Mexico Source 7

What was the total trade value between Mexico and the U.S. in 2023?

• $799 billion

• $750 billion

• $700 billion

• $650 billion

Fill in the blank: In 2023, Mexico was the United States' most important trade partner, with a total trade value of ______.

• $799 billion

• $750 billion

• $700 billion

• $650 billion

Which country is the second-largest export market for the U.S. after Mexico?

• Canada

• China

• Germany

• Japan

Fill in the blank: Mexico buys more products from the U.S. than the ______ area.

• Euro

• Asia

• Africa

• South America

Before NAFTA, Mexico was the most important export market for which two U.S. states?

• A) Texas and Arizona

• B) California and New Mexico

• C) Nebraska and Kansas

• D) Florida and Georgia

What percentage of North American trade consists of intermediate goods?

• 30%

• 40%

• 50%

• 60%

Fill in the blank: About ___% of the final Mexican exports to the U.S. are U.S.-made content.

• 30

• 40

• 50

• 60

Which of the following is NOT listed as a strategic industry in North America?

• Semiconductors

• Textiles

• Electromobility

• Agro-industry

What is one reason Mexico has attracted the attention of companies around the world?

• Lack of skilled labor

• Geographic location

• High taxes

• Limited trade agreements

Which recent U.S. law aims to strengthen semiconductor research and manufacturing?

• Inflation Reduction Act

• CHIPS Act

• Trade Expansion Act

• Supply Chain Act