Mexico remains second largest trading partner of the U.S. at the beginning of 2021

08/03/2021

Mexico began 2021 as the second-largest trading partner of the United States, since in January of this year it generated a total sum between imports and exports of 48.524 billion dollars, and a historical surplus of 9.557 billion dollars for the month of January, according to figures from the US Census Bureau.

The Chinese displaced Mexico as the top trading partner of the United States in 2020. Photo: Pixabay
The Chinese displaced Mexico as the top trading partner of the United States in 2020. Photo: Pixabay

In the first month of 2021, Mexico's total exports to the United States amounted to 29.049 billion dollars, while imports from Mexico to Mexico totaled 19.483 billion dollars, representing 14.6% of US trade.

Accordingly, the Undersecretary of Foreign Trade of the Ministry of Economy (SE), Luz María de la Mora, confirmed that the figures published by the census of the neighboring country to the north, indicate that Mexico ranked second in economic terms, followed by China.

"During January 2021 our trade with the US amounted to 48.524 billion dollars and Mexico remained its second-largest trading partner," she wrote on her Twitter account.

During 2020, Mexico had managed to rank as the number one partner of the United States in terms of merchandise exchange on three occasions, this in the first three months of last year; however, China has managed to surpass the Mexican territory in the remaining months, and now at the beginning of 2021.

The US census detailed that for January 2021, China obtained first place as a trading partner of the United States, by exchanging a total of 51 thousand 972 million dollars, that is, 15.6 percent of US trade.

China exported a total of 39.111 billion dollars to the United States, while US imports from the Asian country totaled 12.861 billion dollars for January 2021. In third place was Canada, which generated a trade exchange of 45.76 billion dollars; 24.542 billion dollars in exports, and 21.217 billion dollars in imports, that is, 13.8 percent of US trade.