The Economic Benefits of Texas‑Mexico Trade | The Perryman Group

The Economic Benefits of Texas‑Mexico Trade

Published on February 15, 2024
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Trade between the United States and Mexico is crucial to both nations, and Texas has been the leading state for exports and imports between the two countries for decades. The Perryman Group estimates that trade between Texas and Mexico generates business activity across the United States of almost $1 trillion in gross domestic product annually and more than 8 million jobs (including multiplier effects and based on 2023 trade levels), with much of the activity concentrated in Texas.

Trade is beneficial to both countries, as comparative advantages with regard to costs, infrastructure, and workforce can be tapped to improve overall efficiencies, competitiveness, and growth. Consequently, prosperity both north and south of the border is enhanced.

For more details please refer to the full brief.