In the U.S. Census Bureau’s July 2025 report on top trading partners, Mexico reigns as the unprecedented leader for imported goods, coming in nearly four percentage points higher than Canada, the next leading source of products for American consumers and supplies for businesses.
Furthermore, Mexico’s momentum as the United States’ top trading partner is increasing, with the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announcing on September 4 that Mexico’s total imports into the United States from January–July of this year amounted to $309.75 billion, representing a 6.5% year-over-year increase. And perhaps most notably, under the provisions of the United State-Mexico-Canada Agreement (USMCA), compliant goods continue to arrive duty free.
With such robust trade volumes, it comes as no surprise that American companies continue to see Mexico as a particularly attractive haven for nearshoring. But unlike years past in which Mexico was largely viewed as a cost-saving alternative to domestic production and global sourcing practices, the attraction for many American businesses today reflects the desire to streamline supply chains, and just as importantly, mitigate risks.
