Mexico - United States Trade 2023 Q1: Mixed Growth Trends
Key Market Takeaways: Mexico - United States Trade
The bilateral trade relationship between Mexico and United States shows mixed growth with notable volatility in Q1 2023.
- Economic Pulse: Mexico exported $112.52B to the U.S. in Q1 2023, with YoY growth fluctuating sharply (January +27.09%, March +5.68%). Insufficient import data prevents balance assessment, but Mexico - United States trade statistics highlight significant export volumes.
- Exchange Structure: Mexico’s exports to the U.S. are dominated by vehicles (24.9% share), while imports lean on mineral fuels (18.91%) and critical machinery. The top 3 export categories make up 60.01%, reflecting concentrated manufacturing reliance.
- Strategic Interdependence: Deep supply chain integration defines the relationship, with Mexico supplying finished vehicles and the U.S. providing high-value industrial inputs—a tightly linked production network.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Mexico-United States Trade Trend in Q1 2023
Mexico Export Performance: Shipments to United States
- Total Volume: $112.52B in Q1 2023.
- Growth Trend & Context:
- YoY growth was mixed, with January surging 27.09% but February slowing sharply to 1.75%, before rebounding to 5.68% in March.
- No specific trade news or policy changes were cited to explain fluctuations.
- Key Volatility: March saw the highest MoM jump (+19.99%), while January had the steepest MoM drop (-15.15%).
Mexico Import Performance: Sourcing from United States
- Total Volume: Data not provided.
Mexico - United States Trade Balance & Market Dynamics
- Net Position: Insufficient data (imports missing) to calculate balance.
- Relationship Status: Export data alone suggests Mexico maintains significant trade flows with the U.S., but bilateral balance cannot be assessed.
Note: Analysis constrained by incomplete dataset. Import figures are required for a full trade dynamic evaluation.
Mexico Export Trend to United States 2023 Q1 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 33.42B | -15.15% | 27.09% |
| Feb | 35.95B | 7.57% | 1.75% |
| Mar | 43.14B | 19.99% | 5.68% |
| Total | 112.52B | - | - |
Get Historical Mexico United States Trade Records
Mexico-United States Top Trading Products in Q1 2023
Mexico Export Profile: What Does Mexico Sell to United States
- Top Commodity: Vehicles (HS 87) dominate exports, accounting for 24.90% of total exports to the U.S.
- Demand Driver: The U.S. consumer market absorbs these goods, reflecting strong demand for Mexican-made vehicles.
- Concentration: The top 3 categories (HS 87, 85, 84) make up 60.01% of exports, indicating high reliance on manufactured goods.
Mexico Import Profile: What Does Mexico Buy from United States
- Top Commodity: Mineral fuels (HS 27) lead imports with an 18.91% share, highlighting energy dependency.
- Dependency Nature: Critical technology and machinery (HS 84, 85) combined account for 21.27% of imports, pointing to industrial reliance on U.S. equipment.
Mexico - United States Trade Relationship Dynamics
- The Exchange Model: Deep Supply Chain Integration is evident, with both sides trading heavily in machinery (HS 84, 85) and vehicles (HS 87). This suggests tightly linked production networks.
- Value Chain Position: Mexico’s exports skew toward finished vehicles, while U.S. supplies high-value inputs (tech/machinery), indicating the U.S. holds a higher value-add position in critical segments.
Import Analysis by Product: United States to Mexico (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 12.36B | 18.91% |
| 84 | 8.08B | 12.36% |
| 85 | 5.82B | 8.91% |
| 87 | 5.70B | 8.72% |
| 99 | 5.63B | 8.61% |
| 39 | 4.81B | 7.36% |
| 10 | 1.74B | 2.66% |
| 90 | 1.66B | 2.54% |
| 72 | 1.66B | 2.53% |
| 38 | 1.60B | 2.45% |
Export Analysis by Product: Mexico to United States (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 87 | 28.01B | 24.90% |
| 85 | 21.14B | 18.79% |
| 84 | 19.49B | 17.32% |
| 99 | 9.41B | 8.37% |
| 90 | 5.25B | 4.67% |
| 07 | 3.05B | 2.71% |
| 94 | 2.75B | 2.44% |
| 39 | 2.20B | 1.95% |
| 22 | 2.14B | 1.90% |
| 08 | 2.07B | 1.84% |
Check Detailed Mexico-United States Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Mexico’s export growth to the U.S. in Q1 2023 showed volatility, but the underlying structural ties—especially in automotive and machinery supply chains—signal resilience. With U.S. demand for Mexican-made vehicles (HS 87) remaining strong and production networks deeply integrated, trade volumes are likely to stabilize and grow modestly in Q2, barring external shocks. However, exporters must prepare for potential fluctuations in monthly performance, as seen in January’s sharp drop and March’s rebound. The Mexico - United States trade forecast hinges on maintaining this symbiotic manufacturing relationship while addressing logistical bottlenecks.
Strategic Moves
- Lock in Automotive Contracts: With vehicles dominating exports, Mexican manufacturers should secure long-term supply agreements with U.S. automakers to mitigate demand volatility and stabilize revenue streams.
- Diversify Energy Imports: Given Mexico’s 18.91% reliance on U.S. mineral fuels (HS 27), importers must explore alternative suppliers or invest in domestic energy infrastructure to reduce dependency.
- Optimize Cross-Border Logistics: The tight integration of HS 84/85 machinery trade demands streamlined customs processes and JIT inventory systems to minimize disruptions in the production pipeline.
Frequently Asked Questions
How did Mexico - United States trade perform in 2023 Q1?
Mexico's exports to the U.S. totaled $112.52B in Q1 2023, with mixed YoY growth (January +27.09%, February +1.75%, March +5.68%).
What are the top exports from Mexico to United States?
Vehicles (HS 87) dominate Mexico's exports to the U.S., accounting for 24.90% of total exports, followed by machinery (HS 84, 85).
What does Mexico import from United States?
Mineral fuels (HS 27) lead Mexico's imports from the U.S. (18.91%), followed by technology and machinery (HS 84, 85) at 21.27% combined.
What is the trade balance between Mexico and United States?
Insufficient data to calculate the trade balance, as import figures for Mexico from the U.S. are missing in Q1 2023.
Mexico United States Trade 2023
---

