US-Mexico Trade Hits Record High of $415.4 Billion in First Half of 2024: According to the latest Census Bureau data, US-Mexico trade reached an all-time high of $415.4 billion from January through June. For June alone, the trade between the two countries amounted to $69.93 billion, a 2.1% increase year-over-year. Mexico has been the No. 1 U.S. trade partner for six consecutive months, with Canada and China following at $64.3 billion and $45.4 billion, respectively. Key exports from Mexico to the U.S. in June included computers ($4.4B), passenger vehicles ($4.1B), and commercial vehicles ($3.3B). Top imports from the U.S. were gasoline and other fuels ($2.93B), auto parts ($1.7B), and computer chips ($1.1M). Laredo, Texas, remains the top U.S. trade gateway, handling $27.8 billion in two-way trade in June. With 249,915 commercial truck crossings, Laredo has maintained its position as the leading international commercial trade port for 15 consecutive months. Freight market dynamics show increasing volumes and tighter capacity, with Laredo's tender rejection rates at 6.5%, the second-highest of the year. #Trade #USMexico #Logistics #Freight #logistics #US #market #trends #trucking #broker #2024 #analysis
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✅ US-Mexico trade tops $200B in first quarter of 2024 Mexico was the United States’ top trading partner in March, with two-way trade totaling $68.5 billion, according to the latest data from the Census Bureau. It was the third consecutive month and 13th of the past 14 months Mexico has been No. 1 in trade with the U.S. While Mexico retained the top spot in March, year-over-year trade with the U.S. declined 5% in the month compared to the same period in 2023. Canada was the second-ranked U.S. trade partner in March at $65.1 billion, followed by China at No. 3 with $42.7 billion. Read the full news 📌 #shipspry #whatyoushipmatters #airfreight #expeditedshipping #expedited #logistics #onboardcourier #cargocharter #automotivelogistics #aog
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"During March, U.S. imports from Mexico rose 3.8% y/y, while U.S. exports decreased 1.2% y/y. The U.S. trade deficit with Mexico was $39.7 billion in the month. The top five imports from Mexico to the U.S. in March were passenger vehicles ($4.2 billion), auto parts ($3.2 billion), computers ($2.8 billion), commercial vehicles ($2.7 billion) and insulated wires/cables ($1.4 billion)" FreightWaves
US-Mexico trade tops $200B in first quarter of 2024
freightwaves.com
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According to FreightWaves, US-Mexico trade has surpassed $200 billion in the first quarter of 2024! 🌎 With Ascent Global Logistics's offices in Mexico, we're proud to play a vital role in facilitating this booming trade relationship. Check out the article to learn more about the #nearshoring trend, interesting read! #Mexico #CrossBroder #Logistics #SupplyChain
US-Mexico trade tops $200B in first quarter of 2024
freightwaves.com
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According to FreightWaves, US-Mexico trade has surpassed $200 billion in the first quarter of 2024! 🌎 With Ascent Global Logistics's offices in Mexico, we're proud to play a vital role in facilitating this booming trade relationship. Check out the article to learn more about the #nearshoring trend, interesting read! #Mexico #CrossBroder #Logistics #SupplyChain
US-Mexico trade tops $200B in first quarter of 2024
freightwaves.com
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According to FreightWaves, US-Mexico trade has surpassed $200 billion in the first quarter of 2024! 🌎 With Ascent Global Logistics's offices in Mexico, we're proud to play a vital role in facilitating this booming trade relationship. Check out the article to learn more about the #nearshoring trend, interesting read! #Mexico #CrossBroder #Logistics #SupplyChain
US-Mexico trade tops $200B in first quarter of 2024
freightwaves.com
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According to FreightWaves, US-Mexico trade has surpassed $200 billion in the first quarter of 2024! 🌎 With Ascent Global Logistics's offices in Mexico, we're proud to play a vital role in facilitating this booming trade relationship. Check out the article to learn more about the #nearshoring trend, interesting read! #Mexico #CrossBroder #Logistics #SupplyChain
US-Mexico trade tops $200B in first quarter of 2024
freightwaves.com
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According to FreightWaves, US-Mexico trade has surpassed $200 billion in the first quarter of 2024! 🌎 With Ascent Global Logistics's offices in Mexico, we're proud to play a vital role in facilitating this booming trade relationship. Check out the article to learn more about the #nearshoring trend, interesting read! #Mexico #CrossBroder #Logistics #SupplyChain
US-Mexico trade tops $200B in first quarter of 2024
freightwaves.com
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In the first quarter of 2024, trade between the US and Mexico reached a robust $200 billion: https://lnkd.in/euaSRtj9 Port Laredo, Texas, led the way as the top US trade gateway this March. This cross-border trade partnership shows the strategic importance of efficient border crossings and strong logistics networks, crucial for businesses on both sides of the border. As US-Mexico trade continues to thrive, A.N. Webber Logistics is here to support businesses leveraging these growing opportunities. With expertise in managing cross-border logistics and a large network that includes major gateways like Port Laredo, A.N. Webber ensures that your freight moves efficiently between the U.S. and Mexico. Rely on us to streamline your international shipping needs and capitalize on this booming trade landscape. https://lnkd.in/gqQisx5Y
US-Mexico trade tops $200B in first quarter of 2024
freightwaves.com
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According to FreightWaves, US-Mexico trade has surpassed $200 billion in the first quarter of 2024! 🌎 With Ascent Global Logistics's offices in Mexico, we're proud to play a vital role in facilitating this booming trade relationship. Check out the article to learn more about the #nearshoring trend, interesting read! #Mexico #CrossBroder #Logistics #SupplyChain. Viva Mexico!!!.
US-Mexico trade tops $200B in first quarter of 2024
freightwaves.com
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🇲🇽 US-Mexico Trade Soars Beyond $200 Billion In Q1 In an insightful analysis by Noi Mahoney, a seasoned journalist for FreightWaves, the premier news source for logistics and freight industry insights, we uncover the burgeoning trade dynamics between the US and Mexico. The first quarter of 2024 has seen trade volumes top an impressive $200 billion, with Port Laredo, Texas, leading as the primary gateway for this bustling commerce. At John S. James Co., we understand the intricacies of such significant economic interactions. As a trusted U.S. Customs Broker and Freight Forwarder, our expertise in handling the complexities of cross-border logistics is unparalleled. We are not just participants but leaders in facilitating trade under the USMCA framework, ensuring seamless transitions and compliance for all our clients. This surge in trade activity underscores the importance of having a knowledgeable partner when dealing with cross-border transactions. With our comprehensive services and USMCA proficiency, John S. James Co. stands as a beacon of excellence in the logistics landscape. We are dedicated to empowering our clients and prospects with the tools and knowledge necessary to thrive in this era of increased economic connectivity. Discover how our team of experts can elevate your cross-border operations by visiting johnsjames.com. Let’s navigate the future of trade together, creating new opportunities for growth and success. #USMexicoTrade #CrossBorderLogistics #FreightForwarding #CustomsBrokerage #USMCAExperts #PortLaredo #TradeGateway #EconomicGrowth #JohnSJamesCo #LogisticsLeaders #USMCA #Mexico #Freightwaves #Thursday #Economy
US-Mexico trade tops $200B in first quarter of 2024
freightwaves.com
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