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G.M. is investing $5 billion to upgrade its plants in Mexico. Toyota, Volkswagen, Honda and BMW are all adding jobs and new products at their Mexican facilities. And as with Ford, any manufacturing those companies keep in the United States will probably involve more expensive vehicles whose profit margins justify the higher labor costs of building them.
Mexico manufactures and exports the same amount of goods as the rest of Latin America combined. Foreign trade is a larger percentage of Mexico's economy than any other large country. Mexico's #1 export is manufactured products. It also exports silver, fruits, vegetables, coffee, and cotton. Mexico is the world's eighth largest producer of oil, at nearly three million barrels per day.