During 2024, Mexico and the United States maintained their excellent trade relationship. The United States is the destination of 80% of Mexican exports and, on the other hand, exports and imports between the two nations accounted for 15.9% of international trade for the United States, surpassing its trade with Canada and China.
While this exchange has been of mutual convenience, there are certain challenges that both countries must face jointly to preserve their benefits as strategic partners. Some of these are:
Trade and tariff policies
The imposition of tariffs would negatively affect companies and consumers in both countries. For example, the automotive industry would experience production delays or increases in manufacturing costs. Likewise, U.S. household spending could increase by more than 2,600 additional dollars per year.
The Mexican government, authorities and private sector entrepreneurs should seek a productive dialogue in favor of cooperation. The key will be to maintain constructive diplomatic relations and to continue adapting to the changing global environment.
Inequality in infrastructure and logistics
Differences in infrastructure between the two nations can affect the flow of trade. Insufficient logistics capacity can lead to delays at border crossings and additional costs. According to a recent report, infrastructure investments in Mexico need to be increased by 30% to meet current and future trade demands.
In this sense, promoting infrastructure development, optimizing resources, training the personnel involved and making the operation efficient should be priorities for logistics companies.
Security
Insecurity and drug trafficking impact the perception of risk for businesses and the safe flow of goods across the border. During 2023, the number of highway robberies increased 4.6%. Of these, 86% occurred with violence and caused annual losses of around 7 billion pesos.
There is an urgent need to increase security cooperation, both at the federal and local levels, and to encourage the creation of safer free trade zones.
Cybersecurity
The digitization of trade through electronic platforms poses risks in terms of data protection, fraud and vulnerability of digital infrastructures. In 2024, supply chains recorded a 60% increase in this type of crime.
Today, more than ever, it is important to identify and assess risks in supply chains, as well as to promote cybersecurity agreements between both countries, strengthen legal frameworks and security protocols.
The only way to face the uncertainty generated by political and commercial changes is to have the best collaborators and allies. ED Forwarding is an expert, enthusiastic and professional company to adapt to the new global requirements of transportation and logistics.
