Monday, April 7, 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.
An elderly woman in a pink coat stands behind a table with a gun and packets of powder, next to two younger handcuffed people and several police agents

‘Killer granny’ goes viral after shooting alleged squatters in México state

4
The case of the abuelita sicaria has sparked an avalanche of memes, and some serious conversations.
Workers for disaster relief agency clear floodwaters in Reynosa

After disastrous flooding, Tamaulipas is picking up the pieces

0
Reynosa and surrounding areas are recovering from severe flooding that left four dead and thousands affected.
A modem with the TotalPlay internet logo

Totalplay announces new bandwidth limits, prompting a consumer watchdog warning

0
“Have I ever let you down?” the company's billionaire owner wrote in defense of the controversial change. “Give me a chance.”