Laredo, Texas – Mexico is again the top trading partner of the United States, with two-way trade totaling $48.47 billion in February, according to data from the U.S. Census Bureau.
China had been the top U.S. trade partner for 10 consecutive months beginning last May.
In February, the nation’s top trade partners were:
– Mexico, $48.47 billion
– Canada, $47.39 billion
– China, $43.44 billion
– Japan, $14.5 billion
– Germany, $14.1 billion
The U.S. exported $21 billion in goods to Mexico during February, and imported $27.47 billion from Mexico during the same period.
According to census bureau data analyzed by WorldCity Inc., the top three exports in February from the U.S. to Mexico were liquefied natural gas ($3.4 billion), gasoline ($1.58 billion) and motor vehicle parts ($1.08 billion).
The top three imports from Mexico were passenger cars ($2.28 billion), motor vehicle parts ($2.07 billion) and commercial vehicles ($2.01 billion).
The top trade ports along the U.S.-Mexico border during February were:
– Port Laredo, Texas, $17.6 billion.
– Ysleta border crossing, Texas, $4.62 billion.
– Pharr-Reynosa International Bridge, Texas, $4.28 billion.
– Otay Mesa port of entry, California, $3.67 billion.
– Eagle Pass port of entry, Texas, $2.41 billion.
The Ysleta port of entry is near El Paso. Officials recently began diverting some commercial traffic from bridges in El Paso to Ysleta to reduce congestion in the area and to serve as a new route for commercial freight vehicles crossing to and from Mexico.
Port Laredo’s total trade declined 5.57% compared to the same month one year ago. The port ranked No. 4 among all U.S. ports in February. It had ranked No. 1 for the same month last year.
Read the full article on freightwaves.com.