1. Gather data on the country’s top 10 exports and imports fo...

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1. Gather data on the country’s top 10 exports and imports for the past 20 years. Use HS6 data. 2. Gather data on the country’s top 10 trading partners for the past 20 years. 3. Analyze the data to determine whether there have been any changes in the trade pattern and trade partners over the past 20 years. Country: Mexico Exports 2012: Petroleum Oils, Oils from Bituminous Minerals, Crude 12% Medium sized cars 5.2% Color Television receivers/ monitors/ projectors 5% Digital Computer CPU with some storage/ input/ output 3.9% Spark ignition, Engine trucks weighing < 5 tones 2.9% Telegraphic apparatus 2.3% Gold in unwrought forms non-monetary 2.1% Road tractors for semi-trailers 1.6% Parts of seats 1.5% Motor vehicle parts 1.4% 2011: Petroleum Oils, Oils from Bituminous Minerals, Crude 14% Medium sized cars 5.2% Color Television receivers/ monitors/ projectors 5.2% Digital Computer CPU with some storage/ input/ output 3.1% Spark ignition, Engine trucks weighing < 5 tones 2.5% Transmit- receive apparatus for radio, TV 2.4% Gold in unwrought forms non-monetary 2.2% Road tractors for semi-trailers 1.6% Oils petroleum, Bituminous, distillates, except crude 1.6% Ignition/ other wiring sets for vehicles/aircrafts/ship 1.5% 2010: Petroleum Oils, Oils from Bituminous Minerals, Crude 12% Color Television receivers/ monitors/ projectors 6.4% Medium sized cars 5.8% Transmit- receive apparatus for radio, TV 3.4% Digital Computer CPU with some storage/ input/ output 3.1% Spark ignition, Engine trucks weighing < 5 tones 2.8% Gold in unwrought forms non-monetary 1.9% Ignition/ other wiring sets for vehicles/aircrafts/ship 1.5% Parts of seats 1.4% Motor vehicle parts 1.3% 2009: Petroleum Oils, Oils from Bituminous Minerals, Crude 11% Color Television receivers/ monitors/ projectors 7.6% Medium sized cars 4.8% Transmit-receive apparatus for radio, TV. 3.9% Digital Computer CPU with some storage/ input/ output 2.5% Spark ignition engine trucks weighing < 5 tones 2.4% Telephonic or telegraphic switching apparatus 1.9% Gold in unwrought forms non-monetary 1.7% Ignition/ other wiring sets for vehicles/aircrafts/ship 1.3% Parts of seats 1.1% 2008: Petroleum Oils, Oils from Bituminous Minerals, Crude 15% Color Television receivers/ monitors/ projectors 7.6% Medium sized cars 5.4% Transmit-receive apparatus for radio, TV. 2.6% Spark ignition engine trucks weighing < 5 tones 1.9% Digital Computer CPU with some storage/ input/ output 1.6% Telephonic or telegraphic switching apparatus 1.6% Ignition/ other wiring sets for vehicles/aircrafts/ship 1.5% Motor vehicle parts 1.2% Large sized cars 1.2% 2007: Petroleum Oils, Oils from Bituminous Minerals, Crude 14% Color Television receivers/ monitors/ projectors 7.8% Medium sized cars 5.4% Transmit-receive apparatus for radio, TV. 2.1% Spark ignition engine trucks weighing < 5 tones 2.0% Ignition/ other wiring sets for vehicles/aircrafts/ship 2.0% Digital Computer CPU with some storage/ input/ output 1.7% Parts of seats 1.5% Motor vehicle parts 1.3% Parts and accessories of bodies for motor cycle 1.1% 2006: Petroleum Oils, Oils from Bituminous Minerals, Crude 14% Color Television receivers/ monitors/ projectors 6.7% Medium sized cars 5.6% Spark ignition engine trucks weighing < 5 tones 2.1% Ignition/ other wiring sets for vehicles/aircrafts/ship 2.0% Transmit-receive apparatus for radio, TV. 1.9% Digital Computer CPU with some storage/ input/ output 1.8% Parts of seats 1.5% Parts and accessories of bodies for motor cycle 1.4% Motor vehicle parts 1.2% 2005: Petroleum Oils, Oils from Bituminous Minerals, Crude 13% Color Television receivers/ monitors/ projectors 5.3% Medium sized cars 4.4% Ignition/ other wiring sets for vehicles/aircrafts/ship 2.4% Digital Computer CPU with some storage/ input/ output 2.1% Transmit-receive apparatus for radio, TV. 1.9% Spark ignition engine trucks weighing < 5 tones 1.8% Parts of seats 1.7% Parts and accessories of bodies for motor cycle 1.5% Diesel powered trucks weighing <5 tones 1.4% 2004: Petroleum Oils, Oils from Bituminous Minerals, Crude 11% Color Television receivers/ monitors/ projectors 4.5% Medium sized cars 3.6% Large sized cars 3.0% Digital Computer CPU with some storage/ input/ output 2.5% Ignition/ other wiring sets for vehicles/aircrafts/ship 2.5% Parts of seats 1.9% Spark ignition engine trucks weighing < 5 tones 1.7% Diesel powered trucks weighing <5 tones 1.7% Parts and accessories of bodies for motor cycle 1.5% 2003: Petroleum Oils, Oils from Bituminous Minerals, Crude 10% Medium sized cars 4.6% Color Television receivers/ monitors/ projectors 3.8% Large sized cars 3.6% Ignition/ other wiring sets for vehicles/aircrafts/ship 2.8% Spark ignition engine trucks weighing < 5 tones 2.5% Parts of seats 2.2% Diesel powered trucks weighing <5 tones 1.6% Parts and accessories of bodies for motor cycle 1.5% Transmit-receive apparatus for radio, TV. 1.2% 2002: Petroleum Oils, Oils from Bituminous Minerals, Crude 8.5% Medium sized cars 5.7% Large sized cars 3.6% Color Television receivers/ monitors/ projectors 3.5% Ignition/ other wiring sets for vehicles/aircrafts/ship 3.0% Spark ignition engine trucks weighing < 5 tones 2.9% Parts of seats 1.9% Digital computer CPU with some of storage/input/output 1.8% Parts and accessories of data processing equipment 1.7% Transmit-receive apparatus for radio, TV. 1.3% 2001: Petroleum Oils, Oils from Bituminous Minerals, Crude 7.6% Medium sized cars 6.9% Large sized cars 3.6% Color Television receivers/ monitors/ projectors 3.6% Spark ignition engine trucks weighing < 5 tones 3.1% Ignition/ other wiring sets for vehicles/aircrafts/ship 2.7% Parts and accessories of data processing equipment 2.1% Computer input or output units 1.9% Transmit-receive apparatus for radio, TV. 1.7% Parts of seats 1.6% 2000: Petroleum Oils, Oils from Bituminous Minerals, Crude 9.1% Medium sized cars 7.2% Large sized cars 3.9% Color Television receivers/ monitors/ projectors 3.3% Ignition/ other wiring sets for vehicles/aircrafts/ship 2.8% Parts and accessories of data processing equipment 2.1% Computer input or output units 1.8% Spark ignition engine trucks weighing < 5 tones 1.7% Transmit-receive apparatus for radio, TV. 1.6% Parts of seats 1.5% 1999: Petroleum Oils, Oils from Bituminous 6.8% Minerals, Crude Medium sized cars 6.6% Color Television receivers/ monitors/ projectors 3.8% Ignition/ other wiring sets for vehicles/aircrafts/ship 3.5% Parts and accessories of data processing equipment 2.4% Large sized cars 2.3% Spark ignition engine trucks weighing < 5 tones 2.3% Computer input or Output units 2.0% Parts of seats 1.6% Digital computers with CPU 1.4% 1998: Medium sized cars 6.4% Petroleum Oils, Oils from Bituminous Minerals, Crude Medium sized cars 5.8% Color Television receivers/ monitors/ projectors 4.6% Large sized cars 2.8% Spark ignition engine trucks weighing < 5 tones 2.6% Parts and accessories of data processing equipment 2.2% Computer input or output units 1.9% Digital computers with CPU 1.4% Parts of seats 1.4% Radio Receivers, External 1.1% Imports 2013: Oils petroleum, bituminous, distillates, except crude 6.7% Monolithic integrated circuits, except digital 3.2% Parts for radio/TV transmit/ Receive equipment 2.1% Transmit-receive apparatus for radio, TV, etc. 1.9% Parts and accessories of data processing equipment 1.8% Medium sized cars 1.3% Motor vehicle parts 1.2% Parts and accessories of bodies for motor vehicle 1.2% Computer data storage units 1.1% Transmission for motor vehicles .99% 2012: Oils petroleum, bituminous, distillates, except crude 7.1% Parts for radio/TV transmit/ Receive equipment 2.9% Parts and accessories of data processing equipment 1.9% Transmit-receive apparatus for radio, TV 1.6% Monolithic integrated circuits, except digital 1.4% Medium sized cars 1.3% Motor vehicle parts 1.1% Computer data storage units 