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Mexico

Mexico ranked No. 1 in total trade value through February with a total of $97.42 billion. Exports totaled $42.12 billion and Imports totaled $55.29 billion, a deficit of $13.17 billion.

January – February 2019

Top Trading Ports

Total Trade: $97.42 billion

RankPortTotal YTD
1Port Laredo $36,046,696,231
2El Paso Border Crossing, Texas $12,277,593,115
3Otay Mesa Freeway Border Crossing, Calif. $7,328,028,409
4Pharr International Bridge in Texas $5,877,614,384
5Santa Teresa Border Crossing, N.M. $4,762,165,425
6Nogales Border Crossing, Ariz. $4,457,839,921
7Eagle Pass-Piedras Negras International Bridge, Border Crossing, Texas $3,955,524,262
8Calexico/Mexicali (East) Border Crossing, Calif. $2,875,978,597
9Brownsville International Bridges $2,793,679,627
10Port of Houston $2,258,663,773

U.S. trade with Mexico rose to $97.42 billion through February

Mexico’s trade with the United States rose to $97.42 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 3.36 percent above its total trade during the same time period last year. Mexico’s exports increased 0.23 percent while imports rose 5.87 percent. The U.S. deficit with Mexico was $13.17 billion.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port Laredo; No. 2 El Paso Border Crossing, Texas; No. 3 Otay Mesa Freeway Border Crossing, Calif.; No. 4 Pharr International Bridge in Texas; and No. 5 Santa Teresa Border Crossing, N.M.. During the same period the previous year, the top five were No. 1 Port Laredo No. 2 El Paso Border Crossing, Texas No. 3 Otay Mesa Freeway Border Crossing, Calif. No. 4 Pharr International Bridge in Texas and No. 5 Eagle Pass-Piedras Negras International Bridge, Border Crossing, Texas. In the current time period, the top five accounted for 68.05 percent of Mexico’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Laredo rose 1.01 percent to $36.05 billion.
    Exports fell 2.61 percent to $15.59 billion. Imports rose 3.96 percent to $20.46 billion.
  • Trade with No. 2 El Paso Border Crossing, Texas rose 0.97 percent to $12.28 billion.
    Exports fell 4.89 percent to $5.18 billion. Imports rose 5.73 percent to $7.1 billion.
  • Trade with No. 3 Otay Mesa Freeway Border Crossing, Calif. rose 10.85 percent to $7.33 billion.
    Exports rose 9.71 percent to $2.78 billion. Imports rose 11.57 percent to $4.54 billion.
  • Trade with No. 4 Pharr International Bridge in Texas rose 5.9 percent to $5.88 billion.
    Exports rose 3.56 percent to $2.05 billion. Imports rose 7.2 percent to $3.82 billion.
  • Trade with No. 5 Santa Teresa Border Crossing, N.M. rose 27.45 percent to $4.76 billion.
    Exports rose 32.34 percent to $2.27 billion. Imports rose 23.32 percent to $2.49 billion.

Mexico ranked No. 1 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 4.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Mexico by value through February were the categories of Gasoline, other fuels; Motor vehicle parts; Computer parts; Low value shipments; and Computer chips, respectively. They accounted for 26.66 percent of total exports to Mexico.

The value of the top five categories of U.S. imports from Mexico –– Motor vehicles for transporting people; Computers; Motor vehicle parts; Commercial vehicles; and Oil –– accounted for 34.21 percent of all inbound shipments.

Looking more closely at U.S. exports to Mexico:

  • Gasoline, other fuels fell 4.73 percent compared to last year to $4.15 billion.
  • Motor vehicle parts rose 0.97 percent compared to last year to $2.76 billion.
  • Computer parts rose 30.32 percent compared to last year to $2.12 billion.
  • Low value shipments rose 0.1 percent compared to last year to $1.17 billion.
  • Computer chips fell 10.37 percent compared to last year to $1.03 billion.

Looking more closely at U.S. imports from Mexico:

  • Motor vehicles for transporting people rose 13.93 percent compared to last year to $5.86 billion.
  • Computers rose 9.82 percent compared to last year to $4.11 billion.
  • Motor vehicle parts rose 3.83 percent compared to last year to $4.02 billion.
  • Commercial vehicles rose 8.98 percent compared to last year to $2.95 billion.
  • Oil fell 11.34 percent compared to last year to $1.98 billion.

In the latest annual figures available, Mexico recorded $557.03 billion in trade with the United States. At year’s end, its were Laredo; El Paso; San Diego; Phoenix/Nogales; and Houston. Total U.S. exports to Mexico were $ 242.99 billion and imports from Mexico were $314.05 billion. The U.S. deficit with Mexico was $71.06 billion.