The numbers of the automotive agency that assure Mexico for the T-MEC

If other products in the transportation sector are considered, such as tractors, semi-trailers, bodies, wagons and containers, total US imports from Mexico reach around 160 billion dollars per year.

The most recent annual data (2023) from the International Trade Administration, an agency of the United States Department of Commerce, positions Mexico as the leading supplier of transportation equipment, with a 35% share.

Mexican authorities and businessmen trust that the automotive sector will be a buffer against Trump’s trade policies, given the complexity of supply chains. Experts agree that imposing tariffs on this sector would be unlikely, since it would have a negative impact on the prices of American cars and the global competitiveness of the North American automotive industry.

The trade and investment of ‘salvation’

1. Mexico is the leader of US transportation imports.

2. A balance in favor of Mexico and against the US, the deficit in transportation equipment reaches around 121,000 million dollars for the neighboring country.

3. Texas, California and Michigan, those that buy the most auto parts and vehicles from Mexico.

4. Mexican Sales of Vehicles for passengers and goods to the US.

5. Of Mexico’s total exports of auto parts, 88.7% are destined for the United States.

6. In automotive FDI, the US does have competition in Mexico.