Laredo No. 1 U.S. gateway for the sixth straight month

Mexico’s trade with the U.S. year to date is $462 billion, ahead of Canada at $450.3 billion and China at $322.3 billion.

Graph showing import and export volume for Port Laredo

For the sixth straight month, Laredo, Texas, retained the No. 1 spot among the nation’s 450 international gateways for trade.

Laredo recorded $26.1 billion in two-way trade during July 2023, with Mexico commerce accounting for $25.4 billion, according to the latest U.S. Census Bureau data. It has accounted for 6.31% of U.S. trade.

The Port of Los Angeles ranked No. 2 with $24.3 billion and Chicago O’Hare International Airport was No. 3 and reported $24.2 billion in trade.

Port Laredo’s trade was up 5% year-over-year in July 2023. And year-to-date, Port Laredo’s trade is up 9%, totaling $185.49 billion. Through July, 38.62% of that trade was exports and 61.38% was imports.

Port Laredo’s top five exports increased 23.76% year-to-date:

Motor vehicle parts (up 23.76% year-over-year)
Gasoline and other fuels (fell 11.86% year-over-year)
Diesel engines (fell 26.97% year-over-year)
Corn (up 2.51% year-over-year)
Catalytic converters, air and oil filters (up 11.54% year-over-year)

Port Laredo’s top five imports increased 17% year-to-date:

Motor vehicle parts (up 23.76% year-over-year)
Passenger vehicles (up 8.65% year-over-year)
Tractors (up 26.13% year-over-year)
Commercial vehicles (up 21.33% year-over-year)
Insulated wire, cable (up 12.83% year-over-year)

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