US-Mexico trade reaches $84 billion in March, with Mexico accounting for 16% of all U.S. global trade
Laredo remains top U.S. trade gateway, followed closely by John F. Kennedy International Airport
Manufacturers increasingly rely on nearshoring and regionalized supply chains to reduce exposure to tariffs and geopolitical risks in Asia
Technology and automotive products dominate trade flows between the U.S. and Mexico
USMCA negotiations expected to stretch beyond July, with Mexico's priority being reducing uncertainty for manufacturers
Top U.S.-Mexico exports include computers, passenger vehicles, cell phones, and motor vehicle parts
Laredo port handles $34.3 billion in total commerce, while Port Kennedy International Airport follows at $34.2 billion
Nogales Border Crossing sees $3.22 billion in trade, with Pharr International Bridge and Eagle Pass also among top crossings
USMCA review may lead to non-conclusive reviews over the next 10 years, according to Mexico Economy Secretary Marcelo Ebrard
The prolonged USMCA review process may lead to increased uncertainty for manufacturers, but Mexico's growing leverage as a buyer of U.S. goods could benefit the country's economy.
