From March to July 2022, the United States' first trading partner was Canada, followed by Mexico and China, which ranked third.

But in August and September, Mexico displaced Canada, remaining the United States' first trading partner in the exchange of products, not including services, in September 2022, the Census Bureau reported Thursday.

Previously, China held this lead in January and Mexico in February. We know that the United States is the world's largest merchandise importer, but monetary tightening should lower spending by households and businesses.

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While exports from the United States to the entire world totaled US$176,027 million in September, an increase of 23.9% year-on-year, imports to that nation were US$275.10 million, an increase of 12.6%. .

In that same month, the total product trade of the United States with Mexico totaled US$67.4 billion, followed by that reached with Canada (US$66.5 billion) and China (US$61.2 billion).

The United States exported goods to the Mexican market for a customs value of US$27,915.7 million (+22.5%, at an annual rate) and bought products from Mexico for US$39,506.9 million (+23.3%).

With this, the US trade deficit in this bilateral trade grew 25.3%, year on year, to US$ 11,591.2 million.

Mexico continues to present a high degree of concentration in its export markets. Mexico's main trading partner continues to be the United States: its share of total exports in 2021 was 80.7% and 43.8% of total imports.

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Since the United States is the main trading partner, the substantial majority of Mexican trade is cross-border, and consists of finished goods or others that participate in global value chains, resulting from the strong presence of assembly industries.

Mexico exports its products mainly to the United States (79.8%), these sales are made up mainly of manufactures (88.2%) and are mostly transported by land (64%).

Of the total Mexican exports of goods, cars, computers, oil, monitors and projectors, telephones and agri-food stand out.

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Original note