Mexico was the United States’ top trade partner in September, with two-way commerce totaling $67 billion.
It’s the eighth time in the past nine months that Mexico ranked No. 1, according to the most recent data from the U.S. Census Bureau.
In September, Canada ranked No. 2 at $64.7 billion,while China was third at $52.1 billion.
Mexico’s trade with the U.S. totaled $600 billion through the first nine months of 2023, a year-over-year (y/y) increase of 2% from the same period in 2022, according to a WorldCity analysis of Census Bureau data.
Port Laredo, Texas, was the No. 1-ranked U.S. trade gateway with Mexico, totaling $26.9 billion in September. It was the eighth straight month the Laredo border crossing was the country’s top-ranked international commercial trade port.
The Port of Los Angeles ranked No. 2 with $25.9 billion and Chicago O’Hare International Airport was No. 3, reporting $23.5 billion in trade during September.
The top three imports from Mexico to the U.S. through Laredo were auto parts ($2.2 billion), passenger vehicles ($1.5 billion) and heavy-duty trucks ($953 million), according to WorldCity.
The top exports from the U.S. to Mexico through Laredo were auto parts ($1.3 billion), gasoline ($327 million) and diesel engines ($237 million).
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Source: Mexico remains top US trade partner, Laredo No. 1 gateway - FreightWaves