1.0% Plastic articles .96% Color television receivers/ monitors/ projectors .67% 2011: Oils petroleum, bituminous, distillates, except crude 8.0% Monolithic integrated circuits, except digital 2.6% Parts for radio/TV transmit/ Receive equipment 2.5% Parts and accessories of data processing equipment 1.7% Parts of line/ telegraph equipment 1.5% Transmit-receive apparatus for radio, TV, etc. 1.4% Medium sized cars 1.2% Motor vehicle parts 1.2% Optical devices, appliances and instruments 1.0% Maize except seed corn .91% 2010: Oils petroleum, bituminous, distillates, except crude 6.2% Parts for radio/TV transmit/ Receive equipment 3.3% Monolithic integrated circuits, except digital 2.5% Parts and accessories of data processing equipment 2.0% Parts of line/ telegraph equipment 1.7% Transmit-receive apparatus for radio, TV, etc. 1.6% Medium sized cars 1.3% Plastic articles 1.3% Motor vehicle parts 1.2% Optical devices, appliances and instruments 1.1% 2009: Oils petroleum, bituminous, distillates, except crude 4.9% Parts for radio/TV transmit/ Receive equipment 4.0% Parts and accessories of data processing equipment 2.9% Monolithic integrated circuits, except digital 2.3% Transmit-receive apparatus for radio, TV, etc. 1.7% Parts of line/ telegraph equipment 1.6% Medium sized cars 1.2% Optical devices, appliances and instruments 1.2% Motor vehicle parts 1.1% Telephonic or telegraphic switching apparatus .83% 2008: Oils petroleum, bituminous, distillates, except crude 6.6% Parts for radio/TV transmit/ Receive equipment 2.9% Monolithic integrated circuits, except digital 1.9% Transmit-receive apparatus for radio, TV, etc. 1.6% Medium sized cars 1.5% Parts of line/ telegraph equipment 1.5% Optical devices, appliances and instruments 1.4% Motor vehicle parts 1.1% Parts and accessories of bodies for motorcycles 1.0% Large sized cars 1.0% 2007: Oils petroleum, bituminous, distillates, except crude 4.9% Parts for radio/TV transmit/ Receive equipment 3.1% Parts and accessories of data processing equipment 2.3% Optical devices, appliances and instruments 2.1% Medium sized cars 2.0% Transmit-receive apparatus for radio, TV, etc. 1.6% Motor vehicle parts 1.4% Large sized cars 1.3% Parts and accessories of bodies for motor cycles 1.0% Articles of iron or steel .85% 2006: Oils petroleum, bituminous, distillates, except crude 3.5% Parts for radio/TV transmit/ Receive equipment 3.5% Medium sized cars 2.1% Parts and accessories of data processing equipment 2.0% Monolithic integrated circuits, except digital 2.0% Motor vehicle parts 1.7% Large sized cars 1.4% Transmit-receive apparatus for radio, TV, etc. 1.4% Optical devices, appliances and instruments 1.3% Electrical switch 1.0% 2005: Parts and accessories of data processing equipment 3.3% Oils petroleum, bituminous, distillates, except crude 3.2% Parts for radio/TV transmit/ Receive equipment 2.6% Medium sized cars 2.1% Motor vehicle parts 1.7% Large sized cars 1.3% Plastic articles 1.3% Optical devices, appliances and instruments 1.3% Parts and accessories of bodies for motor cycles 1.1% Natural gas in gaseous state .85% 2004: Parts and accessories of data processing equipment 2.8% Medium sized cars 2.2% Parts for radio/TV transmit/ Receive equipment 2.0% Monolithic integrated circuits, except digital 1.9% Oils petroleum, bituminous, distillates, except crude 1.7% Motor vehicle parts 1.6% Parts and accessories of bodies for motor cycles 1.4% Electrical switch, protector 1.3% Large sized cars 1.1% Transmit-receive apparatus for radio, TV, etc. 1.1% 2003: Parts and accessories of data processing equipment 4.3% Medium sized cars 2.2% Monolithic integrated circuits, except digital 1.7% Motor vehicle parts 1.6% Parts and accessories of bodies for motor cycles 1.6% Plastic articles 1.5% Oils petroleum, bituminous, distillates, except crude 1.4% Transmit-receive apparatus for radio, TV, etc. 1.4% Large sized cars .98% Articles of iron or steel .85% 2002: Parts and accessories of data processing