Mexico becomes first trading partner of the U.S., surpassing China

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During the first months of 2021, Mexico's exports to the United States figured 56.469 billion dollars. 

According to the U.S. Census Bureau, during January and February 2021, Mexico once again became the United States' main trading partner, surpassing China, since, during these two months, 69.998 billion dollars were generated between imports and exports, with a historical surplus of 15.939 billion dollars.

So far in 2021, Mexico's exports to the United States totaled 56.469 billion dollars, while those from the United States to Mexico totaled 40.529 billion dollars, which represents 14.9% of U.S. trade.

Due to the above, Luz María de la Mora, Mexican Undersecretary of Foreign Trade of the Ministry of Economy, reaffirmed the advantage that Mexico generated with the figures got in the first two months of the year, thus becoming the first partner of the United States.

During 2020. Mexico had positioned itself as the primary partner of the United States in terms of merchandise trade in January, February, and March; however, China surpassed Mexican figures in the remaining months of 2020.

According to U.S. Census data, in the first two months of 2021, China became the second-largest trading partner of the United States, exchanging a total of 95.41 billion dollars, which represents 14.7% of U.S. trade. This is explained by the fact that China exported 73.139 billion dollars to the United States, while in the opposite direction, 22.271 billion dollars were added during the same months.

The third place was occupied by Canada, which generated a trade exchange of 93.278 billion dollars, 49.758 billion dollars in exports to the United States, and 43.520 to Canada, which represents 14.3% of U.S. trade.

Source: de la Rosa, Eduardo. (7 de abril de 2021). México supera a China y se convierte en el primer socio comercial de EU. 16 de abril de 2021, de Milenio Sitio web: https://www.milenio.com/negocios/mexico-supera-china-convierte-socio-comercial-eu