The complexities and economics of Arizona’s border relationship
By Karl Reiner
Although it is of little concern in the state capital, Arizona's exporters had a good first quarter of 2013. U.S. merchandise exports to Mexico totaled $53.5 billion, an increase of $487 million over the same period last year. Texas was the leading state with $24.16 billion, followed by California, Michigan and Louisiana. Arizona ranked fifth with $1.65 billion, up $132 million over the previous year's first quarter.
Mexico's stock market hit an eight-month low in May. Sluggish sales to the U.S. (Mexico's largest export market) during the first quarter of 2013 slowed the economy. Mexico's economic growth forecast was reduced to 3.1% from 3.5%.