equipment 3.3% Medium sized cars 2.3% Motor vehicle parts 1.8% Parts and accessories of bodies for motor cycles 1.7% Monolithic integrated circuits, except digital 1.6% Plastic articles 1.5% Oils petroleum, bituminous, distillates, except crude 1.4% Electrical switch 1.3% Large sized cars 1.2% Spark ignition engine trucks weighing <5 tones 1.0% 2001: Parts and accessories of data processing equipment 2.0% Medium sized cars 1.9% Oils petroleum, bituminous, distillates, except crude 1.8% Motor vehicle parts 1.7% Parts and accessories of bodies for motor cycles 1.6% Monolithic integrated circuits, except digital 1.6% Plastic articles 1.5% Transmit-receive apparatus for radio, TV, etc. 1.3% Large sized cars 1.1% Articles of iron or steel .98% Electronic printed circuits 0.94% 2000: Parts and accessories of bodies for motor cycles 2.1% Oils petroleum, bituminous, distillates, except crude 2.0% Monolithic integrated circuits, except digital 1.9% Plastic articles 1.8% Parts and accessories of bodies for motor vehicle 1.7% Medium sized cars 1.4% Transmit-receive apparatus for radio, TV, etc. 1.4% Large sized cars 1.2% Articles of iron or steel 1.2% Electronic printed circuits 1.1% 1999: Plastic articles 2.1% Motor vehicle parts 2.1% Monolithic integrated circuits, except digital 1.8% Color cathode-Ray television picture tubes, monitors 1.7% Parts and accessories of bodies for motor vehicle 1.4% Oils petroleum, bituminous, distillates, except crude 1.4% Parts and accessories of data processing 1.3% Electrical switch, protector, connecter 1.2% Transmit-receive apparatus for radio, TV. 1.1% Large sized cars 1.1% 1998: Plastic articles 2.0% Motor vehicle parts 1.8% Color cathode-Ray television picture tubes, monitors 1.7% Parts and accessories of data processing equipment 1.6% Parts and accessories of bodies for motor vehicle 1.5% Monolithic integrated circuits, except digital 1.4% Oils petroleum, bituminous, distillates, except crude 1.4% Large sized cars 1.1% Soya beans .72% Medium sized cars .61% Mexico is one of the leading trading nations in the world and the first in Latin America. Mexico has entered into a network of 12 Free Trade Agreements involving 44 countries. Mexico grew in the past few years and has the second position between the APEC Asian countries with investments in Mexico. Mexico best trading partner is United states because of their proximity; they have an agreement (NAFTA) North American Free Trade Agreement since 1994. Mexico imports and exports have been increasing and in 2013 Mexico had a positive trade balance of $24.3 billion in net exports compared to $15 billion in 1995. Mexico is about to be the largest exporter of cars, if they haven’t surpassed it yet. The only declining category is the precious metals exports. Oil exports will now have a drastic change since the energy reforms was taking place. In the next two years’ international companies will be able to settle in Mexico and begin exporting oil to other countries. Before the energy reform only the government (Pemex) could extract and export oil.

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There are many theories of international trade which could be used to explain the trade patterns of Mexico over the last 10 years. The Data collected on the imports and exports of Mexico over the last 10 years clearly shows that Mexico has an abundant source of Petroleum Oils, Oils from Bituminous Minerals, Crude petroleum and the major exports from Mexico had been crude petroleum over the last 10 years. This can be explained using the absolute advantage model as given by Adam Smith as Mexico has abundant oil resources which give it absolute advantage in exporting crude oil to other countries. It can also be explained using comparative advantage clearly as given by David Ricardo, as Mexico has comparative advantage in extraction of crude oil than the production of other products in the country...

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