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FOREIGN TRADE
The main types of exportable items include manufactured goods, oil products, silver, fruits, vegetables, coffee and cotton. The main export partners of Mexico are United States, Canada and Germany. The total Export earnings in the year 2004 have reached at US $ 189,159 million in the year 2004.
The major importable items include metalworking machines, steel mill products, agricultural machinery, electrical equipment, and car parts for assembly, repair parts for motor vehicles, aircraft, and aircraft parts.
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The main import partners of Mexico are United States, China and Japan. The total Import bill in the year 2004 has reached at US $ 197,247 million in the year 2004.
There was a current account balance in the year 1984 with a sum of US $ 4183 million. But presently there is a current deficit in the recent years. In the year 2004 it was US $ -7,355 Million.
CONCLUSION
Presently Mexico has been a member of the North American Free Trade Agreement (NAFTA) and it also belongs to the Organization for Economic Cooperation and Economic Development (OECD). Mexico has investment grade in the financial markets, sound macroeconomic management, which has kept the Mexican economy resilient even during recession in world markets and strong ownership of its development strategy.
Data Source: -World Development Indicators Data Base.
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