Mexico
Total Trade Compared to the same month a year ago
Compared to last month
Total Exports Compared to the same month a year ago
Compared to last month
Total Imports Compared to the same month a year ago
Compared to last month
RankAmong U.S. trading partners this month
Rank 2023 this month
Mexico’s total trade with the United States was $67.03 billion in February, a change of 10.55 percent from the same month one year ago. The change in exports was 7.36 percent and the change in imports was 12.79 percent. Mexico ranked No. 1 among U.S. trade partners in February. It had ranked No. 1 for the same month last year.
The top three U.S. exports by value in February were Gasoline, other fuels, (2) Motor vehicle parts, and (3) Computer parts. The top three U.S. imports from Mexico, also by value, were Passenger vehicles, (2) Motor vehicle parts, and (3) Commercial vehicles. By tonnage, the top three U.S. exports were (1) Gasoline, other fuels, (2) Corn, and (3) LNG, other petroleum gases. The top three U.S. imports, also by tonnage, were (1) Oil, (2) Gasoline, other fuels, and (3) Gypsum.
Top Trading Ports
| Rank | Port | YTD |
|---|---|---|
| 1 | Port Laredo | $50.9 billion |
| 2 | Ysleta-Zaragoza International Bridge, TX | $12.8 billion |
| 3 | Otay Mesa Freeway Border Crossing, CA | $8.7 billion |
| 4 | Pharr International Bridge in TX | $7.6 billion |
| 5 | Eagle Pass | $7.4 billion |
| 6 | Nogales Border Crossing, AZ | $6 billion |
| 7 | Santa Teresa Border Crossing, NM | $4.7 billion |
| 8 | El Paso Bridge of the Americas, TX | $3.7 billion |
| 9 | Calexico/Mexicali (East) Border Crossing, CA | $3.7 billion |
| 10 | Brownsville International Bridges | $3.4 billion |
Overall Rank
Top Exports
| Rank | Commodity | YTD |
|---|---|---|
| 1 | Gasoline, other fuels | $5.1 billion |
| 2 | Motor vehicle parts | $3.4 billion |
| 3 | Computer chips | $1.9 billion |
| 4 | Low-value shipments | $1.5 billion |
| 5 | Computer parts | $1.5 billion |
| 6 | LNG, other petroleum gases | $1.4 billion |
| 7 | Corn | $918 million |
| 8 | Civilian aircraft, parts | $811.7 million |
| 9 | Electrical supplies <1000V | $790.2 million |
| 10 | Insulated wire, cable | $742.9 million |
Top Imports
| Rank | Commodity | YTD |
|---|---|---|
| 1 | Passenger vehicles | $7.2 billion |
| 2 | Commercial vehicles | $5.9 billion |
| 3 | Motor vehicle parts | $5.9 billion |
| 4 | Computers | $5.1 billion |
| 5 | Insulated wire, cable | $2.6 billion |
| 6 | Oil | $2.4 billion |
| 7 | Medical instruments | $1.9 billion |
| 8 | Tractors | $1.7 billion |
| 9 | Cell phones, related equipment | $1.5 billion |
| 10 | Electrical boards, panels and switches | $1.4 billion |
U.S. trade with Mexico rose 5.61 percent through February
Mexico’s trade with the United States increased to $131.55 billion through the first two months of 2024, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 5.61 percent above its total trade during the same time period last year ago. U.S. exports to Mexico increased 2.64 percent while U.S. imports from Mexico rose 7.73 percent. The U.S. deficit with Mexico was $25.02 billion.
Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port Laredo; No. 2 Ysleta-Zaragoza International Bridge, TX; No. 3 Otay Mesa Freeway Border Crossing, CA; No. 4 Pharr International Bridge in TX; and No. 5 Eagle Pass. During the same period the previous year, the top five were No. 1 Port Laredo; No. 2 Ysleta-Zaragoza International Bridge, TX; No. 3 Otay Mesa Freeway Border Crossing, CA; No. 4 Pharr International Bridge in TX and No. 5 Eagle Pass. In the current time period, the top five accounted for 66.37 percent of Mexico’s U.S. trade.
Among those top five:
- Trade with No. 1 Port Laredo rose 6.01 percent to $50.9 billion.
Exports rose 5.82 percent to $20.62 billion. Imports rose 6.14 percent to $30.27 billion. - Trade with No. 2 Ysleta-Zaragoza International Bridge, TX fell 0.55 percent to $12.77 billion.
Exports fell 1.86 percent to $4.54 billion. Imports rose 0.19 percent to $8.22 billion. - Trade with No. 3 Otay Mesa Freeway Border Crossing, CA fell 7.28 percent to $8.68 billion.
Exports fell 2.7 percent to $3.49 billion. Imports fell 10.13 percent to $5.19 billion. - Trade with No. 4 Pharr International Bridge in TX rose 5.27 percent to $7.55 billion.
Exports fell 0.7 percent to $2.72 billion. Imports rose 8.96 percent to $4.83 billion. - Trade with No. 5 Eagle Pass rose 28 percent to $7.42 billion.
Exports rose 15.67 percent to $2.01 billion. Imports rose 33.28 percent to $5.41 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. 1.
Meanwhile, total U.S. trade with the world increased to $824.43 billion, up 1.84 percent compared to the same period last year. The nation’s exports climbed 1.1 percent to $328 billion; imports climbed 2.33 percent to $496.43 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Germany and Japan. The overall trade deficit was $168.42 billion, up compared to the same period of last year when the deficit was $160.71 billion.
The top five U.S. exports to Mexico by value through February were the categories of Gasoline, other fuels; Motor vehicle parts; Computer chips; Low-value shipments; and Computer parts, respectively. They accounted for 25.09 percent of total exports to Mexico.
The value of the top five categories of U.S. imports from Mexico –– Passenger vehicles; Commercial vehicles; Motor vehicle parts; Computers; and Insulated wire, cable –– accounted for 33.94 percent of all inbound shipments.
Looking more closely at U.S. exports to Mexico:
- Gasoline, other fuels fell 11.77 percent compared to last year to $5.11 billion.
- Motor vehicle parts rose 3.99 percent compared to last year to $3.36 billion.
- Computer chips fell 5.71 percent compared to last year to $1.86 billion.
- Low-value shipments rose 1.42 percent compared to last year to $1.54 billion.
- Computer parts rose 41.43 percent compared to last year to $1.5 billion.
Looking more closely at U.S. imports from Mexico:
- Passenger vehicles rose 30.71 percent compared to last year to $7.19 billion.
- Commercial vehicles rose 7.98 percent compared to last year to $5.86 billion.
- Motor vehicle parts rose 9.35 percent compared to last year to $5.85 billion.
- Computers rose 16.52 percent compared to last year to $5.06 billion.
- Insulated wire, cable rose 6.9 percent compared to last year to $2.62 billion.
In the latest annual figures available, Mexico recorded $798.83 billion in trade with the United States. Total U.S. exports to Mexico were $ 323.23 billion and imports from Mexico were $475.61 billion. The U.S. deficit with Mexico was $152.38 billion.
