The overall value of imports into the United States provided by its southern neighbor rose by an average 4.5% year over year from 2022 when America’s purchases from Mexican suppliers were valued at $459.2 billion.
On the other hand, the US exported $323.2 billion worth of products to Mexico in 2023. That dollar amount equals just over two-thirds (67.3%) of America’s total spending on all commodities from Mexico, flatlining via a -0.4% dip from 2022.
Consequently, America incurred a -$156.9 billion deficit trading goods with Mexico during 2023.
Showcased below are the 100 most valuable imported and exported products exchanged by the United States and Mexico during 2023.
This research is based on statistics using detailed four-digit Harmonized Tariff System codes.
Information in this article is presented in two searchable document databases for the top 100 products traded between the two North American countries.
Top US Imports from Mexico
The following document database highlights the 100 most valuable goods that America imported from Mexico in 2023.
These 100 import products attracted US$410.2 billion in American spending in 2023 or well over four-fifths (85.4%) of total US spending on imports from Mexico.
By dollar value, imports into the United States from Mexico equaled 15.1% of overall US imports from around the world in 2023.
Fastest-growing US imports from Mexico from 2022 to 2023 were fork-lift trucks (up 133.3%), live bovine cattle (up 76.5%), solar power diodes and semi-conductors (up 51%), microphones, headphones and amplifiers (up 43.6%) then meters for gas, liquids, electricity or production (up 36.5%).
Decliners impacting America’s spending on imported goods from Mexico the most were led by Mexican computers including optical readers (down -24.6% from 2022), plated or coated flat-rolled iron or non-alloy steel products (down -22.9%), plastic plates, sheets, film, tape and strips (down -22.7%), lifting or loading machinery (down -16.7%), unknitted and non-crocheted men’s suits and trouser (down -16.6%) then processed petroleum oils (down -14.9%).
Top US Exports to Mexico
The following document database focuses on the 100 leading products that American exporters sold to buyers located in Mexico during 2023.
The itemized 100 US export products represent US$235.3 billion in American sales to Mexico in 2023 or approaching three-quarters (72.8%) of total US exports into Mexico.
Exports from the United States to Mexico equaled 16% of all US exported products sold around the world in 2023.
The greatest increases among the top 100 US exports into Mexico from 2022 to 2023 belong to moving, grading, scraping or boring machinery (up 2,655%), refined copper and unwrought alloys (up 156.9%), electric storage batteries (up 90.6%), miscellaneous animal feed preparations (up 79.4%) then table games or bowling equipment (up 48.9%).
The severest retreats among America’s sales of exported goods to Mexico were recorded for declining Mexican spending on petroleum gases (down -45.6% from 2022), wheat (down -32.3%), cyclic hydrocarbons (down -27.1%), diesel engines (down -26.4%), computer parts or accessories (down -25.1%), unwrought aluminum (down -23.7%) then soya beans (down -23.5%).
See also Mexico’s Top Exports, United States Top Exports, Mexico’s Top Imports and United States Top Imports
Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on November 28, 2024
Trade Map, International Trade Centre. Accessed on November 28, 2024