Despite the ongoing trade tensions and tariffs imposed by President Donald Trump, Mexico’s exports to the United States reached a historic record in May, with merchandise sales totaling $46.3 billion.
According to data from the United States Census Bureau, Mexico has emerged as the largest source of imports for the US market, accounting for 14.6% of total foreign purchases and an annualized growth rate of 6.2%. This represents a significant increase compared to last year, surpassing China’s exports to the US, which totaled $148.5 billion.
Mexico’s export performance in May is also notable, with a 5.6% increase compared to the same month in 2024. The country has consolidated its position as the main supplier of goods to the US market, solidifying its trade ties with its northern neighbor.
The data highlights the growing bilateral dynamism between Mexico and the United States, with exports of goods from the US to Mexico totaling $140.1 billion, just below the amount sent to Canada. Mexico’s 15.6% share of total US exports reaffirms its position as the second most important destination for US products.
The aggregate trade between Mexico and the US has also reached a significant milestone, with total trade totaling $359.6 billion, representing 15.0% of the United States’ total foreign trade. This figure solidifies Mexico’s position as the US’s main trading partner, ahead of Canada and China.
However, the growth in trade between the two countries has also contributed to an increasingly large trade deficit for the US economy. Mexico ranks second on the list of countries with which the US has the largest accumulated deficit, with a negative balance of -$79.4 billion. Only China surpasses it, while Canada has a much smaller imbalance.
Source: Yucatan a la Mano
