US imports from Canada, Mexico in 2024 as Trump threatens tariffs
Updates to note Trump reiterated threats of tariffs, removes quote
Jan 30 (Reuters) - As U.S. President Donald Trump reiterates threats of 25% duties on imports from Canada and Mexico on Feb. 1, focus has shifted to the sectors likely to bear the brunt of the tariffs.
About 28%, or about $844 billion, of all U.S. imports in 2024 came from the two neighboring countries, data from the Census Bureau shows. The automobile industry accounted for imports of more than $202 billion from Canada and Mexico combined.
Here is a list of the biggest imports into U.S. from Mexico and Canada last year:
Commodity | Total value of US imports of the product from Canada & Mexico | % of US imports of the product from Mexico/Canada | Cumulative % of exports from Canada/Mexico |
Automobile & light duty motor vehicle manufacturing | $102.21 bln | 45% | 12% |
Crude oil | $101.45 bln | 66% | 24% |
Electronic computers | $38.99 bln | 37% | 29% |
Other motor vehicle parts | $28.28 bln | 60% | 32% |
Goods returned (exports for Canada only) | $23.28 bln | 26% | 35% |
Heavy duty trucks & chassis | $18.68 bln | 93% | 37% |
Oil refinery products | $17.67 bln | 31% | 39% |
Motor vehicle electrical & electronic equipment, NESOI* | $14.42 bln | 58% | 41% |
Audio & video equipment | $13.03 bln | 36% | 42% |
Nonferrous metal (except aluminum) smelted, refined | $12.79 bln | 35% | 44% |
Source: U.S. Census Bureau
* NESOI is an acronym used to categorize exported cargo items. It stands for "Not Elsewhere Specified or Included".
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