Mexico is still U.S.’s main trading partner and Port Laredo continues to grow
Recent data from the U.S. Census Bureau revealed that Mexico remains first place as a trading partner of the United States for the second month in a row since August, increasing its total trade by 23% to $67.4B in September, comparing the same period in 2021.
The main imports from Mexico to the U.S. consisted of computers ($3.6B), passenger vehicles ($3.3B), and auto parts ($2.8B). Top exports from the U.S. to Mexico consisted of gasoline ($3.5B), auto parts ($1.5B), and liquified natural gas ($1.49B).
Canada followed Mexico in the ranking, being the 2nd most important U.S. trading partner, increasing by 22% ($66.5 billion in total compared to September 2021).
Among the U.S. 450 ports of entry, including airports, seaports, and border crossings, Laredo, Texas ranked second place for the second month in a row, following behind Chicago O’Hare International Airport in trade volume.
Port Laredo increased 25% year-over-year its total trade with the world by $26.1B in September. This trade includes mainly the import of motor vehicle parts, passenger vehicles, and heavy-duty trucks; and motor vehicle parts, diesel engines, and gasoline as exports.
Laredo’s commercial truck crossings have increased by 10% and 9.4% in September and October of 2022, respectively. From January through September 2022, Laredo has processed 2.1 million truck crossings, which represents 48% of the total top 5 gateways of the U.S. according to the Bureau of Transportation Statistics.
Capin Vyborny is committed to supporting U.S. – Mexico trade, by working with clients in diverse industries and offering a wide array of specialized services throughout the U.S.’s southern border.
Capin Vyborny Customs Brokerage & Logistics is a nationally licensed broker who serves clients from North America, Asia, Latin America, and Europe. With ability and experience providing service and transport through any U.S. Customs port of entry. Capin Vyborny’s physical presence across the entire southern U.S. border provides specialized help and relationships for cross U.S.-Mexico trade. For any questions or inquires please contact us at 520-281-2066 or firstname.lastname@example.org.
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