The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the goods and services deficit was $62.2 billion in December, up $0.3 billion from $61.9 billion in November, revised.
The U.S. trade deficit with Mexico totaled a record $152 billion in 2023, driven largely by Autos and Parts. Mexico exported $475.6 billion to the U.S., up 5% from 2022. Mexico has surpassed China to become the biggest exporter of goods to the U.S. in 2023.
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