With figures available as of October 2024, trade between Mexico and the United States operated through the Laredo border port totaled $30.5 billion (mdd) worth of merchandise traded, of which Mexico’s exports were $18.9 billion, while Mexico’s imports from the United States were $11.6 billion.
According to figures from the United States Department of Commerce , the accumulated figures amount to 285 billion dollars in foreign trade operations between both countries. Exports to the United States amounted to 176 billion dollars, while in the opposite direction they amounted to 108 billion dollars.
When reviewing the monthly figures for trade exchange through the Laredo border port, during October 2024 the second best record was achieved for both imports from the United States, as well as Mexican exports to that territory, since January 2022.
The figures recorded in October of the year that just ended were only surpassed by the data from the previous August, when exports were 18.99 billion dollars, and imports were 11.71 billion dollars.
In October 2024, the main products that Mexico imported from the United States through Laredo were auto parts with 10% of the total, gasoline and other fuels with 3.2%, storage batteries with 2.9%, diesel engines with 2.8% and passenger vehicles with 2.3 percent.
Meanwhile, during the 10th month of the year, Mexico’s main exports to its northern neighbor were auto parts with 12% of the total, passenger vehicles with 8.6%, computers 7.7%, commercial vehicles 5.2% and cell phones and related equipment with 3.8 percent.
In October 2024, the Port of Laredo ranked as the second most important commercial port in the United States, with a 6.5% share of the country’s total foreign trade, behind only the Port of Los Angeles with 6.7%. Third place is occupied by Chicago O’Hare Airport with 6.4 percent.
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