November 13, 2006

National Data, By Edwin S. Rubenstein

Looking (In Vain) for Remittance Benefits

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.

The articles on VDARE.com are brought to you by the VDARE Foundation. We are supported by generous donations from our readers. Contributions are tax deductible and appreciated. Contribute...