Mexico leads US exports with $44.3 billion in February

Mexico solidified its position as the top US trading partner in February 2026, with exports totaling $44.3 billion, or 17.5% of total US imports. This marks a significant rise from prior periods, as China dropped to fourth place. The figures come from the US Census Bureau.

Mexico's exports to the United States reached $44.3 billion in February, accounting for 17.5% of total US imports. This figure shows a 6.4% year-over-year increase from February 2025 and a 4.2% rise from January 2026, according to US Census Bureau data.

Mexico widened its lead over rivals: Canada ranked second at 11.5%, Taiwan third at 8.3%, and China fell to fourth with 7.5%. Taiwan surpassed China for the second consecutive month in US supplier rankings.

Conversely, Mexico was the top destination for US exports, receiving $28.9 billion or 14.8% of the total, ahead of Canada's 14.5%.

For January-February combined, Mexican exports to the US totaled $86.8 billion, holding a 16.9% share with 4.2% annual growth. US exports to Mexico reached $60.5 billion, exceeding Canada's $52.8 billion.

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South Korea's exports expanded 14.9 percent year-on-year in the first 20 days of January, reaching $36.36 billion, fueled by strong semiconductor demand. Imports grew 4.2 percent to $36.98 billion, resulting in a $600 million trade deficit. Data from the Korea Customs Service underscores ongoing growth in key sectors.

Mexico's merchandise exports to the United States hit a record high of $44.5 billion in November 2025, solidifying the country as the top trading partner of the world's largest economy.

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In 2025, Mexico became the top market for US exports, with $337.9 billion, surpassing Canada for the first time at $336.5 billion. This milestone underscores the growing trade integration under the T-MEC and bilateral dynamism. Economy Secretary Marcelo Ebrard highlighted these figures on social media as evidence of the Mexico-US relationship's weight.

Marcelo Ebrard, secretary of Economy, stated that Mexico will improve its relative position against the United States due to Donald Trump's announced 10 percent global tariff. The official noted that the average effective tariffs on Mexican exports will drop from 4.1 percent to around 2 percent. Meanwhile, Mexico's inflation rose to 3.92 percent in the first half of February, driven by new taxes and tariffs on Asian imports.

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South Korea's exports reached $86.13 billion in March, breaching the $80 billion mark for the first time ever. According to data from the Ministry of Trade, Industry and Resources, this represents a 48.3 percent increase from a year earlier. Record semiconductor shipments drove the surge.

Mexico recorded a record foreign direct investment of 40,906 million dollars in the first nine months of 2025, a 14.5% increase from 2024. However, GDP contracted 0.3% in the third quarter and the IGAE fell 0.6% in September, indicating economic stagnation. Analysts warn of fragility in the industrial sector and risks to employment.

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Preliminary February 2026 data point to a loss of momentum in the Mexican economy after a promising January start. Car sales dipped slightly and formal employment grew weakly, though there are no signs of recession.

 

 

 

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