Canada and Mexico tied as trade partners of the United States from January to November 2021, with a share of 14.5% each of the product trade flows (imports and exports).

Close to them, in third position, was China, with a share of 14.3% in that indicator, the Census Bureau reported.

Among the factors that have impacted these flows are the lack of semiconductor chips, the rise in the prices of raw materials and logistics problems in Chinese ports due to the pandemic and the permanence of the trade war between China and the United States.

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As of November 2021, Mexico and Canada's trade in goods with their common neighbor totaled 604.2 billion dollars (each), while that of China totaled 594.5 billion dollars.

In particular, Canadian exports to the US market stood out last November, with a rise of 40.1% year-on-year, to 33.7 billion dollars; followed by those of Mexico, with a growth of 15.9%, to 34.6 billion, and those of China with an advance of 7.9%, to 48.8 billion dollars.

While in Canada's exports stand out oil, cars, gas, wood and aluminum, in those of Mexico, cars, computers, vehicles for the transport of goods, auto parts, monitors and cables stand out, and in those of China, computers, telephones stand out. , clothing, toys, seats, monitors and plastic manufactures.

Total merchandise imports to the United States in November were 259.402 million dollars, 22% more than a year ago, and the accumulated ones were estimated at 2 trillion 575.024 million dollars, with a year-on-year increase of 21.4 percent.

Considering only November 2021, China was placed as the first commercial partner of the United States, with a market share of 15.5% (64.5 billion dollars), surpassing Canada (14.8%) and Mexico (14.1%).

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During the third quarter of 2021, the US economy continued to expand, albeit at a slower pace than during the first half of the year, labor markets continued to improve strongly, but inflationary pressures remain high.

According to the second estimate, the Real GDP of the United States grew 2.1% at an annual rate in the third quarter of 2021; The slowdown was largely due to supply disruptions that have been exacerbated by the persistence of the pandemic.

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Original note