Trade between Mexico and the US in July hit a record $449 billion

From January to July this year, total trade between Mexico and the United States reached $449.8 billion, reaching a new historic record for bilateral trade.

Mexico is the United States’ second largest trading partner, according to Census Bureau data.

The data represents a 19.8% increase compared to the same period last year, when total transaction value was reported at $375.5 billion. That year, U.S. government statistics ranked Mexico as the first commercial partner of the United States.

“We start with the good news: Mexico will remain the second most important trading partner of the United States from January to July 2022,” Economy Secretary Tatiana Cloutier tweeted. emphasized.

In July alone, bilateral trade totaled $65.1 billion, the largest amount since the start of the statistical series, representing a 17.4% growth compared to July of the previous year. Total transaction value in July 2021 was $55.5 billion.

As for Mexico-U.S. relations, this week the consultation process between Mexico, the U.S. and Canada could continue beyond the official 75 days, subject to progress, and could be extended as agreed by the parties. Something has been announced. the chief explained.

“Sometimes we just try to figure things out or magnify things with a lens so we don’t put things in the perspective they should be put in and we say let’s see what happens,” he says of the protection. Please refer to Chapter 31 of the T-MEC on Settlement of Disputes to resolve the four disagreements between countries in the last two years.

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