Mexico Trade & Investment Summary
U.S. goods and services trade with Mexico totaled an estimated $855.1 billion in 2022. Exports were $362.0 billion; imports were $493.1 billion. The U.S. goods and services trade deficit with Mexico was $131.1 billion in 2022.
U.S. goods exports to Mexico in 2022 were $324.3 billion, up 17.0 percent ($47.2 billion) from 2021 and up 50 percent from 2012. U.S. goods imports from Mexico totaled $454.8 billion in 2022, up 18.9 percent ($72.2 billion) from 2021, and up 64 percent from 2012. U.S. exports to Mexico account for 15.7 percent of overall U.S. exports in 2022. The U.S. goods trade deficit with Mexico was $130.5 billion in 2022, a 23.7 percent increase ($25.0 billion) over 2021.
U.S. exports of services to Mexico were an estimated $37.7 billion in 2022, 21.4 percent ($6.6 billion) more than 2021, and 38 percent greater than 2012 levels. U.S. imports of services from Mexico were an estimated $38.3 billion in 2022, 35.5 percent ($10.0 billion) more than 2021, and 116 percent greater than 2012 levels. Leading services exports from the U.S. to Mexico were in the travel, technical and other services, and transportation sectors. The United States had a services trade deficit of an estimated $631 million with Mexico in 2022, down 122.9 percent from 2021.
U.S. foreign direct investment (FDI) in Mexico (stock) was $130.3 billion in 2022, a 7.6 percent increase from 2021. U.S. direct investment in Mexico is led by manufacturing, nonbank holding companies, and finance and insurance.
Mexico's FDI in the United States (stock) was $33.8 billion in 2022, up 21.5 percent from 2021. Mexico's direct investment in the U.S. is led by manufacturing, wholesale trade, and real estate.
As a seasoned expert in international trade and economic relations, my comprehensive understanding of global commerce allows me to delve into the intricacies of the economic dynamics between countries. With a proven track record of analyzing trade data and trends, I will now shed light on the vital information encapsulated in the provided article about the trade and investment relationship between the United States and Mexico in 2022.
1. Total Trade Volume: The bilateral goods and services trade between the United States and Mexico in 2022 amounted to an impressive $855.1 billion. This figure reflects the substantial economic interdependence between the two nations.
2. Trade Balance: Examining the trade balance, the United States experienced a goods and services trade deficit with Mexico, reaching $131.1 billion in 2022. This deficit is a critical metric indicating the variance between the value of exports and imports.
3. Goods Trade: Breaking down the goods trade, U.S. goods exports to Mexico stood at $324.3 billion in 2022, marking a notable increase of 17.0 percent from the previous year and a substantial 50 percent surge since 2012. On the flip side, U.S. goods imports from Mexico totaled $454.8 billion in 2022, reflecting an 18.9 percent growth from 2021 and a remarkable 64 percent increase since 2012.
4. Services Trade: In the services sector, U.S. exports to Mexico for 2022 reached an estimated $37.7 billion, demonstrating a 21.4 percent rise from 2021 and a significant 38 percent surge since 2012. Conversely, U.S. imports of services from Mexico were approximately $38.3 billion in 2022, representing a 35.5 percent increase from 2021 and a substantial 116 percent jump from 2012.
5. Services Trade Deficit: The United States experienced a services trade deficit of approximately $631 million with Mexico in 2022, indicating a noteworthy reduction of 122.9 percent from the previous year.
6. Foreign Direct Investment (FDI): Turning attention to foreign direct investment, U.S. FDI in Mexico reached $130.3 billion in 2022, reflecting a 7.6 percent increase from 2021. This investment is predominantly led by sectors such as manufacturing, nonbank holding companies, finance, and insurance.
7. Mexican FDI in the U.S.: On the other side of the spectrum, Mexico's foreign direct investment in the United States amounted to $33.8 billion in 2022, showcasing a robust 21.5 percent growth from the previous year. Manufacturing, wholesale trade, and real estate are the leading sectors driving Mexico's direct investment in the U.S.
In conclusion, the intricate web of trade and investment between the United States and Mexico is characterized by substantial figures, dynamic growth patterns, and sector-specific nuances. This analysis provides a nuanced understanding of the economic interplay between these two crucial Western Hemisphere nations.
