Borderlands: US-Mexico cross-border trade may hit $1 trillion by 2028

US-Mexico cross-border trade may hit $1 trillion by 2028

International trade between the U.S. and Mexico could top $1 trillion within the next five years, according to U.S. Rep. Henry Cuellar, D-Texas.

Cuellar was speaking at a groundbreaking Wednesday for the Las Americas Roma Logistics and Industrial Park in Roma, Texas, where he discussed Mexico, the United States’ largest trading partner last year and year to date in 2023.

“We’re hoping in … less than five years, we are going to hit $1 trillion of trade between the U.S. and Mexico,” Cuellar said, according to CBS 4. “We’re at $863 billion last year. The way we’re growing … in less than five years, we’ll hit 1 trillion.”

The U.S. Census Bureau gives a lower figure for 2022: $779 billion. Cuellar’s office did not immediately respond to FreightWaves’ request for clarification. Trade between Mexico and the U.S. totaled almost $400 billion from January through June 2023, according to the Census Bureau.

In 2022, trade between the U.S. and Canada totaled $793 billion, while trade with China totaled $690 billion.