Mexico On Track To Be Top U.S. Trade Partner For 2nd Time

  • Date: 30-Oct-2021
  • Source: Forbes
  • Sector:Economy
  • Country:Gulf
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Mexico On Track To Be Top U.S. Trade Partner For 2nd Time

Mexico ranks as the United States' top trade partner, trying to finish on top for the second time in ... [+] three years, largely due to the automotive and energy sectors. Since the onset of the pandemic in March of 2020, the land border between Mexico and the United States has been closed to "non-essential" traffic, pummeling "north of the border" merchants from Texas to California. While the pandemic initially crimped cargo trade flows as well, that is no longer the case. Mexico is on pace to rank as the United States' top trade partner for only the second time ever — but the second time in three years. Now, as the United States prepares to open the border to non-essential traffic on Nov. 8 to the hundreds of thousands of Mexicans with B1/B2 visas (they have been vaccinated), the border will truly be bustling with commerce. U. S.-Mexico trade was the greatest ever in the month of August, topping the 2018 total. This is the first in a series of columns that will take a closer look at the United States' top 10 trade partners. It will look at how they are faring compared not only to last year,