Monday, June 30, 2025

Mexico-US trade breaks record at US $614.5 billion, up 0.5%

Two-way trade between Mexico and the United States reached an all-time high of US $614.5 billion in 2019, the U.S. Department of Commerce reported on Wednesday.

Mexico’s exports to its northern neighbor totaled a record $358.13 billion last year, a 3.5% increase compared to 2018. Meanwhile, imports from the United States declined 3.4% to $256.37 billion.

The combined value of the commercial exchange between the two countries was 0.5% higher than that recorded in 2018. The balance of trade showed a record surplus of $101.75 billion in Mexico’s favor, 26.2% higher than the 2018 surplus.

Data from the Department of Commerce also showed that Mexico is now the United States’ largest trading partner, having moved past both China and Canada. Trade between the two countries accounted for 14.8% of the U.S.’ total international trade last year.

Canada was the second biggest trade partner of the United States followed by China, Japan, Germany and South Korea.

China’s share of trade with the world’s largest economy took a hit as a result of the trade war between Washington and Beijing, which has helped Mexico increase its exports to its northern neighbor.

The record trade between Mexico and the United States last year came despite continuing uncertainty surrounding the new North American trade agreement and threats from U.S. President Donald Trump to impose blanket tariffs on Mexican imports if the Mexican government didn’t do more to stop the arrival of migrants on the two countries’ shared border.

Mexico, the United States and Canada finally signed a modified version of the USMCA in December while President López Obrador, who is determined to maintain harmonious relations with the U.S., averted the tariff threat by agreeing to deploy the National Guard to increase enforcement against migrants.

Source: El Financiero (sp) 

Have something to say? Paid Subscribers get all access to make & read comments.

Authorities dismantle multi-state fuel theft network, seizing millions in assets

0
The criminal group mainly stole fuel from pipelines operated by the state oil company Pemex, and operated out of 12 facilities spread out across México state, Hidalgo and Querétaro.
At 9 a.m. on Monday, Flossie was centered about 160 miles (255 kilometers) south of Zihuatanejo, Guerrero, and was moving parallel to Mexico's southwestern coastline at 10 mph (16 kph).

Flossie expected to become a hurricane as Barry drenches Gulf states

0
Mexico’s National Meteorological Service issued a Tropical Storm Warning for Mexico’s west coast from Punta San Telmo, Michoacán, to Playa Perula, Jalisco, just north of Manzanillo.
Multicolored tents in the Zócalo

Street protests in the capital: A timeless feature of life in Mexico

6
The recent tent city that sprang up in the Zócalo is just the latest in a centuries-long and legally protected tradition of protest in Mexico City.