Mexico ascends to become USA’s leading trade partner

April 30, 2019 – According to a recent article by Ken Roberts in Forbes, Mexico is the United States’ top trade partner – at least for now. Mexico traditionally ranks third among US trade partners, behind China and Canada.

Mexico Leading Trade Partner

This realignment shines a slightly brighter light on the essentially dormant US-Mexico-Canada (USMCA) agreement, which House Speaker Nancy Pelosi has bottled up in Congress, and President Trump’s since-retracted threat to close the US – Mexico border over illegal immigration and drug issues.

While the data is only through February, it is the most recent data available from the US Census Bureau, which is still playing catch-up from the month-long government shutdown.

Through February, US trade with Mexico has increased a relatively modest 3.36% while trade with current No. 2 Canada is down 4.12% and No. 3 China is down 13.52 percent.

US exports to Mexico have increased slightly, up 0.23%, while imports from Mexico increased 5.87%. On the export side, the drag was with the top U.S. export, gasoline and other fuels, which declined 4.73%. On the import side, the top import, motor vehicles, increased 13.93%.

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