USA and Mexico flag overlapping

Mexico is taking the spotlight as the U.S.’ top trade partner once again. According to the latest data from the U.S. Census Bureau, our pals down south led the trade game in September. This marked the eighth time in the past nine months.

In the world of numbers, two-way commerce between the U.S. and Mexico hit a cool $67 billion in September. Canada and China followed in the ranks at $64.7 billion and $52.1 billion, respectively. But guess what? Mexico’s been dominating the charts. They were totaling a whopping $600 billion in trade with the U.S. through the first nine months of 2023. That’s a 2% boost from the same period last year.

Hold onto your hats, because the gateway of dreams, Port Laredo in Texas, stole the show as the No. 1 U.S. trade hub with Mexico. With $26.9 billion in trade in September, it marked the eighth consecutive month of Laredo’s triumph.

Now, let’s talk cargo favorites. Auto parts took the lead as the top imports from Mexico to the U.S. through Laredo. They brought in a cool $2.2 billion. On the flip side, the U.S. sent back some auto part love ($1.3 billion) to Mexico. These were followed by gasoline ($327 million) and diesel engines ($237 million).

But that’s not all – Mexico’s trucking industry is revving its engines. October saw a rebound in the production and exports of heavy-duty trucks, and we’re loving the comeback story. According to Mexico’s National Association of Bus, Truck, and Tractor Producers (ANPACT), there was a 1.8% year-over-year increase in exports and an 8.5% rise in production. That’s a trucking win!

Miguel Elizalde, ANPACT’s president, shared some exciting news. He said, “After leaving the pandemic behind, it is a great advance for the industry to observe that the increases reported to date are maintained.” It looks like their members, including big names like Freightliner, Kenworth, and Mercedes-Benz, are cruising toward a record year.

Freightliner took the crown as the top truck producer and exporter in October, with a 12% increase in truck production and a 7% jump in exports. Furthermore, International Trucks Inc. wasn’t far behind, keeping the trucking spirit alive with a few million units on the road.