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Mexico

Mexico ranked No. 3 in total trade value through February with a total of $94.25 billion. Exports totaled $42.03 billion and Imports totaled $52.23 billion, a deficit of $10.2 billion.

Top Exports

RankCommodityYTD
1Gasoline, other fuels$4.36 billion
2Motor vehicle parts$2.73 billion
3Computer parts$1.62 billion
4Low value shipments$1.17 billion
5Computer chips$1.15 billion
6Petroleum gases, other gaseous hydrocarbons$847.91 million
7Computers$822.37 million
8Cell phones, related equipment$726.73 million
9Electrical supplies, apparatus, less than 1000V$714.37 million
10Diesel engines$654.98 million

Top Imports

RankCommodityYTD
1Motor vehicles for transporting people$5.14 billion
2Motor vehicle parts$3.87 billion
3Computers$3.74 billion
4Commercial vehicles$2.71 billion
5Oil$2.23 billion
6Insulated wire, cable$1.74 billion
7Cell phones, related equipment$1.63 billion
8Seats, excluding barber, dental$1.18 billion
9Tractors$1.05 billion
10TVs, computer monitors$1.01 billion
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January – February 2018

Top Trading Ports

Total Trade: $94.25 billion

Rank Port Total YTD
1 Port Laredo $35,684,522,577
2 El Paso Border Crossing, Texas $12,159,145,251
3 Otay Mesa Freeway Border Crossing, Calif. $6,610,525,398
4 Pharr Border Crossing, Texas $5,550,277,589
5 Eagle Pass-Piedras Negras International Bridge, Border Crossing, Texas $4,395,843,892
6 Nogales Border Crossing, Ariz. $4,075,336,253
7 Santa Teresa Border Crossing, N.M. $3,736,356,510
8 Port of Brownsville, Texas $2,732,994,077
9 Calexico/Mexicali (East) Border Crossing, Calif. $2,712,405,829
10 Port of Houston $2,375,587,512

Mexico’s trade rose to $94.25 billion through February

Mexico’s trade with the United States rose to $94.25 billion through the first two months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 10.79 percent above its total trade during the same time period last year. Mexico’s exports increased 11.54 percent while imports rose 10.2 percent. The U.S. deficit with Mexico was $10.2 billion.

Through February, the top five among the nation’s airports, seaports and border crossings top five ports were No. 1 Port Laredo; No. 2 El Paso Border Crossing, Texas; No. 3 Otay Mesa Freeway Border Crossing, Calif.; No. 4 Pharr Border Crossing, Texas and No. 5 Eagle Pass-Piedras Negras International Bridge, Border Crossing, Texas. During the same period the previous year, the top five among the nation’s airports, seaports and border crossings top five ports were No. 1 Port Laredo No. 2 El Paso Border Crossing, Texas No. 3 Otay Mesa Freeway Border Crossing, Calif. No. 4 Pharr Border Crossing, Texas and No. 5 Eagle Pass-Piedras Negras International Bridge, Border Crossing, Texas. Airports, seaports and border crossings are a subset of the nation’s Customs districts. In the current time period, the top five accounted for 68.33 percent of Mexico’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Laredo rose 12.39 percent to $36 billion.
    Exports rose 9.71 percent to $16 billion. Imports rose 14.68 percent to $20 billion.
  • Trade with No. 2 El Paso Border Crossing, Texas rose 11.92 percent to $12 billion.
    Exports rose 19.44 percent to $5 billion. Imports rose 6.49 percent to $7 billion.
  • Trade with No. 3 Otay Mesa Freeway Border Crossing, Calif. rose 5.95 percent to $7 billion.
    Exports rose 7.28 percent to $3 billion. Imports rose 5.14 percent to $4 billion.
  • Trade with No. 4 Pharr Border Crossing, Texas rose 6.04 percent to $6 billion.
    Exports rose 4.03 percent to $2 billion. Imports rose 7.2 percent to $4 billion.
  • Trade with No. 5 Eagle Pass-Piedras Negras International Bridge, Border Crossing, Texas fell 6.7 percent to $4 billion.
    Exports rose 10.25 percent to $1 billion. Imports fell 12.35 percent to $3 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 87.97 percent of Mexico’s U.S. trade. That compares to 88.86 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 9.6 percent to $49 billion.
    Exports totaled $21 billion. Imports rose 9.72 percent to $28 billion.
  • Trade with No. 2 El Paso rose 13.33 percent to $16 billion.
    Exports totaled $7 billion. Imports rose 9.59 percent to $9 billion.
  • Trade with No. 3 San Diego rose 8.62 percent to $10 billion.
    Exports totaled $4 billion. Imports rose 9.14 percent to $6 billion.
  • Trade with No. 4 Phoenix/Nogales rose 4.72 percent to $5 billion.
    Exports totaled $2 billion. Imports fell 0.2 percent to $3 billion.
  • Trade with No. 5 Houston rose 4.67 percent to $3 billion.
    Exports totaled $2 billion. Imports rose 0.78 percent to $1 billion.

