Goods from Mexico now make up almost one-fifth of the US import market

In July, Mexican exports to the United States reached a record $60.55 billion, making up nearly one-fifth, or 18.2%, of the U.S. import market. This figure surpassed Canada's 10.1% share and marked a significant increase from the previous year, when Mexico's share had risen by 2.7 percentage points. Mexico's growing dominance in the U.S. import market was accompanied by a surge in exports of computer equipment and other electronics, though the Mexican content of these products was typically low.

The year-over-year revenue growth for Mexico was a substantial 33.6%, while Canada's revenue grew by only 4%. Despite the decline in the US-Mexico-Canada trade agreement, trade between the two nations remained robust, with U.S. imports from Mexico increasing by 16% in the first seven months of 2026.