MIAMI/EL PASO, TX: December 07, 2016: Mexican freighter airline AeroUnion has begun a twice-weekly service with either an A330F or B767-200F linking Miami with Mexico City and Mérida.
According to the U.S. Trade Representative (USTR), Mexico is America's third largest goods market with two-way trade valued at US$531 billion in 2015 that supports at least 1.1 million U.S. jobs.
The U.S. goods trade deficit with Mexico was US$58 billion last year with exports valued at US$236 billion and imports at US$295 billion.
Top U.S. exports to Mexico in 2015 were machinery (US$42 billion), electrical machinery (US$41 billion), vehicles (US$22 billion), mineral fuels (US$19 billion), and plastics (US$17 billion).
The USTR said America's exports to Mexico are up 468 percent from a pre-NAFTA level and last year accounted for 15.7 percent of all U.S. exports. As of 2014, U.S. direct investment in the country totaled US$107.8 billion while Mexico has invested US$17.7 billion in the U.S.
Mexico exports to the U.S. last year were motor vehicles (US$74 billion), electrical machinery (US$63 billion), machinery (US$49 billion), mineral fuels (US$14 billion), and optical and medical instruments (US$12 billion).
As part of the logistics support for the expanding two-way trade, California-based Morrison Express says it has developed a streamlined shipping and communication process for cross-border trade between El Paso and Juárez.
El Paso operations manager Mona Lopez explained: "As an example, loads reach our facility and cross the border with on-site, bi-lingual staff who handle the inbound process at origin while communicating in Chinese and see shipments through to pre-inspection by Customs in Mexico in Spanish."
Morrison says manufacturers who use American and Mexican back-shoring programs allow suppliers in Asia, the U.S., Canada and Mexico to cross the border for light assembly, or even complete manufacturing, while leveraging the company's Free Trade Zone (FTZ).
"For large electronics manufacturers, Morrison Express offers clients an expedited 2-3 day express service from Korea, Taiwan, China, and Hong Kong via LAX trans-load and cross dock to feed full containers into our El Paso facility," said Eduardo Vargas, Morrison Express director of Logistics and Customer Solutions. "An FTZ operation grants clients numerous benefits including duty deferment until export, unlimited storage time, electronic admission, and the ability to manipulate cargo stateside," he added.
In 2014 Tampa Cargo, now renamed Avianca Cargo, disclosed a minority shareholding in Mexico's AeroUnion.