illustrate how both countries are building a strong and balanced trade relationship. In 2002, there was a large range of goods in which Canada is the first supplier to Mexico from agricultural to metal and mineral products, to name a few. Main products in which Canada is Mexico's top import supplier Thousand dollars No. Item Description 2002 Growth rate 02/01 02/ Other rape or colza seeds, wheather or not broken 95, Bars & rods, alloy steel, o/t stainless nfw than hot rolled 69, Driving bogies and bissel-bogies 56, N.C Helicopters of an unladen weight exceeding 2,000 kg 30,034 N.C. 1, Low erucic acid rape or colza seeds 29, Canary seed 28, Flat rolled prod, i/nas, in coil, hr, pickled, ò600mm wide, 23,101 18,045.8 N.C Paper, sack kraft, in rolls, unbleached, uncoated 13, N.C Diesel powered trucks with a GVW exc five tonnes but not ex 10, , Lentils dried, shelled, whether or not skinned or split 8, Swine, live pure-bred breeding 7, Shearing mach (inc presses) o/t combined punching/shearing 7, , Glycosides and their salts, ethers, est- ers and other deri 7,175 N.C. N.C Freezers of the chest type, not exceeding 800 l capacity 7, , Semi-chemical wood pulp 6, Nickel unwrought, not alloyed 6, Potatoes seed, fresh or chilled 5, N.C Flat rolled products, i/nas,hot rolled, <600mm wide ò4.75m 5, N.C Opacifying prep, x-ray; diagnostic reagents, designed for a 5, , Sulphur of all kinds, o/t sublimed, precipitated and colloi 4, N.C. Source: Ministry of Economy with data from BANXICO High quality in production has made Mexico Canada s top supplier of items such as vehicles, electronic equipment and agricultural goods. With NAFTA, it is no surprise that so many Canadians are taking advantage of the easily accessible trade environment, which affords new personal choices to consumers and producers.

3 Main products in which Mexico is Canada's top import supplier Thousand dollars No. Item Description 2002 Growth rate 02/01 02/ Safety seat belts for motor vehicles 200, Automobiles with diesel engine displacing more than 1500 cc 128, , Line telephony electrical apparatus, nes 74, N.C Beer made from malt 49, , Ballasts for discharge lamps or tubes 39, Springs, leaf and leaves therefor, iron or steel 25, Universal AC/DC motors of an output exceeding 37.5 W 23,486 5, , Brassieres and parts thereof, of textile materials 22, Ceramic sinks, wash basins etc & similar sanitary fixtures 21, , Cucumbers and gherkins, fresh or chilled 15, Guavas, mangoes and mangosteens, fresh or dried 14, Avocados, fresh or dried 14, Pipes, line, iron or steel, smls, of a kind used for oil or 12, N.C Time switches with clock or watch movement or with synchron 9, Fluorspar, containing by weight more than 97% of calcium fl 7, , Heterocyclic compds cntg an unfused furan ring in the struc 6, , Electric smoothing irons 4, Womens/girls briefs and panties, of man-made fibres, knitte 4, Girdles, panty girdles and parts there- of, of textile mate 3, , Railway cars, closed and covered 2, N.C. Source: Ministry of Economy with data from Statistics Canada

4 Mexico-Canada trade by province In 2002, roughly 97 percent of Mexico-Canada trade was concentrated in only five out of the ten Canadian provinces: Ontario, Quebec, Alberta, British Columbia and Manitoba. This trade pattern shown in Mexico-Canada trade relationship can be explained by Canada s population distribution, since these five provinces accounted for approximately 88 percent of Canada s total population. In terms of exports to Mexico, provinces such as Ontario, Alberta, Quebec, Saskatchewan and Manitoba altogether participated with almost 94 percent of Canada s total shipments of goods to Mexico during Likewise, among all Canadian provinces and territories, Ontario, Quebec, British Columbia, Alberta and Manitoba have been established as the main markets for Mexican products; subsequently in 2002 these provinces received more than 99 percent of Canada s imports from Mexico.

5 Mexico-Ontario trade Among Canadian provinces Ontario is Mexico s main trading partner, in fact, last year the accumulated trade amount with this province accounted for three quarters of Mexico-Canada s total trade (78 percent). Hence, trade flows by the end of 2002 between Mexico and Ontario reached $7,461 million, 4.4 percent more than in 2001 and almost three times (176.3 percent) that registered in 1993, the year prior to the entry into force of NAFTA. Likewise, Mexico has become one of the most important foreign suppliers in this province; in fact, during 2002 Mexico represented Ontario s second largest import supplier only behind the United States. By the end of the last year, Ontario s imports from Mexico surpassed $6,764 million, an increase of 8 and 181 percent in comparison with those registered in 2001 and 1993, respectively. On the other hand, Mexico has been established as one of the most important destinations for Ontario s exports; it was ranked as Ontario s third largest export market in 2002, only behind the United States and the United Kingdom. During this year of reference, Ontario s exports to Mexico reached more than $698 million, 20.7 percent lower than its value in the previous year, but it has doubled the level established in 1993 (a growth rate of 137.4%). Imports 142,990 Ontario imports and exports by country (share and rank annual 2002) 1-US 72.5% 1-US 93.5% Exports 131,634 2-Mexico 4.7% 3-China 3.5% 4-Japan 3.1% 5-Germany 1.7% 6-UK 1.3% 2-UK 1.0% 3-Mexico 0.5% 4-China 0.5% 5-Japan 0.4% 6-Germany 0.4%

