Contact Us

  • Office of Economics
    202.205.3216
  • Office of Industries
    202.205.3296
Skip to Navigation to Main Content ::Mexico: Exports, Imports, and Trade Balance

View Section in Publication :: Return to Overview

Key Economic Trends

  • In 2008, the U.S. trade deficit with Mexico decreased by 7 percent as the growth of U.S. exports outpaced the growth of U.S. imports. The reduction of the U.S. trade deficit with Mexico was once the second since 1994 when NAFTA was implemented and the first since 1997. A large share of U.S. bilateral trade with Mexico is accounted for by intrafirm transfers and other foreign direct investment and foreign-based manufacturing activity.
  • In 2008, Mexico was the second-largest U.S. export market. U.S. exports to Mexico rose by $12.1 billion (10 percent) to $131.5 billion, driven in part by a Mexican economy that expanded by 1 percent. The largest export increases were in energy-related products, agricultural products, and minerals and metals. The increase in value of these exports is attributable, in large part, to an increase in commodity prices.
  • In 2008, the largest U.S. import increases from Mexico were in energy-related products, minerals and metals, agricultural products, and chemicals and related products. U.S. imports from Mexico increased by approximately 3 percent, due principally to global price increases for crude petroleum.

Trade Shifts in 2008 from 2007

  • U.S. trade deficit: Decreased by $6.0 billion (7 percent) to $84.8 billion
  • U.S. exports: Increased by $12.1 billion (10 percent) to $131.5 billion
  • U.S. imports: Increased by $6.2 billion (3 percent) to $216.3 billion

Other Government Resources

Ministry of the Economy International Trade Negotiations

U.S. Central Intelligence Agency
World Factbook

U.S. Department of Energy, Energy Information Administration
Country Analysis Brief Mexico

U.S. Department of State
Background Note Mexico

U.S.-Mexico Chamber of Commerce

2008 Overview

Sector Shifts

Country Shifts

Frequently Asked Questions

General Contacts


Project Leader
Phone: 202.205.3190

 


Assistant Project Leader
Phone: 202.205.3313

Media Contact


Public Affairs Officer
Phone: 202.205.1819