MEXICO – The U.S. plastics industry's trade surplus with Mexico grew 4% in 2018, to US$11.5 billion, and a new NAFTA deal could open more plastics trade between the two countries, a senior U.S. industry trade association executive said in a speech at Plastimagen.
Perc Pineda, chief economist for the Washington-based Plastics Industry Association, told a forum at Plastimagen in Mexico City, that the global plastics industry faces a more uncertain economy this year.
But he suggested that for 2018 at least, the links between the U.S. and Mexican industries were weathering the heightened political tensions.
"Mexico is the U.S.'s largest market for plastics and vice versa, we have a very strong relationship with Mexico in plastics trade." Mr. Pineda stated.
The executive added that the United States has a similar trade surplus in plastics — mostly in resins — with all of Latin America, and also saw it rise in 2018. It increased 9% to US$17.3 billion.
Source: Plastics News