The North American Free Trade Agreement (NAFTA) has fostered this relationship by virtue of the agreement's comprehensive, market-opening rules. It is also creating a more equitable set of trade rules as trade barriers in Mexico are reduced and eliminated.
U.S.-Mexico Trade Facts
U.S. goods and services trade with Mexico totaled $500 billion in 2011 (latest data available for goods and services trade). Exports totaled $224 billion; Imports totaled $277 billion. The U.S. goods and services trade deficit with Mexico was $53 billion in 2011.
Mexico is currently our 3rd largest goods trading partner with $494 billion in total (two ways) goods trade during 2012. Goods exports totaled $216 billion; Goods imports totaled $278 billion. The U.S. goods trade deficit with Mexico was $61 billion in 2012.
Trade in services with Mexico (exports and imports) totaled $39 billion in 2011 (latest data available). Services exports were $25 billion; Services imports were $14 billion. The U.S. services trade surplus with Mexico was $11 billion in 2011.
Mexico was the United States’ 2nd largest goods export market in 2012.
U.S. goods exports to Mexico in 2012 were $216.3 billion, up 9.1% ($18.0 billion) from 2011, and up 121.9% from 2002. It is up 420% since 1993 (Pre-NAFTA). U.S. exports to Mexico accounted for 14.0% of overall U.S. exports in 2012.
The top export categories (2-digit HS) in 2012 were: Machinery ($36.0 billion), Electrical Machinery ($34.0 billion), Mineral Fuel and Oil ($23.8 billion), Vehicles ($20.4 billion), and Plastic ($13.9 billion).
U.S. exports of agricultural products to Mexico totaled $18.9 billion in 2012, the 3rd largest U.S. Ag export market. Leading categories include: coarse grains ($3.0 billion), red meats, fresh/chilled/frozen ($1.9 billion), and soybeans ($1.9 billion), dairy products ($1.2 billion), and wheat ($1.1 billion).
U.S. exports of private commercial services* (i.e., excluding military and government) to Mexico were $25.2 billion in 2011 (latest data available), 4.6% ($1.1 billion) more than 2010 and 62% greater than 2000. It was up 142% from 2003 (Pre-NAFTA). The other private services (business, professional, and technical services and financial services), and the travel categories accounted for most of U.S. services exports to Mexico.
Mexico was the United States 3rd largest supplier of goods imports in 2012.
U.S. goods imports from Mexico totaled $277.7 billion in 2012, up 5.6% ($14.8 billion) from 2011, and up 106.3% from 2002. It is up 596% since 1993 (Pre-NAFTA). U.S. imports from Mexico accounted for 12.2% of overall U.S. imports in 2012.
The five largest import categories in 2012 were: Electrical Machinery ($56.8 billion), Vehicles (cars, trucks and parts) ($53.5 billion), Machinery ($42.3 billion), Mineral Fuel and Oil (crude) ($39.9 billion), and Optic and Medical Instruments ($10.4 billion).
U.S. imports of agricultural products from Mexico totaled $16.4 billion in 2012, the 2nd largest U.S. supplier. Leading categories include: fresh vegetables ($4.0 billion), fresh fruit (excluding bananas) ($2.7 billion), wine and beer ($1.8 billion), and snack foods (including chocolate) ($1.5 billion).
U.S. imports of private commercial services* (i.e., excluding military and government) from Mexico were $13.7 billion in 2011 (latest data available), up 1.5% ($202 million) from 2010, and up 28% from 2000. It was up 85% from 2003 (Pre-NAFTA). Travel, and other private services (business, professional and technical services) accounted for most of U.S. services imports from Mexico in 2011.
The U.S. goods trade deficit with Mexico was $61.3 billion in 2012, a 4.9% decrease ($3.2 billion) over 2012. The U.S. goods trade deficit with Mexico accounted for 8.4% of the overall U.S. goods trade deficit in 2012.
The United States had a services trade surplus of $11.5 billion with Mexico in 2011 (latest data available), up 8.6% from 2010.
U.S. foreign direct investment (FDI) in Mexico (stock) was $91.4 billion in 2011 (latest data available), an 8.4% increase from 2010.
U.S. FDI in Mexico is primarily concentrated in the manufacturing, nonbank holding companies, and finance/insurance sectors.
Mexican FDI in the United States (stock) was $13.8 billion in 2011 (latest data available), up 22.2% from 2010.
Mexican direct investment in the U.S. is led by the manufacturing and wholesale trade sectors.
Sales of services in Mexico by majority U.S.-owned affiliates were $34.4 billion in 2010, (latest data available), while sales of services in the United States by majority Mexico-owned firms were $4.8 billion.
NOTE: Refers to private services trade not including U.S. military sales, direct defense expenditures and other miscellaneous U.S. government services.