WORLD HISTORY

HISTORY

THE WORLD TODAY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Oil is an important export for Mexico.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Exports The top exports of Mexico are Cars ($41.5B), Motor vehicles; parts and accessories (8701 to 8705) ($30.7B), Computers ($30.3B), Delivery Trucks ($27.1B), and Crude Petroleum ($20.3B), exporting mostly to United States ($361B), Canada ($17.4B), China ($9.82B), Chinese Taipei ($8.05B), and Germany ($7.63B).

Detailed explanation-2: -Trade Balance The main destinations of Mexico exports on Crude Petroleum were Chinese Taipei ($7.03B), United States ($4.36B), Spain ($2.94B), India ($2.87B), and South Korea ($2.86B). In 2021, Mexico imported $1.54k in Crude Petroleum, mainly from Spain ($1.51k) and Brazil ($27).

Detailed explanation-3: -US imports of fuel oil from Mexico have increased in the first half of 2022, with strong coker demand in the US soaking up a surplus across the border, replacing barrels from Russia, an analysis of US Customs data showed July 22.

Detailed explanation-4: -Oil. One of the major destinations for Mexican oil is the United States, accounting for 48% of the oil produced in by the nation. Vehicles. Exportation of cars in Mexico has gone up with the industry accounting for 11% of all of Mexico’s exports. Minerals. Corn. Electrical machinery. Refined oil. Medical equipment. 24-Jan-2020

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