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Mexico

Mexico ranked No. 3 in total trade value through October with a total of $512.31 billion. Exports totaled $222.58 billion and Imports totaled $289.73 billion, a deficit of $67.15 billion.

January – October 2018

Top Trading Ports

Total Trade: $512.31 billion

RankPortTotal YTD
1Port Laredo $192,601,453,988
2El Paso Border Crossing, Texas $65,315,181,020
3Otay Mesa Freeway Border Crossing, Calif. $39,083,777,727
4Pharr International Bridge in Texas $28,412,635,124
5Eagle Pass-Piedras Negras International Bridge, Border Crossing, Texas $24,958,337,928
6Santa Teresa Border Crossing, N.M. $21,125,252,050
7Nogales Border Crossing, Ariz. $19,975,429,660
8Brownsville International Bridges $14,726,614,665
9Calexico/Mexicali (East) Border Crossing, Calif. $14,184,985,632
10Port of Houston $14,112,144,702

U.S. trade with Mexico rose to $512.31 billion through October

Mexico’s trade with the United States rose to $512.31 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 10.67 percent above its total trade during the same time period last year. Mexico’s exports increased 10.41 percent while imports rose 10.88 percent. The U.S. deficit with Mexico was $67.15 billion.

Through October, 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 Eagle Pass-Piedras Negras International Bridge, Border Crossing, Texas. 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 68.39 percent of Mexico’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Laredo rose 10.44 percent to $192.6 billion.
    Exports rose 7.3 percent to $84.6 billion. Imports rose 13.03 percent to $108 billion.
  • Trade with No. 2 El Paso Border Crossing, Texas rose 10.99 percent to $65.32 billion.
    Exports rose 13.44 percent to $27.39 billion. Imports rose 9.29 percent to $37.93 billion.
  • Trade with No. 3 Otay Mesa Freeway Border Crossing, Calif. rose 9.22 percent to $39.08 billion.
    Exports rose 12.35 percent to $14.6 billion. Imports rose 7.43 percent to $24.49 billion.
  • Trade with No. 4 Pharr International Bridge in Texas rose 5.05 percent to $28.41 billion.
    Exports rose 6.64 percent to $10.43 billion. Imports rose 4.16 percent to $17.98 billion.
  • Trade with No. 5 Eagle Pass-Piedras Negras International Bridge, Border Crossing, Texas fell 2.6 percent to $24.96 billion.
    Exports rose 3.27 percent to $7.01 billion. Imports fell 4.71 percent to $17.95 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.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 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 $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Mexico by value through October were the categories of Gasoline, other fuels; Motor vehicle parts; Computer parts; Low value shipments; and Computer chips, respectively. They accounted for 26.46 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 35.31 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 43.55 percent compared to last year to $22.91 billion.
  • Motor vehicle parts rose 6.61 percent compared to last year to $14.34 billion.
  • Computer parts rose 9.32 percent compared to last year to $9.53 billion.
  • Low value shipments rose 10.43 percent compared to last year to $6.22 billion.
  • Computer chips rose 13.64 percent compared to last year to $5.9 billion.

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

  • Motor vehicles for transporting people rose 14.24 percent compared to last year to $28.65 billion.
  • Computers rose 35.51 percent compared to last year to $21.93 billion.
  • Motor vehicle parts rose 8.01 percent compared to last year to $20.74 billion.
  • Commercial vehicles fell 2.61 percent compared to last year to $18.67 billion.
  • Oil rose 61.1 percent compared to last year to $12.31 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.