6 Mexico-Quebec trade In 2002, Quebec represented Mexico s second largest trading partner within Canada. Trade between Mexico and Quebec totalled $641.8 million, this value represented an increase of 87.9 percent from the amount established in 1993, but it also accounts for a reduction of 21.7 percent in comparison with its value of Nevertheless, Quebec s trade with Mexico accounted for 6.7 percent of Mexico-Canada total trade of Mexico has become one of the most important foreign suppliers in this province, it was established as Quebec s thirteenth import supplier for the last year. Thus during 2002, Mexico s exports to Quebec reached $432.3 million, these exports have represented an increase of 68.7 percent from its level of 1993; however, they have accounted for a decrease of 33.5 percent from those established in Similarly, Mexico is one of the most important destinations for Quebec s exports; in 2002 Mexico ranked as Quebec s tenth largest export market. During this year of reference, Quebec s exports to Mexico reached more than $209.5 million, accounting for growth rates of 24 and percent from the amounts registered in 2001 and 1993, respectively. Imports 32,727 Quebec imports and exports by country (share and rank annual 2002) 1-US 37.2% 1-US 84.0% Exports 43,481 2-UK 8.9% 3-China 6.5% 4-France 4.5% 5-Germany 4.0% 13-Mexico 1.3% 2-Germany 1.8% 3-UK 1.6% 4-France 1.4% 5-Netherlands 1.2% 10-Mexico 0.5%

7 Mexico-Alberta trade During 2002, Mexico s trade with Alberta reached $597 million, making Alberta Mexico s third largest trading partner within the Canadian provinces and registering more than six times the amount of 1993; however, this value has also represented a moderate reduction of 4.9 percent from the level achieved in Two-way trade with Alberta accounted for 6.2 percent of the total trade flows conducted by Mexico and Canada throughout Meanwhile, Mexico has become one of the most important foreign suppliers to this province; it was established as Alberta s second largest import supplier in 2002, the value of the Mexican shipments of goods and services to Alberta totalled $317.4 million, which has represented an annual increase of 1.7 percent and almost ten times the value registered in 1993 ($32.9 million) Likewise, in 2002 Mexico ranked as Alberta s fourth largest export market and the first in Latin America, accounting for 0.9 percent of Alberta s exports to the world. During this year of reference, Alberta s exports to Mexico surpassed $279.6 million, an increase of 324 percent from its level in 1993 and also accounted for a reduction of about 11.3 percent when compared with the exports registered in Imports 8,182 Alberta imports and exports by country (share and rank annual 2002) 1-US 72.5% 1-US 88.3% Exports 31,684 2-Mexico 3.9% 3-UK 2.8% 4-China 2.6% 5-Italy 2.2% 6-Germany 2.0% 2-Japan 2.4% 3-China 1.5% 4-Mexico 0.9% 5-South Korea 0.9% 6-Taiwan 0.6%

8 Mexico-British Columbia trade British Columbia represented Mexico s fourth largest trading partner; during the last year, Mexico s trade with British Columbia reached $444.9 million, an increase of 13.7 and percent from the values traded in 2001 and 1993, respectively. In 2002, British Columbia s trade with Mexico accounted for 4.6 percent of Mexico-Canada total trade. Furthermore, Mexico has become one of the most important foreign suppliers in this province; for the period of 2002 Mexico represented British Columbia s sixth import supplier. British Columbia s imports from Mexico during 2002 surpassed $393 million, this value represents growth rates of and 15.5 percent from the levels established over 1993 and 2001, respectively In a similar manner Mexico ranked as British Columbia s twentieth largest export market, accounting only for 0.3 percent of British Columbia s total exports in However, during this year of reference, the value of the goods and services exported by British Columbia to Mexico surpassed $51.8 million, which represents growth rates of 1.6 and 41.3 percent from the values established in 2001 and 1993, respectively. Imports 20,063 British Columbia imports and exports by country (share and rank annual 2002) 1-US 37.5% 1-US 68.7% Exports 19,032 2-Japan 22.8% 3-China 13.3% 4-South Korea 6.3% 5-Taiwan 3.1% 6-Mexico 2.0% 2-Japan 12.9% 3-China 2.8% 4-South Korea 2.6% 5-Italy 1.4% 20-Mexico 0.3%

9 Mexico-Manitoba trade Manitoba has been established as Mexico s fifth largest trading partner among Canadian provinces; consequently Mexico s trade flows with Manitoba throughout 2002 reached $219.5 million, 1.5 percent less than its value in the previous year, but it has almost quadrupled the level established in 1993 ($55.9 million). At the same time, Mexico has become one of the most important foreign suppliers in this province; during 2002 Mexico represented Manitoba s fourth import supplier, following the US, France and China. In 2002, Manitoba s imports from Mexico surpassed Cdn$118.4 million, an annual increase of 8.4 percent and more than seven times the imports registered in On the other hand, Mexico is now one of the most important destinations for Manitoba s exports; it was ranked as Manitoba s third largest export market in 2002, only behind the United States and Japan. During this year of reference, Manitoba s exports to Mexico reached more than $101.1 million, 11 less than its value established in the previous year, but it has also accounted for an increase of about percent when compared with the exports registered in Imports 7,220 Manitoba imports and exports by country (share and rank annual 2002) 1-US 74.0% 1-US 81.5% Exports 5,997 2-France 11.5% 3-China 2.2% 4-Mexico 1.6% 5-Germany 1.2% 6-Japan 1.0% 2-Japan 5.0% 3-Mexico 1.7% 4-Hong Kong, China 1.2% 5-Belgium 1.2% 6-China 0.8%