Top Trading Partners
Total Trade: $512.22 billion
|7||Low Value Shipments||$8,541,045,940|
|8||Port Arthur, Texas||$4,702,179,208|
January – November 2017
Top U.S. Trading Partners
Total U.S. trade: $3.55 trillion
Mexico’s trade rose to $512.22 billion through November
Mexico’s trade with the United States rose 6.16 percent, from $482.5 billion to $512.22 billion when compared to the same period the previous year, according to a WorldCity analysis of latest U.S. Census Bureau data. U.S. exports to Mexico increased 5.39 percent while imports from Mexico rose 6.76 percent. The U.S. deficit with Mexico was $65.68 billion.
Mexico ranked No. 3 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 4. Mexico’s top U.S. Customs districts for total imports and exports were No. 1 Laredo, No. 2 El Paso, No. 3 San Diego, No. 4 Phoenix/Nogales and No. 5 Houston compared to the last year when the top spots were held by No. 1 Laredo, No. 2 El Paso, No. 3 San Diego, No. 4 Phoenix/Nogales and No. 5 Houston. In the current time period, the top five accounted for 88.97 percent of Mexico’s U.S. trade. That compares to 89.98 percent for the nation’s top five Customs districts during the same time period in the previous year.
Taking a closer look:
- Trade with No. 1 Laredo rose 7.91 percent to $270.25 billion.
Exports rose 7.04 percent to $115.71 billion. Imports rose 8.57 percent to $154.54 billion.
- Trade with No. 2 El Paso fell 1.68 percent to $85.51 billion.
Exports fell 5.5 percent to $36.52 billion. Imports rose 1.38 percent to $48.99 billion.
- Trade with No. 3 San Diego rose 2.06 percent to $55.95 billion.
Exports rose 2.37 percent to $20.94 billion. Imports rose 1.88 percent to $35.01 billion.
- Trade with No. 4 Phoenix/Nogales fell 7.03 percent to $25.89 billion.
Exports fell 7.23 percent to $10.19 billion. Imports fell 6.9 percent to $15.7 billion.
- Trade with No. 5 Houston rose 29.07 percent to $18.15 billion.
Exports rose 27.47 percent to $11.38 billion. Imports rose 31.87 percent to $6.76 billion.
Through November, 15 Customs districts posted trade surpluses with Mexico while 31 had deficits. That compares with 19 surpluses and 27 deficits for the same period one year ago. The top surplus was with Houston at $4.62 billion, the largest deficit was with Laredo at $38.83 billion.
Top Exports to Mexico
Total YTD: $223.27 billion
|1||Gasoline, other fuels||$18,365,934,439|
|2||Motor vehicle parts||$14,889,205,807|
|4||Low value shipments||$6,234,581,109|
|7||Petroleum gases, other gaseous hydrocarbons||$4,057,515,185|
|8||Cell phones, related equipment||$3,836,649,265|
|9||Electrical supplies, apparatus, less than 1000V||$3,667,329,517|
January – November 2017
Top Imports from Mexico
Total YTD: $288.95 billion
|1||Motor vehicles for transporting people||$27,529,901,804|
|3||Motor vehicle parts||$21,129,886,571|
|5||Cell phones, related equipment||$10,160,697,000|
|6||Insulated wire, cable||$9,246,011,932|
|7||TVs, computer monitors||$9,088,782,910|
|9||Seats, excluding barber, dental||$6,474,108,307|
|10||Medical instruments for surgeons, dentists, vets||$5,510,539,270|
Meanwhile, total U.S. trade with the world increased to $3.55 trillion, up 6.62 percent compared to the same period last year. The nation’s exports climbed 6.27 percent to $1.41 trillion; imports climbed 6.86 percent to $2.14 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.36 billion, up compared to the same period of last year when the deficit was $678.15 billion.
The top five U.S. exports to Mexico, by value through November were the categories of Gasoline, other fuels; Motor vehicle parts; Computer parts; Low value shipments; and Computer chips, respectively. They accounted for 24.59 percent of total exports to Mexico.
The value of the top five categories of U.S. imports from Mexico –– Motor vehicles for transporting people; Commercial vehicles; Motor vehicle parts; Computers; and Cell phones, related equipment –– accounted for 33.91 percent of all inbound shipments.
Looking more closely at U.S. exports to Mexico:
- Gasoline, other fuels rose 27.82 percent compared to last year to $18.37 billion.
- Motor vehicle parts rose 2.6 percent compared to last year to $14.89 billion.
- Computer parts fell 4.7 percent compared to last year to $9.63 billion.
- Low value shipments rose 5.04 percent compared to last year to $6.23 billion.
- Computer chips rose 2.63 percent compared to last year to $5.77 billion.
Looking more closely at U.S. imports from Mexico:
- Motor vehicles for transporting people rose 26.37 percent compared to last year to $27.53 billion.
- Commercial vehicles rose 5.33 percent compared to last year to $21.14 billion.
- Motor vehicle parts rose 1.55 percent compared to last year to $21.13 billion.
- Computers rose 8.95 percent compared to last year to $18.04 billion.
- Cell phones, related equipment fell 14.32 percent compared to last year to $10.16 billion.
In the latest annual figures available, Mexico recorded $525.11 billion in trade with the United States. At year’s end, its top five Customs districts were Laredo; El Paso; San Diego; Phoenix/Nogales; and Houston. Total U.S. exports to Mexico were $ 230.96 billion and imports from Mexico were $294.15 billion. The U.S. deficit with Mexico was $63.19 billion.