Mexico‘s exports to the United States in 2024 grew at a year-on-year rate of 6.1%, to $505.851 billion.

For the entire same year, U.S. imports from around the world were $3.27 billion, implying year-over-year growth of 6.1 percent.

Consequently, Mexico increased its market share from 15.4 percent to 15.5 percent of total U.S. imports.

All these data cover only products, without considering services.

Mexico’s exports to the United States in 2024

Mexico ranked as the top trading partner of the United States for the second consecutive year. Previously this position was held by China, but it lost it as a result mainly of its trade war with the United States, which started in 2018.

This is the trend of Mexico’s merchandise exports to its northern neighbor, in millions of dollars:

• 2018: 346,101.
• 2019: 357,971.
• 2020: 325,212.
• 2021: 384,648
• 2022: 454,775.
• 2023: 475,216.
• 2024: 505,851.

Mexico exports a wide variety of products to the U.S. market, mainly manufactured goods such as cars, computers, auto parts and telephones.

USMCA Review

On the first day of his current administration, U.S. President Donald Trump ordered an early April review of U.S. trade agreements, including the U.S.-Mexico-Canada Agreement (USMCA).

At the same time, these three nations began internal consultations ahead of the 2026 joint review. This process could lead to changes in the agreement. In addition, according to Article 34, the review will mark the beginning of a 10-year period towards its possible expiration. To avoid an end in 2036, the parties must approve its renewal for an additional 16 years.

In the case of the United States, the Trump administration could condition the renewal on adjustments to certain commitments. Among the initiatives discussed in Washington are changes in the automotive rules of origin, restrictions on forced labor and new limitations on Chinese companies in North America.