Report notes half of trade relationship centers on
automotive industry
MURFREESBORO,
Tenn. — MTSU’s Business and Economic Research Center explores the trade
relationship between Tennessee and Mexico in its latest “Global Commerce”
report.
Report
author Steven Livingston notes that Mexico “is a large part of Tennessee’s
economy,” with the Volunteer State exporting almost $5 billion to Mexico in
2015 while importing $7 billion that same year. The report comes as President
Donald Trump and his administration scrutinizes the relationship with the key trade
partner along the country’s southern border, including the North American Free
Trade Agreement, or NAFTA.
The
Tennessee-Mexico trade relationship, a good deal of which is concentrated
within the automotive industry, “is larger than the entire economy of the
Clarksville or Kingsport areas,” stated Livingston, a political science
professor and editor of Global Commerce. “Only eight American states export
more to Mexico, and only four import more.”
View the
full “Global Commerce” report, including maps and charts, at http://capone.mtsu.edu/berc/globalcommerce.html.
In 2015,
15 percent of Tennessee’s foreign shipments went to Mexico, while 9 percent of
its imports came from Mexico, the report states. The majority of exports to
Mexico were destined for states where U.S. automakers have manufacturing
operations.
“For the
most part, it’s not a matter of exchanging products but of sharing supply
chains,” Livingston noted about the auto industry trade. “Policies that aim to
change that would certainly have a significant impact on the Tennessee economy
and in ways that would be difficult to predict.”
For more
information about the report, contact Livingston at 615-898-2720 or email steven.livingston@mtsu.edu.
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