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 28.46 billion U.S. dollars.

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.

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.

Key information about Mexico's Trade Balance

• Mexico's Trade Balance recorded a deficit of 423.4 USD mn in Jan 2025, compared with a deficit of 680.8 USD mn in the previous month
• Mexico's Trade Balance data is updated monthly, available from Jan 1993 to Jan 2025, with an averaged value of -550.2 USD mn
• The data reached an all-time high of 7.1 USD bn in Aug 2020 and a record low of -5.2 USD bn in Jul 2022

• In the latest reports, Mexico's Total Exports reached 51.9 USD bn in Jan 2025, an increase of 6.5% YoY (year-on-year)
• Total Imports recorded 52.3 USD bn in Jan 2025, an increase of 6.5% YoY (year-on-year)

The United States recorded a trade deficit of 61.62 USD Billion in April 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.

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.

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'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.

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 18.85 billion U.S. dollars.

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.

The average for 2023 based on 18 countries was -0.68 billion U.S. dollars. The highest value was in Brazil: 52.18 billion U.S. dollars and the lowest value was in Mexico: -24.97 billion U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

United States Imports from Mexico of Aluminum was US$1.84 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Mexico of Aluminum - data, historical chart and statistics - was last updated on June of 2025.

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.

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.

European Union - Extra-EU trade: Trade balance in partnership with Mexico was EUR21152.50 Million in December of 2022, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Extra-EU trade: Trade balance in partnership with Mexico - last updated from the EUROSTAT on July of 2025. Historically, European Union - Extra-EU trade: Trade balance in partnership with Mexico reached a record high of EUR21152.50 Million in December of 2022 and a record low of EUR8002.70 Million in December of 2011.

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 68.6 billion U.S. dollars. This represented a decrease in this sector's foreign trade balance of about 12.7 percent compared to the previous year.

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.