Publication Date: 21-06-2023
In 2022, trade between the United States, Mexico and Canada amounted to over $1.5 trillion, or close to $3 million per minute. This milestone underscores a remarkable double-digit growth over the past two years. It also marks an excellent start for the United States-Mexico-Canada Agreement (USMCA), which came into force on July 1, 2020.
So far in 2023, Mexico and Canada remain the United States’ top trading partners, making up over 30 percent of U.S. trade with the world in April. Moreover, the three countries also account for almost a third of global GDP, and intra-regional commerce supports over 12 million U.S. jobs, according to one study.
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