U.S. Trade with Mexico in 2017
Since the North American Free Trade Agreement (NAFTA) came into force in 1994, U.S.-Mexico trade has soared. U.S. goods and services trade with Mexico totaled an estimated $615.9 billion in 2017, according to USTR. Exports were $276.2 billion; imports were $339.8 billion. The U.S. goods and services trade deficit with Mexico was $63.6 billion in 2017.
Mexico was the United States’ 2nd largest goods export market in 2017.
U.S. goods exports to Mexico in 2017 were $243.3 billion, up 5.8% ($13.3 billion) from 2016 and up 79.0% from 2007. U.S. exports to Mexico are up 485% from 1993 (pre-NAFTA). U.S. exports to Mexico account for 15.7% of overall U.S. exports in 2017.
The top export categories (2-digit HS) in 2017 were: machinery ($43 billion), electrical machinery ($41 billion), mineral fuels ($27 billion), vehicles ($21 billion), and plastics ($17 billion).
U.S. total exports of agricultural products to Mexico totaled $19 billion in 2017, our 3rd largest agricultural export market. Leading domestic export categories include: corn ($2.7 billion), soybeans ($1.6 billion), pork & pork products ($1.5 billion), dairy products ($1.3 billion), and beef & beef products ($979 million).
U.S. exports of services to Mexico were an estimated $32.9 billion in 2017, 3.8% ($1.2 billion) more than 2016, and 31.6% greater than 2007 levels. It was up roughly 216% from 1993 (pre-NAFTA). Leading services exports from the U.S. to Mexico were in the travel, transport, and intellectual property (computer software, industrial processes) sectors.
Mexico was the United States’ 2nd largest supplier of goods imports in 2017.
U.S. goods imports from Mexico totaled $314.3 billion in 2017, up 6.9% ($20.3 billion) from 2016, and up 49.1% from 2007. U.S. imports from Mexico are up 687% from 1993 (pre-NAFTA). U.S. imports from Mexico account for 13.4% of overall U.S. imports in 2017.
The top import categories (2-digit HS) in 2017 were: vehicles ($84 billion), electrical machinery ($62 billion), machinery ($54 billion), optical and medical instruments ($14 billion), and mineral fuels ($11 billion).
U.S. total imports of agricultural products from Mexico totaled $25 billion in 2017, our largest supplier of agricultural imports. Leading categories include: other fresh fruit ($6.0 billion), fresh vegetables ($5.5 billion), wine and beer ($3.3 billion), snack foods ($2.1 billion), and processed fruit & vegetables ($1.5 billion).
U.S. imports of services from Mexico were an estimated $25.5 billion in 2017, 5.8% ($1.4 billion) more than 2016, and 66.2% greater than 2007 levels. It was up roughly 243% from 1993 (pre-NAFTA). Leading services imports from Mexico to the U.S. were in the travel, transport, and technical and other services sectors.
More information is available on USTR website.