
The overall result of these capital flows is a widening of the U.S. trade deficit with Mexico (equivalent to Mexico’s trade surplus). In 2025, the U.S. trade deficit with Mexico reached USD 196.9 billion, a 14.8% increase from 2024. Based on these figures, the U.S. trade deficit with Mexico ranks second only to that with China, whose trade deficit reached USD 202.1 billion.
According to data from the Coordinating Council for Commerce and Industry (CCE), 2025 marks the first year in which Mexico has maintained its position as a major export destination for the United States. Mexico accounts for 15.5% of total U.S. exports that year, solidifying its role as a strategic partner and a significant market not only for U.S. products but also for intermediate and final goods manufactured in the U.S.
According to Kenneth Smith, president of the Mexico-US Bilateral Business Council at COMCE (the Mexican Business Council for Foreign Trade), the results are “very strong and reflect the paramount position of Mexico’s relationship with the United States as the largest buyer and the largest exporter.”


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