Trade between Mexico and the United States, 1870-1929: Statistical reconstruction and general tendencies

This article aims at reconstructing the yearly values of the bilateral trad e between Mexico and the United States in the era of liberal capitalism, th at is, between 1870 and 1929. It provides with a new series of commodity im ports and exports, specie flows, and the balance of trade between the two n ations. Based upon the new series, the article analyses the evolution of bi lateral trade and the role of the United States in Mexico's external commer ce. It follows the process by which the United States became Mexico's main trading partner, and points to some of the forces that drove this process.