A bilateral trade surplus is not sufficient grounds for consideration under Section 301: NFTC
A bilateral surplus is not sufficient for a country to be subject to tariffs under Section 301. This was stated by the National Foreign Trade Council (NFTC), “A bilateral goods surplus may not, by itself, constitute evidence of conduct subject to measures under Section 301,” said the NFTC. This statement was made in a letter […]
Mexican oil exports: 3.2% of total exports
Mexican oil exports accounted for only 3.2% of Mexico‘s total exports in 2025, their lowest level in decades. From 2015 to 2025, the highest proportion of this indicator was reached in 2018 and 2022, when it stood at 6.8 percent in each of those years. Mexican oil exports In 2025, Mexico’s oil exports fell 26.4% […]
Performance of Mexican exports: 2015-2025
Mexico‘s exports have shown uninterrupted growth over the last five years. During this boom, Mexican foreign sales of products rose from $417.171 billion in 2020 to $664.837 billion in 2025, according to data from Inegi. Performance of Mexican exports From a long-term perspective, exports totalled $380.556 billion in 2015. This figure is equivalent to almost […]
The 5 largest United States trade deficits
The largest United States trade deficits in the first half of 2025 were with China, Mexico, Ireland, Vietnam and Taiwan. This ranking is based on trade in goods only, not including services, according to Census Bureau statistics. Important fact: domestic savings and investment ultimately determine the trade balance. Largest United States trade deficits In the […]
Canada’s trade: imports and exports in 2023
In Canada’s trade in 2023, product exports recorded a year-on-year drop of 1.4 percent, while imports grew 1.4 percent. Consequently, exports declined to C$768.655 million and imports increased to C$770.082. Also, Canada’s merchandise trade balance with the world went from a surplus of C$19,706 million in 2022 to a deficit of C$1,428 million in 2023. […]
The TIGIE structure in Mexico
The TIGIE (Tarifa de la Ley de los Impuestos Generales de Importación y de Exportación) structure in Mexico is used to capture customs registrations. In other words, the TIGIE is the tariff system used in Mexico to classify and regulate imports and exports. Mexico exported products for a customs value of 593,012 million dollars in […]
Mexico’s trade balance in 2023
During 2023, Mexico‘s product trade balance showed a deficit of US$5.464 billion, which compares with a deficit of US$26.879 billion observed in 2022. The trade balance is an economic term that refers to the difference between the value of a country’s exports and imports of goods and services during a specific period of time, usually a […]
The world’s largest importer of electricity: France
France dominated electricity imports worldwide in 2022, totaling 16,779 million dollars, an increase of 320% at an annual rate, according to data from the General Directorate of Customs and Indirect Taxes. For the first time since 1980, this country’s balance of trade in electric energy was negative, at -7,751 million dollars. To a greater extent, […]
Japan’s trade deficit: oil imports, auto exports
Japan recorded a trade deficit of 19,966 billion yen in 2022, due to increased imports of oil and coal, partially offset by increased exports of automobiles and mineral fuels, according to the Ministry of Finance. However, potential disruptions to international trade from the Russia–Ukraine conflict on exports, imports and the overall trade balance are highly […]
Main exporter to the United States: Mexico
Mexico ranked as the main exporter of products to the United States from January to April 2023, with shipments of 153,569.7 million dollars. This amount represents an increase of 5.8% compared to the same period in 2022, according to data from the Department of Commerce. Behind Mexico were Canada (138,681.2 million dollars) and China (132,740.5 […]