Through February, 14 Customs districts posted trade surpluses with Mexico while 31 had deficits. That compares with 11 surpluses and 34 deficits for the same period one year ago. The top surplus was with Houston at $810.86 million, the largest deficit was with Laredo at $6.77 billion.

January – February 2018

Top Exports

Total Trade: $42.03 billion

Rank Port Total YTD
1 Gasoline, other fuels $4,359,430,741
2 Motor vehicle parts $2,733,366,114
3 Computer parts $1,623,534,222
4 Low value shipments $1,170,659,416
5 Computer chips $1,149,307,955
6 Petroleum gases, other gaseous hydrocarbons $847,914,320
7 Computers $822,367,780
8 Cell phones, related equipment $726,734,920
9 Electrical supplies, apparatus, less than 1000V $714,373,003
10 Diesel engines $654,979,353

Top Imports

Total Trade: $52.23 billion

Rank Port Total YTD
1 Motor vehicles for transporting people $5,143,010,867
2 Motor vehicle parts $3,872,784,301
3 Computers $3,738,104,360
4 Commercial vehicles $2,708,303,603
5 Oil $2,231,764,913
6 Insulated wire, cable $1,740,848,688
7 Cell phones, related equipment $1,634,098,780
8 Seats, excluding barber, dental $1,179,386,368
9 Tractors $1,045,722,851
10 TVs, computer monitors $1,006,052,657

Meanwhile, total U.S. trade with the world increased to $644.53 billion, up 8.84 percent compared to the same period last year. The nation’s exports climbed 6.91 percent to $253.43 billion; imports climbed 10.13 percent to $391.1 billion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $137.68 billion, up compared to the same period of last year when the deficit was $118.08 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 26.26 percent of total exports to Mexico.

The value of the top five categories of U.S. imports from Mexico –– Motor vehicles for transporting people; Motor vehicle parts; Computers; Commercial vehicles; and Oil –– accounted for 33.88 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 38.46 percent compared to last year to $4 billion.
  • Motor vehicle parts rose 8.12 percent compared to last year to $3 billion.
  • Computer parts rose 9.92 percent compared to last year to $2 billion.
  • Low value shipments rose 11.27 percent compared to last year to $1 billion.
  • Computer chips rose 17.46 percent compared to last year to $1 billion.

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

  • Motor vehicles for transporting people rose 26.98 percent compared to last year to $5 billion.
  • Motor vehicle parts rose 6.72 percent compared to last year to $4 billion.
  • Computers rose 44.17 percent compared to last year to $4 billion.
  • Commercial vehicles fell 27.75 percent compared to last year to $3 billion.
  • Oil rose 44.18 percent compared to last year to $2 billion.

In the latest annual figures available, Mexico recorded $557.03 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 $ 242.99 billion and imports from Mexico were $314.05 billion. The U.S. deficit with Mexico was $71.06 billion.