US-Mexico Trade Reaches New Highs as Gas and Goods Exports Surge

U.S. natural gas exports to Mexico have rebounded after a two‑year decline, with pipeline shipments rising to a customs‑valued $2.48 billion from January to April and projected total exports of $6.5 billion in 2025, a 57.5 % increase over 2024. Major exporters include CFE International, Kinder Morgan, Sempra Infrastructure, TC Energy and Cheniere Energy. The growth occurs under the US‑Mexico‑Canada trade agreement (T‑MEC), which limits investor‑state arbitration to strategic sectors such as oil, gas and energy infrastructure.

In April, Mexico set a record for shipments to the United States, reaching $50.691 billion – a 21.3 % year‑on‑year rise and representing 16.9 % of all U.S. imports that month. This marks the second instance a single month has exceeded $50 billion. Conversely, U.S. exports to Mexico totaled $35.343 billion, up 27 % year‑on‑year, accounting for 16.2 % of U.S. outbound trade. Combined, the two economies highlight a deepening bilateral trade relationship driven by energy needs and near‑shoring trends.