In 2024, the United States traded close to ****** billion U.S. dollars’ worth of goods with their neighbor. That year, the U.S. imported more goods from Mexico than it exported, leading to a trade deficit, or negative trade balance. Mexico’s imports from the United States The majority of cosmetics and personal care imports to Mexico originated from the U.S., while other Latin American countries, such as Colombia and Brazil, contributed significantly less in terms of import value. When it comes to apparel items, the United States was also among the leading trade partners for Mexico, although far behind China, where Mexico imported nearly all of its clothes from. Leading product categories Mexico exports to the Unites States The United States is Mexico’s most important trading partner when it comes to the export of cosmetics and personal care products. Canada, as the only other non-Latin American country on the list, was also among the leading export destinations. Furthermore, the United States is the main destination country for Mexico’s apparel exports.

Mexico recorded a trade surplus of 1029 USD Million in May of 2025. This dataset provides the latest reported value for - Mexico Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The statistic shows the trade balance of goods (exports minus imports of goods) in Mexico from 2013 to 2023. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2023, the trade deficit of goods in Mexico amounted to about ***** billion U.S. dollars.

As of 2024, the United States had a trade deficit of about *** billion U.S. dollars. The U.S. trade deficit has increased since 2009, peaking in 2022. Most recently, 2023 marked the year when the U.S. trade deficit decreased from the previous year. What is trade deficit? A trade deficit is, quite simply, the total value of a country’s imports of goods and services minus the total value of its exports of goods and services. When a country exports more than it imports, it has a trade surplus, and when it imports more than it exports, it has a trade deficit. A trade deficit can mean one of two things: Either the country is failing to produce enough goods for its citizens, or its citizens are wealthy enough to purchase more goods than the country produces (as is the case with the United States). Trading partners The United States’ top export partners are its closest neighbors, Canada and Mexico, due in part to the North American Free Trade Agreement (NAFTA), which, pending ratification, will be replaced by the United States-Mexico-Canada Agreement (USMCA). Regarding imports to the U.S., China takes the top spot, followed by Mexico and Canada.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for Mexico (XTNTVA01MXA667S) from 1980 to 2024 about Mexico, trade, Net, and goods.

The United States recorded a trade deficit of 71.52 USD Billion in May of 2025. This dataset provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Mexico trade balance for 2023 was -21.37 billion US dollars, a 50.07% decline from 2022.

<ul style='margin-top:20px;'>

<li>Mexico trade balance for 2022 was <strong>-42.80 billion US dollars</strong>, a <strong>68.36% increase</strong> from 2021.</li>
<li>Mexico trade balance for 2021 was <strong>-25.42 billion US dollars</strong>, a <strong>240.31% decline</strong> from 2020.</li>
<li>Mexico trade balance for 2020 was <strong>18.12 billion US dollars</strong>, a <strong>445.03% decline</strong> from 2019.</li>
</ul>External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

Mexico's total Exports in 2024 were valued at US$618.98 Billion, according to the United Nations COMTRADE database on international trade. Mexico's main export partners were: the United States, Canada and China. The top three export commodities were: Vehicles other than railway, tramway; Electrical, electronic equipment and Machinery, nuclear reactors, boilers. Total Imports were valued at US$625.87 Billion. In 2024, Mexico had a trade deficit of US$6.89 Billion.

Based on foreign trade balance, the United States was by far Mexico's main trading partner in 2023. That year, Mexico's exports of goods to the U.S. exceeded its imports by about *** billion U.S. dollars. Canada came in second, registering a trade value of around **** billion dollars.

The Mexican automotive industry's trade surplus has been growing since 2009. For instance, in 2020, automotive exports from Mexico exceeded the country's imports by approximately **** billion U.S. dollars. This represented a decrease in this sector's foreign trade balance of about **** percent compared to the previous year.

