Mexico could not prevent fees from registering the first quarter of its revenue from export to the United States.
In addition, in the first trimester of 2025, Mexico says that it was again the world’s largest export to the United States Data released by the US Census Bureau on Tuesday.
In the first quarter, Mexico exported $ 131.29 billion worth of goods to the world’s largest economy, which increased by 9.5% compared to the same period of 2024.
Mexico retained Canada and China Its position as the best exporter of the United States. Canada’s revenue from exports to the United States increased by 7.9% annually to $ 108.93 billion, while China’s revenues rose 5.1% to $ 102.65 billion.
Mexico’s share of the US 48 948 billion market for imports in the first trimester of the year was 13.8%.
Mexico, Canada and China all increased their revenues from exports sent to the United States in the first quarter of 2025, despite US President Donald Trump to import from those countries, many people imposed new fees.
US fees on Mexican steel and aluminum and other Mexican products that are not under the USMCA Free Trade Agreement were in effect for most of March, which came into effect. On March 12 And March 4Respectively.
This strategy must recognize the importance of the size of the US market, but create the site of high -tech exports supported by the existing electronic component in the country. We need to create more energy, @Zief_geOvarian pic.twitter.com/dugfcslqZz
– Mexico, how are we going? (Mexexicocomovamos) May 6, 2025
US charges on vehicles made in Mexico Until the beginning of April, it did not come into effect.
Eight days after the release of Mexico’s National Statistical Agency InEGI statistics comes out of the US export data release Mexico received $ 149.25 billion in a total of three months since 2025An increase in 4% compared to the first quarter of last year.
More than 80% of Mexico’s export revenue comes from the goods shipped to the United States.
Mexico’s export revenue increased by 15.4% in March
Although US charges are imposed on products that are not closed by Mexican steel, aluminum and USMCA – As well as all Mexican products for a short period of time in early March – The value of Mexico’s exports to the United States increased by 15.4% annually in March to $ 47.98 billion.
Mexico’s strong growth in export revenue in March may have been somewhat due to the fall in March last year, while Easter was in April 2025 a week before Sunday. As a result, there were more working days in March 2025 than the same month last year.
The growth of Mexico’s revenue from exports to the United States in March was more than 4.2% annual increase in income for Canada, which sent $ 35.66 billion worth of goods to its southern neighbors in the third month of the year.
As a sign that the largest US charges on Chinese goods hurt China, the value of the US exports of East Asia fell 1.9% annually to $ 29.38 billion in March.
With us, Mexico’s trade surplus increased by 19% in Q1
Census Bureau data shows that the US exported $ 84.04 billion worth of goods to Mexico in the first trimester of 2025, which increased 4.8% compared to last year.
In the first quarter of 2025, Mexico had a $ 47.25 billion trade surplus with its northern neighbors. Mexico’s surplus with the United States in the trimester from 2024. 39.68 billion.
Mexico’s surplus increased by 19.1% over one year.
In 2024, The value of Mexican’s exports to the United States has exceeded US $ 500 billion for the first timeMexico’s surplus with the United States increased by 12.7% annually to $ 171.8 billion.
Trump has triggered against the trade deficit running with America Mexico and is also Even suggested that Mexico should become a US state Due to trade imbalance between the two countries.
US President Mexico and Canada have quoted a reason for imposing fees for importing from those countries, although the three countries have signed the USCA, although they have a large amount of coordination between their economies.
After calling Trump last week, President Claudia Shinebam America acknowledged that the United States is “very interested” In reducing trade deficit with Mexico.
He and the US president “continued to work” in a way that Mexico imported more products from the United States to reduce trade inequality.
“In other words, Shinebam said,” Keep more business for the benefit of the two countries, “its government is currently in Trying to negotiate best trade conditions with the US.
With reports from Economist
