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 606 USD Million in October 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 2014 to 2024. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2024, the trade deficit of goods in Mexico amounted to about ***** billion U.S. dollars.

Key information about Mexico's Trade Balance

• Mexico's Trade Balance recorded a surplus of 1.4 USD bn in Oct 2025, compared with a deficit of 853.1 USD mn in the previous month
• Mexico's Trade Balance data is updated monthly, available from Jan 1993 to Oct 2025, with an averaged value of -140.4 USD mn
• The data reached an all-time high of 7.1 USD bn in Aug 2020 and a record low of -5.4 USD bn in Jul 2022

• In the latest reports, Mexico's Total Exports reached 60.4 USD bn in Oct 2025, an increase of 12.2% YoY (year-on-year)
• Total Imports recorded 59.0 USD bn in Oct 2025, an increase of 12.2% YoY (year-on-year)

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 59.55 USD Billion in August 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.

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: Trade balance, billion USD: The latest value from 2024 is -27.63 billion U.S. dollars, an increase from -31.95 billion U.S. dollars in 2023. In comparison, the world average is 4.90 billion U.S. dollars, based on data from 109 countries. Historically, the average for Mexico from 1979 to 2024 is -10.24 billion U.S. dollars. The minimum value, -43.79 billion U.S. dollars, was reached in 2022 while the maximum of 21.71 billion U.S. dollars was recorded in 2020.

The statistic shows the trade balance of services (exports minus imports of services) in Mexico from 2014 to 2024. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2024, the estimated trade deficit of services in Mexico amounted to about **** billion 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.

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.

Time series data for the statistic Trade_Balance_Mexico_with_Bermuda. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at 0.204 Million as of 5/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -0.032 Million compared to the value the year prior.The Serie's long term average value is 2.33 Million. It's latest available value, on 5/31/2025, is -2.13 Million lower, compared to it's long term average value.The Serie's change from it's minimum value, on 8/31/1994, to it's latest available value, on 5/31/2025, is +16.53 Million.The Serie's change from it's maximum value, on 12/31/1992, to it's latest available value, on 5/31/2025, is -46.21 Million.

The average for 2023 based on 15 countries was -4.11 billion U.S. dollars. The highest value was in Peru: 9.19 billion U.S. dollars and the lowest value was in Mexico: -31.95 billion U.S. dollars. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

Time series data for the statistic Trade_Balance_Mexico_with_Somalia. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -11.66 Thousand as of 5/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an increase of 5.30 Thousand compared to the value the year prior.The Serie's long term average value is 8.61 Thousand. It's latest available value, on 5/31/2025, is -20.27 Thousand lower, compared to it's long term average value.The Serie's change from it's minimum value, on 5/31/2012, to it's latest available value, on 5/31/2025, is +245.92 Thousand.The Serie's change from it's maximum value, on 7/31/2021, to it's latest available value, on 5/31/2025, is -649.64 Thousand.

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.

Information on the commercial exchange of merchandise that Mexico carries out with the rest of the world.

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.

This dataset presents monthly data on Mexico's Trade Balance of Goods, showing the value of exports and imports in U.S. dollars. The data are assessed on a Free on Board (FOB) basis, with updates including revisions up to October 2023. This dataset is declared as National Interest Information by INEGI.

Suggested Uses for "Mexico's Trade Balance of Goods. 2023" Dataset

1. Economic Analysis and Forecasting: Utilized by economists to study trade trends, forecast economic conditions, and make policy recommendations.

2. Academic Research: Empirical research in economics and international trade, serving as a resource for academic papers and case studies.

3. Business Strategy Development: Helps businesses in international trade to identify market trends, guiding decisions about market entry and product development.

4. Government Policy Making: Informs government agencies on trade-related policy decisions and the impact of trade agreements.

5. Financial Market Analysis: Used by investors to understand the health of the Mexican economy, influencing investment decisions.

6. Supply Chain Optimization: Assists businesses in optimizing logistics and inventory management by analyzing trade flows.

7. Social and Environmental Impact Studies: Enables researchers to study the effects of trade on local economies and environmental sustainability.

License: https://www.inegi.org.mx/inegi/terminos.html

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.