Texas economists are confident that the financial upheavals long associated with Mexican elections are a thing of the past. Still, they are closely watching what this summer's presidential contest means for the peso and, in turn, Texas' symbiotic business ties to Mexico.
Texas politicians are paying close attention, too — to whether the trade, security and energy policies of President Felipe Calderón’s successor will affect illegal immigration or the state’s robust trade relationship with Mexico.
Three Texas customs districts, Laredo, El Paso and Houston, rank among Mexico’s top four trading partners. Collectively, they accounted for roughly $235 billion in trade between Texas and Mexico from January to September 2011, according to United States Census data analyzed by WorldCity, which tracks global trade patterns. The figures show an increase over 2010 despite the American recession and unprecedented violence in Mexico because of warring drug cartels.