title: "Mexico - United States Trade 2023 Whole Year: $216B Surplus"
description: "Mexico's $216B trade surplus with the U.S. in 2023 highlights deep supply chain integration, with vehicles and mineral fuels as top trading products. Explore Mexico United States trade trends on yTrade."
image: https://io.ytrade.com/ytrade-blog/Cover/mexico-data/mexico-united-states-trade-2023.webp
create_date: 2025-12-18
update_date: 2025-12-18
author: yTrade
slug: mexico-united-states-trade-2023
category: Import and Export Data
category_slug: import-and-export-data
sub_category: Country Trade Reports
sub_category_slug: country-trade-reports
tags:
- id: 7
  label: "Import Export Data"
  slug: import-export-data
- id: 12
  label: "Mexico"
  slug: mexico
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ogTitle: "Mexico - United States Trade 2023 Whole Year: $216B Surplus"
ogDescription: "Mexico's $216B trade surplus with the U.S. in 2023 highlights deep supply chain integration, with vehicles and mineral fuels as top trading products. Explore Mexico United States trade trends on yTrade."
ogImage: https://io.ytrade.com/ytrade-blog/Cover/mexico-data/mexico-united-states-trade-2023.webp
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twitterTitle: "Mexico - United States Trade 2023 Whole Year: $216B Surplus"
twitterDescription: "Mexico's $216B trade surplus with the U.S. in 2023 highlights deep supply chain integration, with vehicles and mineral fuels as top trading products. Explore Mexico United States trade trends on yTrade."
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---

## Key Market Takeaways: Mexico - United States Trade  

The bilateral trade relationship between **Mexico** and **United States** showcases robust trade leverage with a dominant surplus in 2023.  

- **Economic Pulse:** Mexico posted a **$216.28B trade surplus** with the U.S. ($472.22B exports vs. $255.94B imports), though growth was volatile—early-year strength faded into mid-year contractions before a modest recovery.  
- **Exchange Structure:** Mexico - United States trade statistics reveal **deep supply chain integration**, with vehicles (HS 87) driving 25.72% of exports and mineral fuels (HS 27) leading imports (14.90%). Overlapping top categories (HS 84, 85) highlight intra-industry trade in manufacturing.  
- **Strategic Interdependence:** Highly complementary roles—U.S. supplies high-value machinery/tech, while Mexico exports finished vehicles, reinforcing North American production networks.  

