Mexico

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Changes in 2019 from 2018: 

• U.S. total exports to Mexico decreased by $9.1 billion (3.4 percent) to $256.4 billion. 
• U.S. general imports from Mexico grew by $12.0 billion (3.5 percent) to $358.1 billion. 
• The U.S. merchandise trade deficit with Mexico widened by $21.1 billion (26.2 percent) to $101.8 billion. 

 

 

U.S. total exports to Mexico decreased by $9.1 billion (3.4 percent) to $256.4 billion in 2019, declining across all major industry sectors except for the agricultural products sector (table MX.1). U.S. exports of chemicals and related products dropped the most based on absolute change between 2018 and 2019, falling from $38.4 billion to $35.6 billion, a decrease of $2.8 billion (7.3 percent). U.S. exports of machinery fell by $1.8 billion (7.1 percent) to their lowest level since 2016. Additionally, U.S. exports of electronic products dropped by $1.5 billion (2.7 percent) between 2018 and 2019, reversing the trend from the prior year. The decrease in U.S. exports of electronic products was primarily driven by declines in U.S. exports of computers, peripherals, and parts (EL017) and telecommunications equipment (EL002). Agricultural products were the only major industry sector for which U.S. exports increased during 2018–19, rising by $79 million (0.4 percent) and continuing the sector’s increase in exports over the last five years. Nearly one-quarter of U.S. total exports to Mexico were re-exports.[1]  

 

 

 

U.S. general imports from Mexico increased by $12.0 billion (3.5 percent) to $358.1 billion in 2019 (table MX.2). The largest contributor to this increase was the transportation equipment sector, for which imports grew by $9.2 billion (7.2 percent) between 2018 and 2019. U.S. imports in this sector rose consistently during the five-year period analyzed, increasing by $31.7 billion (30.4 percent) between 2015 and 2019. The increase in 2019 can be attributed primarily to a $6.7 billion (10.4 percent) increase in U.S. imports of motor vehicles (TE009). U.S. imports of agricultural products also rose between 2018 and 2019, from $28.3 billion to $31.1 billion, a 9.8 percent increase. Partially offsetting the overall increase in U.S. imports from Mexico, U.S. imports of energy-related products declined by $2.4 billion (15.5 percent), $2.1 billion of which came from a decrease in imports of crude petroleum (EP004). 

 

 

 

 

The U.S. merchandise trade deficit with Mexico widened by $21.1 billion (26.2 percent) to $101.8 billion in 2019 (table MX.3). A large portion of this change came from transportation equipment, for which the deficit widened from $83.6 billion to $92.9 billion, an increase of $9.3 billion (11.1 percent). Additionally, the U.S. trade deficit with Mexico in electronic products widened by $3.2 billion (12.4 percent) to $29.2 billion in 2019. Partially offsetting these trends, the U.S. trade surplus in energy-related products widened by $2.0 billion (10.4 percent), a continuation of the increasing surplus in this sector since the beginning of the five-year period analyzed.