The trade relationship between Mexico and the United States stands as one of the most vital economic partnerships globally. With the total trade value hitting $839.9 billion in 2024, this cross-border collaboration fuels industries, supports millions of jobs, and strengthens bilateral ties. This comprehensive guide dives into top imports from Mexico to the US, recent Mexico export data, major trade partners, and how businesses can leverage this valuable trade data. Additionally, we’ll explore Ecuador import data to provide a comparative perspective on trade dynamics in the Americas.
Mexico–US Trade Relations: An Overview
Mexico–US trade relations are built on strong supply chain integration, especially in sectors like automotive, electronics, agriculture, and textiles. The US is Mexico’s largest trading partner, while Mexico consistently ranks among the top three US trading partners.
The United States-Mexico-Canada Agreement (USMCA), which replaced NAFTA in 2020, has further boosted trade between the two nations, offering more comprehensive regulations and dispute resolution mechanisms.
Mexico Trade Data with the United States (2024)
Here’s a snapshot of the latest Mexico–US trade statistics:
| Category | Value (USD Billion) | Change from 2023 |
|---|---|---|
| Total Trade Value | $839.9B | – |
| U.S. Exports to Mexico | $334.0B | +3.5% |
| U.S. Imports from Mexico | $505.9B | +6.4% |
| U.S. Goods Trade Deficit | $171.8B | +12.7% |
These numbers confirm Mexico’s rising importance in US import markets, especially in manufactured and agricultural products.
Top Imports from Mexico to the US
The top imports from Mexico to the US highlight the deep industrial and agricultural integration between the two countries. Here’s an updated list of major imports by category:
| Product Category | Value (USD Billion) |
|---|---|
| Vehicles | $130.03B |
| Electrical Machinery | $85.55B |
| Nuclear Reactors & Parts | $81.61B |
| Mineral Fuels | $25.02B |
| Surgical Instruments | $22.33B |
| Furniture | $13.35B |
| Vinegar & Beverages | $11.75B |
| Commodities NES | $10.91B |
| Edible Fruits and Nuts | $10.86B |
| Edible Vegetables | $9.52B |
Mexico’s Export Profile: Global Overview
According to the latest Mexico export data, the country exported approximately $144 billion worth of goods in Q1 2024, marking a 1.7% increase from 2023. With a diversified portfolio, Mexico’s global export strength is primarily focused on manufactured goods.
Top 10 Mexico Export Products
| Rank | Export Product | Value (USD Billion) |
|---|---|---|
| 1 | Vehicles | $156.5B |
| 2 | Electrical Machinery | $103.4B |
| 3 | Machinery (incl. Computers) | $93.5B |
| 4 | Mineral Fuels | $32.6B |
| 5 | Medical & Optical Instruments | $27.3B |
| 6 | Furniture & Prefabs | $12.9B |
| 7 | Beverages & Spirits | $12.0B |
| 8 | Plastics | $11.7B |
| 9 | Vegetables | $9.9B |
| 10 | Iron & Steel Articles | $9.8B |
Mexico’s Top Trading Partners
The following countries represent the biggest Mexico trade partners based on export volumes:
| Rank | Country | Export Value (USD Billion) |
|---|---|---|
| 1 | United States | $421B |
| 2 | Canada | $22.2B |
| 3 | China | $12.7B |
| 4 | Chinese Taipei | $7.86B |
| 5 | South Korea | $7.29B |
The US alone receives over 80% of Mexico’s total exports, underscoring the strategic importance of this bilateral trade flow.
Top US Trading Partners (2024)
Understanding US imports by country helps assess the global trade landscape. Here are the top US trading partners based on total trade volume:
| Rank | Country | Total Trade Value (USD Billion) |
|---|---|---|
| 1 | Mexico | $839.9B |
| 2 | Canada | $762.1B |
| 3 | China | $582.4B |
| 4 | Japan | $227.9B |
| 5 | Germany | $236B |
Why the US Relies on Mexico for Imports
Several factors contribute to the US’s dependence on Mexico for specific goods:
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Proximity & logistics efficiency
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Lower labor and production costs
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Shared trade agreements like USMCA
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Established supply chains, particularly in electronics, automotive, and agriculture
Ecuador Import Data: A Comparative Perspective
While focusing on Mexico–US trade, it’s insightful to consider Ecuador import data to understand regional trade dynamics. In 2024, Ecuador’s total imports were valued at $29.49 billion, with the United States, China, and Colombia being its main import partners. The top imported commodities included mineral fuels, machinery, and electrical equipment .
Comparing this with Mexico’s export figures highlights the scale and diversity of trade relationships within the Americas. Businesses looking to expand in Latin America should consider such data to identify emerging markets and trade opportunities.
Accessing US Importers Database & Trade Statistics
To make informed decisions, businesses can use tools like US import data by HS code, explore top US imports, and access the US importers database. Platforms like Seair Exim Solutions provide:
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Detailed trade analytics
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Real-time import/export alerts
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Customized reports by HS code, product, or country
Conclusion
The Mexico–US trade relationship is one of the most influential in the world, shaping regional economies and global supply chains. With increasing exports, integrated manufacturing, and strong trade agreements, Mexico continues to be an indispensable partner for the US.
By also examining Ecuador import data, businesses gain a broader understanding of trade patterns in the Americas, enabling them to make strategic decisions and tap into new markets.
Whether you’re a trader, policymaker, or business analyst, staying updated with Mexico export data, US imports by country, and top US imports is critical. For tailored insights and live trade data, connect with Seair Exim Solutions today.