US imports from Canada, Mexico in 2024 as Trump threatens tariffs

Forward Industries

30/01/2025 21:26

(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:
    
                 Total value   % of US         Cumulative % of
 Commodity       of US         imports of the  exports from
                 imports of    product from    Canada/Mexico
                 the product   Mexico/Canada   
                 from Canada                   
                 & Mexico                      
 Automobile &    $102.21 bln   45%             12%
 light duty                                    
 motor vehicle                                 
 manufacturing                                 
 Crude oil       $101.45 bln   66%             24%
 Electronic      $38.99 bln    37%             29%
 computers                                     
 Other motor     $28.28 bln    60%             32%
 vehicle parts                                 
 Goods returned  $23.28 bln    26%             35%
 (exports for                                  
 Canada only)                                  
 Heavy duty      $18.68 bln    93%             37%
 trucks &                                      
 chassis                                       
 Oil refinery    $17.67 bln    31%             39%
 products                                      
 Motor vehicle   $14.42 bln    58%             41%
 electrical &                                  
 electronic                                    
 equipment,                                    
 NESOI*                                        
 Audio & video   $13.03 bln    36%             42%
 equipment                                     
 Nonferrous      $12.79 bln    35%             44%
 metal (except                                 
 aluminum)                                     
 smelted,                                      
 refined                                       
 Source: U.S. Census Bureau
    * NESOI is an acronym used to categorize exported cargo
items. It stands for "Not Elsewhere Specified or Included".

 (Reporting by Juveria Tabassum in Bengaluru; Editing by
Shailesh Kuber)
 ((Juveria.Tabassum@thomsonreuters.com;))