This bilateral trade snapshot is based on verified customs data from the [yTrade database](https://ytrade.com/data-sources).

## Mexico-United States Trade Trend in Whole Year 2023

### Mexico Export Performance: Shipments to United States  
- **Total Volume:** $472.22B in 2023.  
- **Growth Trend & Context:**  
  - Mixed YoY performance, with early-year strength (Jan: +27.09%) fading into mid-year contractions (Sep: -6.65%) before modest recovery (Dec: +0.61%).  
  - **Key Volatility:** March saw the highest MoM surge (+19.99%), while July posted the sharpest monthly drop (-8.4%).  

### Mexico Import Performance: Sourcing from United States  
- **Total Volume:** $255.94B in 2023.  
- **Growth Trend & Context:**  
  - Predominantly negative YoY trends, peaking in January (+23.25%) but deteriorating sharply by mid-year (Jul: -15.27%).  
  - **Key Volatility:** August recorded the strongest MoM rebound (+16.98%), while December had the steepest decline (-10.13% MoM, -11.82% YoY).  

### Mexico - United States Trade Balance & Market Dynamics  
- **Net Position:** **Trade surplus of $216.28B** (Exports $472.22B vs. Imports $255.94B).  
- **Relationship Status:** Mexico maintains a dominant net exporter role, with exports nearly double imports, underscoring robust trade leverage with the U.S.

### Mexico Import Trend from United States 2023 Whole Year (Source: yTrade)**

| Month | Value | MoM | YoY |
|-------|-------|-----|-----|
| Jan | 20.54B | -2.16% | 23.25% |
| Feb | 21.31B | 3.74% | 10.45% |
| Mar | 23.52B | 10.36% | 1.89% |
| Apr | 20.22B | -14.03% | -7.43% |
| May | 22.44B | 10.99% | -5.48% |
| Jun | 21.54B | -4.02% | -14.81% |
| Jul | 19.71B | -8.5% | -15.27% |
| Aug | 23.05B | 16.98% | -7.08% |
| Sep | 22.17B | -3.83% | -5.29% |
| Oct | 22.32B | 0.68% | 2.06% |
| Nov | 20.60B | -7.73% | -2.67% |
| Dec | 18.51B | -10.13% | -11.82% |
| **Total** | **255.94B** | - | - |

### Mexico Export Trend to United States 2023 Whole Year (Source: yTrade)**

| Month | Value | MoM | YoY |
|-------|-------|-----|-----|
| Jan | 33.42B | -15.15% | 27.09% |
| Feb | 35.95B | 7.57% | 1.75% |
| Mar | 43.14B | 19.99% | 5.68% |
| Apr | 36.91B | -14.44% | -0.06% |
| May | 42.26B | 14.51% | 10.91% |
| Jun | 41.12B | -2.7% | 2.27% |
| Jul | 37.67B | -8.4% | 6.24% |
| Aug | 41.55B | 10.31% | 4.41% |
| Sep | 39.03B | -6.07% | -6.65% |
| Oct | 41.20B | 5.57% | 5.43% |
| Nov | 40.33B | -2.12% | 3.26% |
| Dec | 39.63B | -1.73% | 0.61% |
| **Total** | **472.22B** | - | - |

[Get Historical Mexico United States Trade Records](https://ytrade.com/country-coverage)

## Mexico-United States Top Trading Products in Whole Year 2023

### Mexico Export Profile: What Does Mexico Sell to United States  
- **Top Commodity:** Vehicles (HS 87) dominate exports, accounting for 25.72% of total value.  
- **Demand Driver:** Serves the U.S. consumer market and automotive supply chains, reflecting integrated North American production networks.  
- **Concentration:** The top 3 categories (HS 87, 85, 84) represent 61.61% of exports, indicating high reliance on manufacturing sectors.  

