Regardless, Mexico is one of the very largest trading partners with the U.S., accounting for $557.6 billion in total two way goods trade for 2017.
The top categories include machinery, at $43 billion in exports, electrical machinery, at $41 billion, mineral fuels, at $27 billion, and plastics, at $17 billion. In 2017, trade between Mexico and the United States reached USD 522 billion, with Mexico posting a surplus of near USD 132 billion. Mexico’s trade surplus widened to USD 3,392 million in March 2020 from USD 1,486 million in the corresponding month of the previous year and beating market expectations of a USD 2.40 billion surplus. Among the most popular vehicles exported to Mexico are those by Ford Motor Company (
Balance of Trade
The country exported 1.179 million barrels of crude oil per day, higher than 1.023 million barrels a year earlier, while the price was USD 14.18 per barrel, $47.68 below the price in April 2019. In Mexico's case, the surplus was $132.4 billion, according to Mexican reports. Some of the most important categories for imports from Mexico include vehicles, with about $84 billion, electrical machinery, with $62 billion, machinery, with $54 billion, optical and medical instruments, with $14 billion, and mineral fuels, with $11 billion. It was the largest monthly trade shortfall ever recorded, amid lingering effects of the coronavirus crisis. US TradeNumbers. At the margin, using 3-month annualized seasonally adjusted figures, the trade balance stood at a deficit of USD 14.6 billion in 2Q20 (from a surplus of USD 20.7 billion in 1Q20), with the energy trade balance posting a deficit of USD 9.4 billion (from a deficit of USD 21.5 billion), while the non-energy trade balance stood at a deficit of USD 5.2 billion (from a surplus of USD 42.2 billion). Among other concerns for the Trump administration, one of the primary targets of the president's ire has been the NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified.
It was the largest monthly trade shortfall ever recorded, amid lingering effects of the coronavirus crisis.
The country exported 1.114 million barrels of crude oil per day, higher than 0.995 million barrels a year earlier, while the price was USD 32.90 per barrel, $23.95 below the price in May 2019. Balance Of Trade - BOT: The balance of trade (BOT) is the difference between a country's imports and its exports for a given time period. In the same period one year ago, it ranked No. The country's top trading partner is the United States (80 percent of total exports and 46 percent of total imports). They accounted for 26.32 percent of total exports to Mexico.The value of the top five categories of U.S. imports from Mexico –– Computers; Passenger vehicles; Commercial vehicles; Motor vehicle parts; and Oil –– accounted for 31.84 percent of all inbound shipments.In the latest annual figures available, Mexico recorded $614.5 billion in trade with the United States.
It was the largest trade surplus on record, as imports dropped 6.7 percent over a year earlier to USD 35,007 million mainly due to lower purchases of intermediate goods (-4.6 percent); capital (-18.1 percent); consumption (-11.5 percent) and oil (-20.6 percent). 5 Santa Teresa Border Crossing, N.M..
According to the Office of the United States Trade Representative, U.S. goods and services trade with Mexico reached a total of nearly $616 billion in 2017.
Mexico's trade surplus widened to USD 5,547 million in June 2020 from USD 2,541 million in the corresponding month of the previous year.
This resulted in a positive trade balance of $21.3 billion USD. Balance of Trade
Trade with the United States and Canada has tripled since NAFTA's signing in 1994. Considering the first quarter of the year, the country recorded a USD 3,887 million trade surplus.Mexico's main exports are manufactured products (89 percent of total shipments) and oil and oil products (6 percent). The country exported 1.062 million barrels of crude oil per day, lower than 1.205 million barrels a year earlier, while the price was USD 21.88 per barrel, $38.43 below the price in May 2019.
A trade war arises when one country retaliates against another by raising import tariffs or placing other restrictions on the other country's imports. Search in posts It was the largest trade gap since January last year, amid the coronavirus crisis.
Details may not equal totals due to rounding. President Donald Trump has drawn intense criticism from many in the international community for his protectionist stance and strict adherence to an "America First" agenda when it comes to trade. Main imports from the United States are: other parts and accessories of vehicles (8 percent of total imports); electric apparatus (7 percent); petroleum products (6 percent) and computer accessories (6 percent). 2020 : U.S. trade in goods with Mexico . The country's top trading partner is the United States (80 percent of total exports and 46 percent of total imports). Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. TEForecast