중국의 무역확대가 멕시코 수출에 미치는 영향
The Effects of China's Trade Expansion on Mexican Exports
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Abstract
This paper analyzes the effects of China’s trade expansion on Mexican exports. The export structures of Mexico and China are becoming more and more similar and competition is increasing between them. A 1% increase of China’s share in the US market reduced Mexico’s by 0.185%. China’s trade expansion had an effect of reducing Mexico’s export prices by 2.262%, and import prices by 1.31% between 2001 and 2004. This deteriorated Mexico’s terms of trade by 0.95%. As China’s trade is expected to continuously expand, at least for a while, Mexico’s export decline might persist. For Mexico to reduce the negative effects stemming from China’s trade expansion, it will have to differentiate its products from the Chinese ones through technological improvements or improving the composition. Mexico might also need to diversify the destination of its exports, reducing the share to the US market from its total exports.
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