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Trade between Mexico and the United States

In 2024, Mexico exported $491.3 billion to the United States and imported $236.9 billion. Mexico ran a surplus of $254.4 billion with the United States, compared with a surplus of $156.6 billion in 2019. The United States was Mexico’s largest trading partner (61% of its trade), and Mexico was the United States’ largest (14%).

Summary

Mexico → United States
$491.3billion
United States → Mexico
$236.9billion
Mexico’s balance
$254.4billion

Balance

Mexico’s trade balance with the United States

Trade between Mexico and the United States grew 6.3-fold since 1995

USD billions (current). Mexico’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 491
  • Imports 237
  • Balance +254

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$64.4 billion$50.6 billion$13.8 billion
1996$74.6 billion$64.8 billion$9.7 billion
1997$88.6 billion$80 billion$8.6 billion
1998$94.4 billion$89.8 billion$4.5 billion
1999$109.1 billion$101.1 billion$8 billion
2000$138.6 billion$124.4 billion$14.2 billion
2001$129.9 billion$113 billion$16.9 billion
2002$134.1 billion$106.3 billion$27.8 billion
2003$140.8 billion$106.9 billion$34 billion
2004$153.8 billion$114.6 billion$39.1 billion
2005$172.2 billion$122 billion$50.2 billion
2006$203.8 billion$131.7 billion$72 billion
2007$213.2 billion$141.8 billion$71.4 billion
2008$216.3 billion$151.3 billion$65.1 billion
2009$174.6 billion$113.3 billion$61.3 billion
2010$233.4 billion$147.3 billion$86 billion
2011$262.6 billion$175 billion$87.7 billion
2012$277.8 billion$184.9 billion$92.9 billion
2013$279.9 billion$187.9 billion$92 billion
2014$298.1 billion$202.2 billion$95.9 billion
2015$295.5 billion$188.6 billion$106.9 billion
2016$288.6 billion$179.5 billion$109.1 billion
2017$323.7 billion$197.2 billion$126.5 billion
2018$352.8 billion$216.4 billion$136.4 billion
2019$362.5 billion$205.9 billion$156.6 billion
2020$330.6 billion$169 billion$161.7 billion
2021$371.3 billion$210 billion$161.3 billion
2022$436.6 billion$247.7 billion$188.9 billion
2023$464.6 billion$255.4 billion$209.2 billion
2024$491.3 billion$236.9 billion$254.4 billion

What they sell each other

What Mexico sells to the United States

The top 10 headings in 2024, with their share of the total.

  1. Cars$49.6 billion · 10.1%
    2.9 million tonnes · Mexico’s destinations
  2. Computers$44.1 billion · 9%
    137 thousand tonnes · Mexico’s destinations
  3. Auto parts$36.5 billion · 7.4%
    2.8 million tonnes · Mexico’s destinations
  4. Trucks$32.1 billion · 6.5%
    2.9 million tonnes · Mexico’s destinations
  5. Cables and wire$16.6 billion · 3.4%
    816 thousand tonnes · Mexico’s destinations
  6. Crude petroleum$12.5 billion · 2.5%
    26.5 million tonnes · Mexico’s destinations
  7. Medical and dental instruments$12 billion · 2.5%
    542 thousand tonnes · Mexico’s destinations
  8. Monitors and projectors$10.5 billion · 2.1%
    378 thousand tonnes · Mexico’s destinations
  9. Tractors$9.7 billion · 2%
    1 million tonnes · Mexico’s destinations
  10. Cameras and broadcast equipment$9.1 billion · 1.9%
    40 thousand tonnes

What the United States sells to Mexico

The top 10 headings in 2024, with their share of the total.

  1. Refined petroleum$20.6 billion · 8.7%
    30.1 million tonnes · the United States’ destinations
  2. Auto parts$18.2 billion · 7.7%
    1.3 million tonnes · the United States’ destinations
  3. Natural gas and LPG$7.2 billion · 3.1%
    19.3 million tonnes
  4. Diesel engines$5.9 billion · 2.5%
    289 thousand tonnes
  5. Cars$4.5 billion · 1.9%
    232 thousand tonnes · the United States’ destinations
  6. Medical and dental instruments$3.5 billion · 1.5%
    1.2 million tonnes · the United States’ destinations
  7. Batteries$3.5 billion · 1.5%
    213 thousand tonnes · the United States’ destinations
  8. Cables and wire$3.5 billion · 1.5%
    365 thousand tonnes · the United States’ destinations
  9. Low-voltage switches and connectors$3.4 billion · 1.4%
    74 thousand tonnes
  10. Other plastic articles$3.4 billion · 1.4%
    431 thousand tonnes

How it travels

Mexico and the United States traded $728.2 billion in 2024 (both directions together). They trade mostly over land: 92% of the value travels by truck, rail or pipeline.

Split by transport mode

  1. Sea$55.2 billion · 7.6%
  2. Land$673 billion · 92.4%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

The United States was Mexico’s largest trading partner (61% of its trade), and Mexico was the United States’ largest (14%).

The United States in Mexico’s trade
60.9%
The United States’ rank among Mexico’s partners
1st
Mexico in the United States’ trade
14.5%
Mexico’s rank among the United States’ partners
1st

Compare with

Other partners of Mexico

Other partners of the United States

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.