Mexico's total Imports in 2024 were valued at US$625.87 Billion, according to the United Nations COMTRADE database on international trade. Mexico's main import partners were: the United States, China and South Korea. The top three import commodities were: Electrical, electronic equipment; Machinery, nuclear reactors, boilers and Vehicles other than railway, tramway. Total Exports were valued at US$618.98 Billion. In 2024, Mexico had a trade deficit of US$6.89 Billion.

The statistic shows the trade balance of services (exports minus imports of services) in Mexico from 2013 to 2023. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2023, the estimated trade deficit of services in Mexico amounted to about ***** billion U.S. dollars.

In 2023, Mexico exported nearly 13 billion U.S. dollars' worth of furniture items, while importing only roughly four billion U.S. dollars. This led to a trade surplus, or positive trade balance, in Mexico's furtniture trade that year. Brazil, on the other hand, experienced a trade deficit in the furniture market that year.

United States US: Trade Balance: Emerging and Developing Economies: Western Hemisphere: Mexico data was reported at -18.252 USD bn in Mar 2018. This records a decrease from the previous number of -17.964 USD bn for Dec 2017. United States US: Trade Balance: Emerging and Developing Economies: Western Hemisphere: Mexico data is updated quarterly, averaging -1.058 USD bn from Mar 1960 (Median) to Mar 2018, with 233 observations. The data reached an all-time high of 1.573 USD bn in Mar 1992 and a record low of -22.046 USD bn in Dec 2007. United States US: Trade Balance: Emerging and Developing Economies: Western Hemisphere: Mexico data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.DOT: Trade Balance: by Country: Quarterly.

United States US: Trade Balance: Emerging and Developing Economies: Western Hemisphere: Mexico data was reported at -6.715 USD bn in May 2018. This records a decrease from the previous number of -5.652 USD bn for Apr 2018. United States US: Trade Balance: Emerging and Developing Economies: Western Hemisphere: Mexico data is updated monthly, averaging -356.148 USD mn from Feb 1960 (Median) to May 2018, with 698 observations. The data reached an all-time high of 583.300 USD mn in May 1981 and a record low of -8.053 USD bn in Mar 2018. United States US: Trade Balance: Emerging and Developing Economies: Western Hemisphere: Mexico data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.DOT: Trade Balance: by Country: Monthly.

In 2023, Mexican imports of pharmaceutical products exceeded its exports by around *********** U.S. dollars, the largest deficit reported during the period analyzed. A year earlier, the North American nation reported a trade deficit of about************* U.S. dollars in the pharmaceuticals segment. The market value of Mexico's pharmaceutical industry amounted to almost ********** U.S. dollars in 2023.

In 2024, imports of medicaments in Mexico surpassed the country's exports by ************U.S. dollars. Meanwhile, the international trade of human blood prepared for therapeutic, prophylactic or diagnostic uses displayed a deficit of approximately ************* dollars in Mexico. In 2023, the Latin American country reported a negative trade balance of pharmaceutical products amounting to roughly *********** U.S. dollars.

In 2023, Mexico's imports from China exceeded its exports by more than 100 billion U.S. dollars. In that year, the value of products imported from this Asian country reached slightly over *** billion dollars, whereas exports totaled to **** billion dollars.

In 2023, Mexico had a positive trade balance of more than ************* U.S. dollars’ worth of medical equipment, more than double the value reported for 2015, when exports of health equipment exceeded imports by *********** dollars. Furthermore, gross production value of medical equipment in the North American country added up to ********** Mexican pesos (************ U.S. dollars) in 2021.

United States US: Trade Balance: Emerging and Developing Economies: Western Hemisphere: Mexico data was reported at -71.057 USD bn in 2017. This records a decrease from the previous number of -63.192 USD bn for 2016. United States US: Trade Balance: Emerging and Developing Economies: Western Hemisphere: Mexico data is updated yearly, averaging 188.500 USD mn from Dec 1948 (Median) to 2017, with 70 observations. The data reached an all-time high of 4.711 USD bn in 1992 and a record low of -76.348 USD bn in 2007. United States US: Trade Balance: Emerging and Developing Economies: Western Hemisphere: Mexico data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.DOT: Trade Balance: by Country: Annual.