Trade between Mexico and the United States amounted to 262 thousand 811 million dollars between January and May 2021, which represented a growth of 30.4 percent compared to the same period of 2020; this consolidated the country as the main US trading partner, according to figures from the US Census Bureau.

Likewise, the value of total trade (exports plus imports) was two percent higher than what was observed during the January-May 2019 period, so that Mexican foreign trade finally managed to get back on track with respect to pre-pandemic levels.

Luz María de la Mora, undersecretary of Foreign Trade, pointed out that the Agreement between Mexico, the United States and Canada (T-MEC) has been a key piece for the economic recovery of North America after the pandemic.

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"There were moments when the three countries had to close our economic activity and align essential sectors, which represented a challenge, since it implied the closure of the land border to protect the population," she told El Financiero.

For Kenneth Smith, former chief negotiator of the T-MEC, the trade figures between Mexico and the US have turned out to be very positive during the first months of the agreement's life.

"We see a very important surplus in the balance of trade between the two countries, the economic recovery of the US driven by the acceleration of vaccination and its economic rescue programs are beginning to have an impact on its demand for goods and services, which undoubtedly it helps us ”, he pointed out.

So far this year, Mexican sales to US territory registered a value of 153 thousand 415 million dollars, a figure 29.7 percent higher than those observed in the same period of the previous year.

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After Mexico, Canada was ranked as the second US trade partner, since that country has concentrated 14.5 percent of US trade; China was displaced to third place (contributed 13.9 percent of US trade), followed by Japan (4.8 percent), Germany (4.5), South Korea (3.6), United Kingdom (2.7), Vietnam (2.5), India (2.4) and Taiwan (2.4).

Total trade (exports plus imports) between Mexico and the United States amounted to 557 thousand 785 million dollars between July 2020 and May 2021, which represented an increase of 10 percent at an annual rate, according to data from the Census Bureau of USA.

In turn, Mexico imported US goods for a figure that amounts to 223 thousand 32 million dollars, which represented an increase of 6 percent at the annual rate.

Thus, the trade surplus during the first 11 months of the trade agreement was 111,721 million dollars.

According to Solili, during the April - June 2021 period, the demand for industrial space in Mexico had a quarterly increase of more than 35%. You can consult more information about the industrial real estate market in our Markets section.

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