United States (USA) and Mexico (MEX) Trade | The Observatory of Economic Complexity

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United States (USA) and Mexico (MEX) Trade

2021

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Exports $247BRnk 2 / 217

2021

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About

United States-Mexico In 2021, United States exported $247B to Mexico. The main products that United States exported to Mexico are Refined Petroleum ($25.9B), Motor vehicles; parts and accessories (8701 to 8705) ($14.1B), and Petroleum Gas ($14B). During the last 26 years the exports of United States to Mexico have increased at an annualized rate of 6.61%, from $46.7B in 1995 to $247B in 2021.

In 2017, United States exported services to Mexico worth $31.5B, with Travel ($15.7B), Other business services ($3.4B), and Royalties and license fees ($3.32B) being the largest in terms of value.

Mexico-United States In 2021, Mexico exported $361B to United States. The main products that Mexico exported to United States were Computers ($28.3B), Cars ($26.7B), and Motor vehicles; parts and accessories (8701 to 8705) ($26.7B). During the last 26 years the exports of Mexico to United States have increased at an annualized rate of 6.82%, from $64.9B in 1995 to $361B in 2021.

In 2021, Mexico did not export any services to United States.

Comparison In 2021, United States ranked 10 in the Economic Complexity Index (ECI 1.46), and 2 in total exports ($1.63T). That same year, Mexico ranked 23 in the Economic Complexity Index (ECI 1.09), and 12 in total exports ($474B).

Latest Trends

September, 2023

About

Overview In September 2023, United States exported $27.6B and imported $39.5B from Mexico, resulting in a negative trade balance of $12B. Between September 2022 and September 2023 the exports of United States have decreased by $-346M (-1.24%) from $27.9B to $27.6B, while imports increased by $36.6M (0.093%) from $39.5B to $39.5B.

Trade In September 2023, the top exports of United States to Mexico were Refined Petroleum ($2.21B), Motor vehicles; parts and accessories (8701... ($1.31B), Petroleum Gas ($1.08B), Integrated Circuits ($1.06B), and Office Machine Parts ($865M). In September 2023 the top imports of United States from Mexico were Cars ($2.65B), Computers ($2.35B), Motor vehicles; parts and accessories (8701... ($2.17B), Delivery Trucks ($2.15B), and Crude Petroleum ($1.47B).

Origins In September 2023 the exports of United States were mainly from Texas ($11.2B), California ($2.96B), Michigan ($1.25B), Illinois ($1.04B), and Indiana ($734M), while imports destinations were mainly Texas ($11.5B), Michigan ($6.13B), California ($5.32B), Illinois ($1.46B), and Georgia ($1.17B).

Growth In September 2023, the decrease in United States's year-by-year exports to Mexico was explained primarily by an decrease in product exports in Combustion Engines ($-103M or -29.1%), Refined Copper ($-74.4M or -69.6%), and Soybean Meal ($-30.4M or -36%). In September 2023, the increase in United States's year-by-year imports from Mexico was explained primarily by an increase in product imports in Crude Petroleum ($535M or 57.3%), Tractors ($289M or 64.1%), and Computers ($255M or 12.2%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2022 - September 2023)$-346M(-1.24%)

IMPORT GROWTH (September 2022 - September 2023)$36.6M(0.093%)

MAIN EXPORTER (September 2023)Texas$11.2B

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Mexico and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, United States exported $247B to Mexico. The main products exported from United States to Mexico were Refined Petroleum ($25.9B), Motor vehicles; parts and accessories (8701 to 8705) ($14.1B), and Petroleum Gas ($14B). During the last 26 years the exports of United States to Mexico have increased at an annualized rate of 6.61%, from $46.7B in 1995 to $247B in 2021.

In 2021, Mexico exported $361B to United States. The main products exported from Mexico to United States were Computers ($28.3B), Cars ($26.7B), and Motor vehicles; parts and accessories (8701 to 8705) ($26.7B). During the last 26 years the exports of Mexico to United States have increased at an annualized rate of 6.82%, from $64.9B in 1995 to $361B in 2021.

Exports from United States () to Mexico () (2021)

Exports from Mexico () to United States () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$259B

Mexico
Top DestinationUnited States$361B

This map shows whether countries import more from United States or Mexico. Each country is colored based on the difference in imports they receive from United States and Mexico or the difference in the growth in imports.

In 2021, countries that imported more from United States than Mexico were Canada ($259B), China ($151B), and Japan ($71.8B).

In 2019, no countries were registered that imported more from Mexico than from United States.

Difference in imports from Mexico () and United States () (2021)

Comparative Advantage United States - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between United States and Mexico by product, considering products traded by both, United States and Mexico.

During 2021, United States had a large net trade with Mexico in the exports of Machines ($73.3B), Mineral Products ($41.7B), and Plastics and Rubbers ($22.4B).

During 2021, Mexico had a large net trade with United States in the exports of Machines ($146B), Transportation ($90.2B), and Instruments ($17.9B).

Service Trade

Bilateral Service Trade

Usa Year

In 2017, United States exported services to Mexico worth $31.5B, with Travel ($15.7B), Other business services ($3.4B), and Royalties and license fees ($3.32B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Mexico () (2017)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United States has comparative advantage over Mexico. Similarly, the more yellow a dot/product is, the more Mexico has comparative advantage over United States.

Product Space of United States () and Mexico () (2021)

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