In July 2023, Mexico was again the top trade partner with the U.S. at $65.2 billion, a .24% year-over-year increase.
This was the seventh time in the last eight months Mexico ranked #1 in monthly international commerce with the U.S. Mexico’s total trade with the U.S. year to date totaled $462 billion, ahead of Canada ($450.3 billion) and China ($322.3 billion).
Mexico’s gains mirror it’s rise in manufacturing. During the first four months of the year, total trade of manufactured goods between Mexico and the U.S. totaled $234.2 billion.
About the Market Update
Schneider publishes this regular transportation market update to keep you informed of freight market conditions, supply and demand influencers, and disruptions that may impact your supply chain.
This Market Review Update is intended to provide you with high-level macroeconomic and general industry data that may be relevant to your business. This update should not be used for any other purpose. This update does not state or imply anything about Schneider’s performance, results, operations, strategy, projections or plans. The purpose of this update is to relay statistical and relevant facts from various industry professionals. This update does not predict or forecast any economic or industry outcome or results. This update has been prepared on the basis of information made available by third parties; Schneider has not attempted to independently verify any such third-party information.
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