### Mexico Import Profile: What Does Mexico Buy from United States  
- **Top Commodity:** Mineral fuels (HS 27) lead imports at 14.90%, followed closely by machinery (HS 84) at 13.29%.  
- **Dependency Nature:** Energy security (HS 27) and critical technology (HS 84, 85) dependencies are evident, with machinery imports supporting industrial capacity.  

### Mexico - United States Trade Relationship Dynamics  
- **The Exchange Model:** **Deep Supply Chain Integration**, with overlapping top categories (HS 84, 85, 87) in both exports and imports. This signals intra-industry trade, particularly in automotive and electronics components.  
- **Value Chain Position:** The U.S. supplies higher-value machinery/tech (HS 84, 85), while Mexico exports finished vehicles (HS 87), suggesting complementary roles in manufacturing value chains.

### Import Analysis by Product: United States to Mexico (Source: yTrade)

| HS Code | Value | Percent |
| --- | --- | --- |
| 27 | 38.15B | 14.90% |
| 84 | 34.00B | 13.29% |
| 87 | 25.21B | 9.85% |
| 85 | 24.89B | 9.72% |
| 99 | 22.99B | 8.98% |
| 39 | 19.23B | 7.51% |
| 90 | 7.49B | 2.93% |
| 72 | 6.83B | 2.67% |
| 38 | 6.72B | 2.62% |
| 10 | 6.13B | 2.40% |

### Export Analysis by Product: Mexico to United States (Source: yTrade)

| HS Code | Value | Percent |
| --- | --- | --- |
| 87 | 121.48B | 25.72% |
| 85 | 90.05B | 19.07% |
| 84 | 79.44B | 16.82% |
| 99 | 39.10B | 8.28% |
| 90 | 24.78B | 5.25% |
| 94 | 12.00B | 2.54% |
| 22 | 9.89B | 2.10% |
| 07 | 9.37B | 1.99% |
| 39 | 9.28B | 1.96% |
| 73 | 7.48B | 1.58% |

[Check Detailed Mexico-United States Trade HS Code Breakdown](https://ytrade.com/hs-code-coverage)

## Future Outlook & Strategic Recommendations  

### Forecast  
Mexico’s trade surplus with the United States is expected to remain robust in 2024, driven by sustained demand for vehicles (HS 87) and integrated supply chains. However, volatility in energy imports (HS 27) and slowing machinery orders (HS 84, 85) may temper growth, particularly if U.S. industrial demand weakens. The Mexico - United States trade forecast hinges on stable production networks and competitive labor costs, but exporters should prepare for potential mid-year corrections if U.S. consumer spending softens.  

### Strategic Moves  
- **Lock in Energy Supply Contracts:** With mineral fuels (HS 27) as a critical import, Mexican buyers should secure long-term agreements to hedge against price swings and ensure stable energy inputs for manufacturing.  
- **Diversify Export Markets for Vehicles:** While automotive exports dominate, over-reliance on U.S. demand poses risks. Manufacturers must expand into secondary markets like Canada and Latin America to mitigate downturns.  
- **Optimize Cross-Border Logistics:** Given the heavy intra-industry trade in machinery (HS 84, 85), firms should invest in near-shoring and just-in-time inventory systems to reduce bottlenecks and tariff exposure under USMCA.

## Frequently Asked Questions

### How did Mexico - United States trade perform in 2023 Whole Year?  
Mexico exported $472.22B to the United States, with mixed YoY growth, while imports totaled $255.94B, showing predominantly negative trends.  

### What are the top exports from Mexico to United States?  
Vehicles (HS 87) dominated Mexico's exports, followed by machinery (HS 84) and electrical equipment (HS 85), accounting for 61.61% of total export value.  

### What does Mexico import from United States?  
Mineral fuels (HS 27) and machinery (HS 84) were the top imports, reflecting energy security and industrial technology dependencies.  

### What is the trade balance between Mexico and United States?  
Mexico recorded a trade surplus of $216.28B with the United States, maintaining its role as a dominant net exporter.
Mexico - United States Trade 2023 Q2: $56.09B Surplus
Mexico's $56.09B trade surplus with the U.S. in Q2 2023 highlights deep supply chain integration, with vehicles and machinery dominating Mexico United States trade trends. Data via yTrade.
