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In 2023, U.S. exports to Mexico totaled US$322 billion, while the U.S. imported over US$475 billion of Mexican products, according to data from the U.S. Census Bureau. [9] Roughly 70 percent of Mexico's natural gas consumption comes from the United States, and the U.S. imports about 700,000 barrels of crude oil from Mexico each day. [3]
Trucks waiting to cross into the United States queue next to the border wall in Tijuana. ... Mexican exports to the U.S. reached $475 billion in 2023, with 13%, or about $62 billion, shipped to ...
Sentiment on the ground is exciting, but most investment flows are yet to be seen, Ramos told CNN. Analysts at Morgan Stanley see the value of Mexico’s exports to the United States growing from ...
Analysts said the tariffs imposed by Mexico's biggest trade partner would deal a heavy blow to Latin America's second-largest economy. The United States bought more than 80% of Mexico's exports ...
Balance of trade with the United States. The 30 largest trade partners of the United States represent 87.9 percent of U.S. exports, and 87.4 percent of U.S. imports as of 2021. These figures do not include services or foreign direct investment. In 2023, Canada is the largest trading partner of the United States, followed by Mexico. [1]
The most influential FTA is the United States–Mexico–Canada Agreement (USMCA), which came into effect in 2020 and was signed in 2018 by the governments of the United States, Canada, and Mexico. In 2006, trade with Mexico's two northern partners accounted for almost 90% of its exports and 55% of its imports. [ 27 ]
“This is very positive for Mexico, because it needs to diversify its exports," said Siller, noting that 80% of Mexico's exports go to the U.S. "This gives the United States all the power to ...
This increase in exports led to a decrease in the Mexican trade deficit. The United States is currently Mexico's largest trade partner, with 88.66 percent of Mexican exports going to the United States. As a result, Mexico's economy is largely tied up in the United States’. Due to this increased dependency on the United States’ economy ...