martes, 19 de noviembre de 2013

Remittances to Mexico are down but not so for the rest of Latin America...

Mexico received an average of US$25.9 billion in remittances between 2006 and 2008. The following four years, annual remittances dropped below their historical highs, averaging US$22.2 billion. This year, I estimate remittances will be around US$21 billion. The Pew Center's Hispanic Trends Project estimates remittances to Mexico will hit US$22 billion, still below 2012's level.

In other Spanish-speaking Latin American countries, the Pew Center estimates that remittances will total US$31.8 billion this year. That will be 1.7% more than last year and slightly above their 2007 peak.

The Pew Center estimates remittances to Spanish-speaking countries this year will total US$53.8 billion, 12.7% less than in 2007. Mexico's estimated share of the total this year is put at 40.9%, slightly down from 42.9% in 2007.

In 2012, three-quarters of remittances to the seventeen Latin American nations came from the US. The figure for Mexico was 98%.

miércoles, 13 de noviembre de 2013

Trade between Mexico and the US is concentrated...

More than three-fifths of Mexican exports went to just three states in 2012 -- Texas, California and Michigan. México exported US$99.9 billion to Texas in 2012, US$38.1 billion to Michigan, and US$36.0 billion to California. Mexico exported US$9.0 billion to Illinois, the fourth most important destination in the US for Mexican exports in 2012. México exported US$63.8 billion to another fourteen states last year.