During the first nine months of the year, Mexican automotive exports were worth US$137 billion, according to figures from the U.S. Department of Commerce.

Trade between Mexico and the United States continues to show good momentum; as of September 2024, Mexico achieved a record trade surplus with the neighboring country in this sector.

During the first nine months of the year, Mexican automotive exports were worth US$137 billion, according to figures from the U.S. Department of Commerce. Imports were worth US$33 million.

This meant a balance of almost US$104 billion, a record level in the trade balance between these two countries.

It also meant that, for the first time, the trade surplus in the automotive sector exceeded US$100 billion.

According to the USMCA, in the automotive sector, exports must guarantee 75% regional content to enjoy tariff exceptions.