Mexico’s Trade Boom Generates Record Surplus vs. U.S., Raises USMTA Questions — Panjiva
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Mexico’s Trade Boom Generates Record Surplus vs. U.S., Raises USMTA Questions

Cons. Discr. - Autos 661 Mexico 505 Trade Balance 657 Trade Deals 703 U.S. 3301 USMCA 373

Mexico’s international trade activity climbed 16% in July, making the 15th straight rise. While fuel prices were the primary driver a 13% increase in all other products showed robust underlying activity. Export growth was led by the automotive industry, including a 17% rise in shipments to the U.S. NAFTA worries may have driven that but should be alleviated following the recent agreement reached between the U.S. and Mexican governments. The latter isn’t yet finalized and could yet be jeopardized by a 12 month total trade surplus that has reached a record $74 billion after exports to the ...

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