Mexico ranked as the leading importer of US products in the period from January to August 2025.
Considering full years, Canada has historically remained the main destination for US exports. But this may change for the first time in 2025.
Leading importer of US products
From January to August of this year, the United States sold products to Mexico with a customs value of $226.411 billion. This represents an increase of 0.6% over the same period in 2024.
In contrast, exports of Canadian products decreased by 3.9%, totaling $225.642 billion.
In recent years, Mexico has maintained a growing trend in its purchases from the United States. If this trajectory continues, it could become the leading importer of US products in 2025.
USMCA
Mexico retains a strategic position in global value chains, backed by the institutional framework of the United States-Mexico-Canada Agreement (USMCA) and its integration with the United States and Canada.
For the Mexican government, these conditions make it an attractive destination for domestic and foreign companies.
At the same time, the review of the USMCA in 2026 represents an opportunity to seek greater cooperation for development and strengthen legal and commercial certainty in the North American region.
US GDP
According to estimates by the Federal Reserve Bank of Atlanta, US GDP grew 1.0% through October 27. This growth would be similar to the previous quarter. It would also exceed the 0.5% forecast by analysts in July. Private consumption sustained the expansion. Its contribution rose from 0.4 to 0.5 points, even with slower job creation.
On the other hand, net exports would also contribute to growth. However, their contribution would fall from 1.2 to 0.1 points. The moderation occurred because exports continued to increase more than imports, albeit with less force. Even so, the effect would continue to be positive for economic activity.
Meanwhile, public spending would advance marginally. Its impact on aggregate demand would be minor. Despite this, the combination of consumption and exports would maintain the overall momentum of the economy in the third quarter.