Mexico's Trade Deficit with Israel Continues Under Free Trade Agreement

Four years after the implementation of the free trade agreement (FTA) between Mexico and Israel, the North American country continues to experience a significant trade deficit. Despite reaching a total trade value of US$370 million in 2003, Mexico's exports to Israel were only US$56 million, whereas imports from Israel totaled US$313 million. This disparity has resulted in a trade deficit of US$256 million. Mexico's FTA with Israel, which went into effect in 2000, has favored Israel, with its exports being six times higher than Mexico's in the same period.

Key Takeaways:

• Mexico's trade deficit with Israel under the FTA has continued, with a deficit of US$256 million in 2003.
• Mexico's exports to Israel totaled US$56 million, while imports from Israel reached US$313 million in 2003.
• The FTA has favored Israel, with its exports being six times higher than Mexico's in the period since its implementation.
• Mexico's trade with the European Union has been more significant, with exports totaling US$5.59 billion in 2003.
• Mexico's foreign trade with Israel accounted for only 0.1% of the country's total foreign trade in 2003.
• The trade value between Mexico and Israel improved by 318% between 1994 and 2003, reaching US$370 million in the latter year.

Statistics:

• Mexico's trade deficit with Israel: US$256 million (2003)
• Mexico's exports to Israel: US$56 million (2003)
• Mexico's imports from Israel: US$313 million (2003)
• Total trade value between Mexico and Israel: US$370 million (2003)
• Improvement in trade value between Mexico and Israel: 318% (1994-2003)
• USA's share of Mexico's foreign trade: Not reported
• Israel's share of Mexico's foreign trade: 0.1% (2003)

Sources:

• Cronica/Corporate Mexico by Internet Securities, Inc. via COMTEX
• Economy Secretariat
• Association of Mexican Importers and Exporters (ANIERM)