Exports from Mexico to the United States grow 10.9% in March
Exports from Mexico to the United States registered a year-on-year growth of 10.9% in March, to 33.399 million dollars, the Census Bureau reported on Tuesday.
With this, Mexico’s share of total US imports was 14.1%, lower than the 15.5% in March 2020.
In particular, Mexico is the largest supplier to the automotive sector in the US market, as well as being a leading supplier of fruits, vegetables, oil, computers and telephones, among other manufactures.
On the other hand, Canadian exports were for 29,798 million dollars, an annual increase of 18.6%.
Canada is also an outstanding exporter of automotive products in the US market, in addition to selling energy products, gold and wood to its southern neighbor.
In turn, China‘s exports to the United States totaled 40.229 million dollars, which represented an increase of 103% year-on-year.
China is the world’s largest exporter of products and ranks second among the largest importers globally.
Mexico exports
From around the world, the United States bought goods for 237.293 million dollars last March, this is 22.1% more compared to March 2020.
From January to March, Mexico’s exports grew 2.7%, to 89,868 million dollars,
At the same time, sales from Canada to the United States were for 79.556 million dollars, a growth of 6.3% year-on-year.
Finally, China’s exports to the US market totaled 113.369 million dollars, an advance of 49.4 percent.
Mexico’s exports to the United States include cars, trucks, auto parts, computers, oil, and machinery.
In general, the Mexican economy has a high commercial dependence on the United States, which acquires more than three-quarters of Mexico’s exports.
Other destinations for Mexico’s exports are the European Union (4.7%) and Canada (3.1 percent).
Regarding imports, the main origins are the United States (46.6%), China (18%), the European Union (11.4%) and Japan (3.9 percent).
