Mexico could be the top US supplier in 5 years

Mexico could become the main supplier of goods to the US by 2018, beating China and Canada, according to analysts from HSBC

  • By Emerging Markets Editorial Team
  • 05 Feb 2013
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Latin America’s merchandise trade tripled in just one decade, reaching $1.9 trillion in 2011, with emerging markets, and China in particular, representing a growing part of that trade, Andre Loes, chief economist for Latin America at HSBC Bank Brasil S.A. – Banco Multiplo, wrote in a report.

China was the main export destination for products from Brazil, Chile and Peru in 2011 and could surpass the US as the largest trade destination for the whole region by 2030, Loes said.

“Mexico stands out in the region, as it has developed a vibrant and competitive industrial trade specialization, integrated with the US economy,” he added.

“HSBC believes Mexico could be the main supplier of merchandise to the US as early as 2018.”

Exports of manufactured goods from Mexico to the US increased at a compounded annual growth rate of 5.25% per year between 2001 and 2011, to $197.5 million.

Latin America’s second-largest economy is the world’s biggest exporter of flat screens and refrigerators, silver, tomatoes, avocados and papayas, according to the HSBC research.

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It also is the 8th largest producer of cars in the world – but the fourth-biggest exporter.

The US accounted for 79% of Mexico’s exports in 2011, and for 50% of its imports. Asia supplied around 26% of Mexico’s imports, with China supplying 58% of those.

Finally, the HSBC analysts noted, Mexico is “by far the most open large economy of Latin America,” with a total trade to gross domestic product ratio of over 60%, compared with just 36% of GDP in Latin America on average.

In emerging Europe, exports plus imports represent 63% of GDP while in developing Asia they rise to 72%.

  • By Emerging Markets Editorial Team
  • 05 Feb 2013

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Sep 2016
1 JPMorgan 289,804.60 1219 8.81%
2 Citi 261,914.62 960 7.96%
3 Barclays 242,960.70 769 7.39%
4 Bank of America Merrill Lynch 234,940.65 844 7.14%
5 HSBC 199,787.93 812 6.08%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Sep 2016
1 JPMorgan 27,842.68 49 6.95%
2 BNP Paribas 27,066.67 131 6.76%
3 UniCredit 26,306.88 128 6.57%
4 HSBC 21,119.91 104 5.27%
5 ING 18,225.10 113 4.55%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Sep 2016
1 JPMorgan 13,539.40 70 10.98%
2 Goldman Sachs 10,577.65 57 8.58%
3 Morgan Stanley 9,254.31 46 7.50%
4 Citi 7,573.69 40 6.14%
5 Bank of America Merrill Lynch 7,346.61 35 5.96%