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National Data | Chart | Looking (In Vain) for Remittance Benefits
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November 13, 2006, 04:00 AM
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Table 1:

Remittances and the U.S. Trade

 Deficit with Mexico, 1996-2005

($Billions)

 

 Remittances

U.S. Exports to Mexico

U.S. Imports from  Mexico

U.S. Trade Balance with Mexico

1996

$4.22

$56.72

$75.13

($18.41)

1997

4.86

71.22

86.68

(15.46)

1998

5.63

78.62

95.40

(16.78)

1999

5.91

86.76

110.55

(23.79)

2000

6.57

111.18

136.82

(25.64)

2001

8.90

101.18

132.20

(31.02)

2002

9.81

97.24

135.50

(38.26)

2003

13.40

97.22

139.03

(41.81)

2004

16.61

110.70

157.11

(46.41)

2005

20.03

120.26

172.11

(51.85)

2006Est.

23.26

NA

NA

NA

% change, 2000-05:

204.8%

8.2%

25.8%

102.2%

Sources: Bank of Mexico website  (Remittances):

 

Bureau of Economic Analysis (Trade data):

 

Edwin S. Rubenstein (email him) is President of ESR Research Economic Consultants in Indianapolis.