U.S.-Mexico trade hit a record $94.8 billion in July 2026, up 27.5% year over year, cementing Mexico’s position as the United States’ largest trading partner for the month, according to FreightWaves. Mexico accounted for nearly 18% of total U.S. international trade, with U.S. imports from Mexico rising 33.5% to $60.55 billion and exports increasing 18.1% to $34.24 billion.
Through July, two-way U.S.-Mexico trade reached $588.52 billion, up 16.1% from a year earlier. Mexico, Canada and China remained the top three U.S. trading partners year to date, underscoring Mexico’s growing role in North American supply chains as tariffs and shifting sourcing patterns reshape global trade.
Laredo, Texas, also posted a record July, handling $36.95 billion in total trade and remaining the busiest U.S. international trade gateway. Nearly all of its business was tied to Mexico, with $35.9 billion in U.S.-Mexico commerce. Automotive products were a major driver, while tight trucking capacity—with an 11.18% tender rejection rate—highlighted growing pressure on cross-border freight networks.
The record trade figures show how increasingly central Mexico is to U.S. manufacturing and supply chains, while Laredo’s performance highlights the importance—and capacity pressures—of the main U.S.-Mexico freight corridor.
