Canada imported more vehicles from Mexico than the US in June

For the archetypal clip successful much than 30 years, Canada successful June imported much vehicles from Mexico than the United States, according to information from Statistics Canada.

First reported by Bloomberg, information from Statistics Canada — the country’s nationalist statistical bureau — shows that Canadian importers spent CAD $1.08 cardinal (US $779 million) connected rider vehicles from Mexico successful June, exceeding the CAD $950 cardinal (US $685.3 million) outlay connected vehicles from the United States.

Bloomberg reported that it was the archetypal clip since the aboriginal 1990s that Mexico outsold the U.S. successful monthly information connected conveyance exports to Canada.

In a statement, Statistics Canada noted that imports of rider cars and airy trucks accrued 6.9% connected a month-over-month ground successful June, “largely connected higher imports from Mexico.”

The main crushed that Mexico outsold the United States successful Canada successful June appears to beryllium that Mexican vehicles that comply with the USMCA escaped commercialized pact (known arsenic CUSMA successful Canada) don’t look tariffs erstwhile entering Canada, whereas U.S.-made vehicles do.

“Effective April 9, 2025, the Government of Canada is imposing 25 per cent tariffs connected non-CUSMA-compliant U.S.-made vehicles, and connected the non-Canadian and non-Mexican contented of CUSMA-compliant U.S.-made vehicles,” the Canadian Department of Finance said successful a statement.

That tariff was retaliation for United States President Donald Trump’s determination to enforce a 25% tariff connected conveyance imports. For vehicles made successful Mexico and Canada, U.S. contented is exempt from the duty, but Mexican and Canadian contented is taxed astatine 25%.

Bloomberg: Mexico’s emergence to No. 1 conveyance exporter to Canada whitethorn beryllium ‘short-lived’

Bloomberg reported that Canada’s higher outlay connected Mexican vehicles than connected U.S. vehicles successful June underscored “the historical shifts underway arsenic the planetary car manufacture grapples with United States President Donald Trump’s tariffs.”

However, the quality bureau said that “it’s imaginable that Mexico’s emergence to No. 1 exporter of vehicles to Canada volition beryllium short-lived.”

Mexican car manufacture rebounds successful June with grounds production

“Canadian imports of U.S. autos were unusually precocious successful February and March, averaging [CAD] $2.5 cardinal implicit those 2 months, arsenic automakers raced to vessel their products earlier immoderate tariffs came in. That compares with a monthly mean past twelvemonth of a small much than [CAD] $1.8 billion,” Bloomberg said.

Mexico’s full exports to Canada accrued much than 10% annually successful June 

Published earlier this month, Statistics Canada’s import and export information besides shows that Canada spent CAD $3.007 cardinal (US $2.17 billion) connected imports from Mexico successful June, a 10.7% summation compared to the aforesaid period of 2024.

The fig represented a 9.7% summation compared to May. Vehicles accounted for astir one-third of Mexico’s income to Canada successful June.

Although Mexico exported much vehicles to Canada than the U.S. successful June, the worth of its full exports to Canada was dwarfed by Canada’s outlay connected U.S. goods.

U.S. exports to Canada were worthy CAD $39.53 cardinal successful June, oregon 13 times the worth of Mexico’s exports to Canada.

Canada besides spent much connected imports from China successful June — CAD $5.93 cardinal — than connected imports from Mexico.

In summation to vehicles, Mexico exports a scope of different products to Canada, including car parts, fruit, telephones, metal, nutrient and alcoholic beverages.

Around 80% of Mexico’s export gross comes from products shipped to the United States, but net from goods sent to Canada person accrued successful caller years.

Mexico’s exports to Canada were worthy US $18.9 cardinal successful 2024, according to the Bank of Mexico, accounting for conscionable implicit 3% of full export revenue, which was a grounds precocious US $617 cardinal past year.

With reports from Bloomberg