Breadcrumb

Mexico

U.S.-Mexico Trade Facts

In 2019, Mexico GDP was an estimated $1.3 trillion (current market exchange rates); real GDP was up by an estimated 0.1%; and the population was 126 million. (Source: IMF)

U.S. goods and services trade with Mexico totaled an estimated $677.3 billion in 2019. Exports were $289.5 billion; imports were $387.8 billion. The U.S. goods and services trade deficit with Mexico was $98.5 billion in 2019.

Mexico is currently our largest goods trading partner with $614.5 billion in total (two way) goods trade during 2019. Goods exports totaled $256.6 billion; goods imports totaled $358.0 billion. The U.S. goods trade deficit with Mexico was $101.4 billion in 2019.

Trade in services with Mexico (exports and imports) totaled an estimated $62.7 billion in 2019. Services exports were $32.9 billion; services imports were $29.8 billion. The U.S. services trade surplus with Mexico was $3.1 billion in 2019.

According to the Department of Commerce, U.S. exports of Goods and Services to Mexico supported an estimated 1.2 million jobs in 2015 (latest data available) (968 thousand supported by goods exports and 201 thousand supported by services exports).

Exports

  • Mexico was the United States' 2nd largest goods export market in 2019.
  • U.S. goods exports to Mexico in 2019 were $256.6 billion, down 3.5% ($9.4 billion) from 2018 but up 99.1% from 2009. U.S. exports to Mexico are up 517% from 1993 (pre-NAFTA). U.S. exports to Mexico account for 16% of overall U.S. exports in 2019.
  • The top export categories (2-digit HS) in 2019 were: machinery ($45 billion), electrical machinery ($42 billion), mineral fuels ($34 billion), vehicles ($21 billion), and plastics ($16 billion).
  • U.S. total exports of agricultural products to Mexico totaled $20 billion in 2019, our 2nd largest agricultural export market. Leading domestic export categories include: corn ($2.7 billion), soybeans ($1.9 billion), dairy products ($1.5 billion), pork and pork products ($1.3 billion), and beef and beef products ($1.1 billion).
  • U.S. exports of services to Mexico were an estimated $32.9 billion in 2019, 0.4% ($128 million) less than 2018, but 52% greater than 2009 levels. It was up roughly 217% from 1993 (pre-NAFTA). Leading services exports from the U.S. to Mexico were in the travel, transport, and intellectual property (industrial processes, trademarks) sectors.

Imports

  • Mexico was the United States' 2nd largest supplier of goods imports in 2019.
  • U.S. goods imports from Mexico totaled $358.0 billion in 2019, up 4.0% ($13.7 billion) from 2018, and up 102.6% from 2009. U.S. imports from Mexico are up 797% from 1993 (pre-NAFTA). U.S. imports from Mexico account for 14.3% of overall U.S. imports in 2019.
  • The top import categories (2-digit HS) in 2019 were: vehicles ($101 billion), machinery ($66 billion), electrical machinery ($64 billion), optical and medical instruments ($16 billion), and mineral fuels ($13 billion).
  • U.S. total imports of agricultural products from Mexico totaled $28 billion in 2019, our 1th largest supplier of agricultural imports. Leading categories include: other fresh fruit ($6.9 billion), fresh vegetables ($6.3 billion), wine and beer ($4.0 billion), snack foods ($2.3 billion), and processed fruit & vegetables ($1.8 billion).
  • U.S. imports of services from Mexico were an estimated $29.8 billion in 2019, 6.8% ($1.9 billion) more than 2018, and 92.0% greater than 2009 levels. It was up roughly 301% from 1993 (pre-NAFTA). Leading services imports from Mexico to the U.S. were in the travel, transport, and technical and other services sectors.

Trade Balance

  • The U.S. goods trade deficit with Mexico was $101.4 billion in 2019, a 29.5% increase ($22.8 billion) over 2018.
  • The United States has a services trade surplus of an estimated $3.1 billion with Mexico in 2019, down 39.3% from 2018.

Investment

  • U.S. foreign direct investment (FDI) in Mexico (stock) was $100.9 billion in 2019, a 5.2% increase from 2018. U.S. direct investment in Mexico is led by manufacturing, finance and insurance, and nonbank holding companies.
  • Mexico's FDI in the United States (stock) was $21.5 billion in 2019, up 2.3% from 2018. There is no information on the distribution of  Mexico FDI in the U.S.
  • Sales of services in Mexico by majority U.S.-owned affiliates were $42.6 billion in 2017 (latest data available), while sales of services in the United States by majority Mexico-owned firms were $9.9 billion.