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.
