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Mexico

Mexico ranked No. 1 in total trade value through July with a total of $361.11 billion. Exports totaled $151.4 billion and Imports totaled $209.71 billion, a deficit of $58.31 billion.

January – July 2019

Top Trading Ports

Total Trade: $361.11 billion

RankPortTotal YTD
1Port Laredo $133,959,751,246
2El Paso Border Crossing, Texas $44,594,762,779
3Otay Mesa Freeway Border Crossing, Calif. $27,295,415,833
4Pharr International Bridge in Texas $20,512,158,916
5Santa Teresa Border Crossing, N.M. $18,012,580,225
6Eagle Pass-Piedras Negras International Bridge, Border Crossing, Texas $17,045,212,644
7Nogales Border Crossing, Ariz. $16,173,818,259
8Brownsville International Bridges $10,160,972,337
9Calexico/Mexicali (East) Border Crossing, Calif. $10,146,943,952
10Port of Houston $8,381,509,315

U.S. trade with Mexico rose to $361.11 billion through July

Mexico’s trade with the United States rose to $361.11 billion through the first seven months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 2.72 percent above its total trade during the same time period last year. U.S. exports to Mexico decreased 1.68 percent while U.S. imports from Mexico rose 6.15 percent. The U.S. deficit with Mexico was $58.31 billion.

Through July, 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 67.67 percent of Mexico’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Laredo rose 0.9 percent to $133.96 billion.
    Exports fell 3.39 percent to $56.3 billion. Imports rose 4.25 percent to $77.66 billion.
  • Trade with No. 2 El Paso Border Crossing, Texas fell 0.93 percent to $44.59 billion.
    Exports fell 3.68 percent to $18.51 billion. Imports rose 1.12 percent to $26.09 billion.
  • Trade with No. 3 Otay Mesa Freeway Border Crossing, Calif. rose 5.43 percent to $27.3 billion.
    Exports rose 2.12 percent to $10.03 billion. Imports rose 7.45 percent to $17.27 billion.
  • Trade with No. 4 Pharr International Bridge in Texas rose 4.53 percent to $20.51 billion.
    Exports rose 3.18 percent to $7.45 billion. Imports rose 5.32 percent to $13.07 billion.
  • Trade with No. 5 Santa Teresa Border Crossing, N.M. rose 18.88 percent to $18.01 billion.
    Exports rose 24.23 percent to $8.53 billion. Imports rose 14.45 percent to $9.48 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. 3.

Meanwhile, total U.S. trade with the world increased to $2.41 trillion, down 0.06 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $956.44 billion; imports climbed 0.38 percent to $1.45 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $498.31 billion, up compared to the same period of last year when the deficit was $485.95 billion.

The top five U.S. exports to Mexico by value through July were the categories of Gasoline, other fuels; Motor vehicle parts; Computer parts; Computer chips; and Low value shipments, respectively. They accounted for 27.33 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 35.79 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 1.2 percent compared to last year to $15.4 billion.
  • Motor vehicle parts rose 3.88 percent compared to last year to $10.09 billion.
  • Computer parts rose 7.7 percent compared to last year to $7.31 billion.
  • Computer chips rose 1.55 percent compared to last year to $4.37 billion.
  • Low value shipments fell 1.72 percent compared to last year to $4.21 billion.

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

  • Motor vehicles for transporting people rose 17.97 percent compared to last year to $22.71 billion.
  • Computers rose 1.99 percent compared to last year to $15.59 billion.
  • Motor vehicle parts rose 5.58 percent compared to last year to $14.79 billion.
  • Commercial vehicles rose 21.31 percent compared to last year to $14.62 billion.
  • Oil fell 7.96 percent compared to last year to $7.34 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.