WASHINGTON – Trade between the U.S. and Mexico totaled $415.4 billion for the first six months of 2024, a record for the time period, according to the latest Census Bureau data. Around 16% of all U.S. imported product came from Mexico.
Of that total, $249 billion was in products imported from Mexico, and $166 billion was in exports.
In June, trade totaled $69.93 billion, an increase of 2.1% from last year. June marked the sixth consecutive month Mexico has been the United States’ main trade partner.
The top three U.S. imports from Mexico in June were gasoline, motor vehicle parts and computer chips, according to data analyzed by U.S. Trade Numbers. Furniture came in at $191 million, representing 0.45% of all trade for the month. Year to date, the U.S. has imported $1.1 billion in furniture from Mexico, also representing 0.45% of total trade.
After Mexico, the U.S.’ top trade partners in June were Canada (13%), China (13%), Germany (4.9%), Japan (4.4%) and Vietnam (4.3%).
According to Furniture Today data, Mexico’s export of furniture to the U.S. has risen 65% over the past five years, outpacing China, Malaysia and Indonesia. It’s even growing faster than Vietnam at a rate of nearly 25 percentage points. Mexico is in third place among nations that export furniture to the U.S., only trailing Vietnam and China.