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.

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.

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 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.

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.

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.

Mexico MX: Trade Balance: Advanced Economies: United States data was reported at 34.408 USD bn in Dec 2018. This records an increase from the previous number of 33.508 USD bn for Sep 2018. Mexico MX: Trade Balance: Advanced Economies: United States data is updated quarterly, averaging 370.500 USD mn from Mar 1960 (Median) to Dec 2018, with 226 observations. The data reached an all-time high of 34.408 USD bn in Dec 2018 and a record low of -2.957 USD bn in Sep 1992. Mexico MX: Trade Balance: Advanced Economies: United States data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Mexico – Table MX.IMF.DOT: Trade Balance: by Country: Quarterly.

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 U.S. goods trade deficit with China increased by nearly ** billion U.S. dollars in 2024, as China still had the biggest impact on U.S. bilateral trade. This is according to seasonally adjusted trade date from within the United States. Following the results of the U.S. elections in 2024, discussions surfaced on the potential of tariffs for countries that have a large trade surplus with the United States. The president-elect stated that trade tariffs of ** percent and ** percent might be implemented for goods from China or Mexico, respectively. The effects of such measures on the forecast GDP growth across the world were not yet clear. In Europe, however, Germany might be the most affected economy when the U.S. does implement tariffs.

Mexico MX: Trade Balance: Advanced Economies: United States data was reported at 129.459 USD bn in 2018. This records an increase from the previous number of 120.650 USD bn for 2017. Mexico MX: Trade Balance: Advanced Economies: United States data is updated yearly, averaging -229.200 USD mn from Dec 1948 (Median) to 2018, with 71 observations. The data reached an all-time high of 129.459 USD bn in 2018 and a record low of -11.238 USD bn in 1992. Mexico MX: Trade Balance: Advanced Economies: United States data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Mexico – Table MX.IMF.DOT: Trade Balance: by Country: Annual.

United States Trade Balance: Mexico: sa data was reported at -5.837 USD bn in May 2018. This records an increase from the previous number of -6.040 USD bn for Apr 2018. United States Trade Balance: Mexico: sa data is updated monthly, averaging -5.255 USD bn from Jan 2009 (Median) to May 2018, with 113 observations. The data reached an all-time high of -3.058 USD bn in Jun 2009 and a record low of -6.636 USD bn in May 2017. United States Trade Balance: Mexico: sa data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA010: Trade Statistics: Census Basis: By Country: Trade Balance.

Mexico MX: Trade Balance: Advanced Economies: United States data was reported at 12.583 USD bn in Dec 2018. This records an increase from the previous number of 10.151 USD bn for Nov 2018. Mexico MX: Trade Balance: Advanced Economies: United States data is updated monthly, averaging 170.000 USD mn from Feb 1960 (Median) to Dec 2018, with 665 observations. The data reached an all-time high of 12.583 USD bn in Dec 2018 and a record low of -1.209 USD bn in Oct 1991. Mexico MX: Trade Balance: Advanced Economies: United States data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Mexico – Table MX.IMF.DOT: Trade Balance: by Country: Monthly.

United States Trade Balance: 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 Trade Balance: Mexico data is updated monthly, averaging -2.684 USD bn from Jan 1985 (Median) to May 2018, with 401 observations. The data reached an all-time high of 661.800 USD mn in Jul 1992 and a record low of -8.053 USD bn in Mar 2018. United States Trade Balance: Mexico data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA010: Trade Statistics: Census Basis: By Country: Trade Balance.

Trade Balance: sa: Mexico data was reported at -47.988 USD bn in Dec 2024. This records a decrease from the previous number of -45.193 USD bn for Sep 2024. Trade Balance: sa: Mexico data is updated quarterly, averaging -15.201 USD bn from Mar 1999 (Median) to Dec 2024, with 104 observations. The data reached an all-time high of -3.935 USD bn in Dec 1999 and a record low of -47.988 USD bn in Dec 2024. Trade Balance: sa: Mexico data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.JA004: Trade Balance: BoP Basis: by Country.

The statistic depicts the average inflation rate in Mexico from 1987 to 2024, with projections up until 2030. The inflation rate measures price changes for a fixed basket of goods which includes a representative selection of goods and services. In 2024, Mexico's average inflation rate was around 4.72 percent compared to the previous year. Mexico’s economy Mexico’s gross domestic product (GDP) has been increasing slightly over the last decade, however, its national debt still amounts to almost half of its GDP. The majority of Mexico’s GDP is yielded by the services sector, as a look at the distribution of gross domestic product in Mexico by sector shows. More than 60 percent of GDP are generated in this sector; the majority of the Mexican workforce is employed in services. One important contributor to Mexico’s GDP is tourism. The total unemployment rate in Mexico took a turn for the worse during the recession of 2008 and is still to bounce back to previous levels. Mexico’s main export and import partner is the United States which accounts for approximately half of the value of both. Thus, the trade balance of goods in Mexico, showing the value of exports minus the value of imports, is heavily dependant on the United States. For the past decade, Mexico’s trade balance has run at a deficit of more than 10 billion US dollars. The trade balance of services sector in Mexico has also been in the red with a deficit of more than 6 percent since the recession and higher than 9 percent since 2011. Mexico is also one of the largest drug exporting countries worldwide. Specific trade figures are not available, however, Mexico is among the top countries for opium cultivation based on acreage, and thousands of illegal poppy fields, processed into opium, have been destroyed in Mexico year after 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.

Between 2008 and 2024, the United States maintained a negative trade balance when trading passenger cars with Mexico. In 2024, the U.S. imported nearly 78.5 billion U.S. dollars in motor cars used for the transport of passengers from its southern neighbor, but exported some 5.3 billion U.S. dollars to Mexico. The Central American country has developed various industrial clusters which have attracted near-shoring opportunities from some U.S. automotive companies, which explains this large difference between imports and exports.

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.

The statistic shows the trade balance of goods (exports minus imports of goods) in Canada 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 Canada amounted to about **** billion U.S. dollars. Trade with Canada Canada reported a trade surplus until 2009 when the country’s trade balance went negative for the first time in recent history. Its deficit was ignited at the height of the global recession, and the value of exports decreased significantly at that time. It is only now showing signs of a recovery. Meanwhile, while imports decreased during the recession as well, they bounced back faster than exports. Currently, Canada maintains neither a trade deficit nor a trade surplus as both imports and exports amount to around *** billion U.S. dollars worth of goods. Canada is hoping this will continue, and it is looking to lower tariffs on exports in order to further boost the economy and increase exports. Canada has a long and strong trading relationship with the United States - Canada’s southern neighbor is without a doubt its most important export and import partner. Overall, Canada maintains an export advantage over the United States; maintaining greater export flows than import flows. The U.S. dollar is also worth more than the Canadian dollar, favoring further exports from Canada. China and Mexico also import Canadian goods, but significantly less than the United States.

The United States' total Imports in 2024 were valued at US$3.36 Trillion, according to the United Nations COMTRADE database on international trade. The United States' main import partners were: Mexico, China and Canada. The top three import commodities were: Machinery, nuclear reactors, boilers; Electrical, electronic equipment and Vehicles other than railway, tramway. Total Exports were valued at US$2.06 Trillion. In 2024, The United States had a trade deficit of US$1.29 Trillion.