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Posted October 3, 2025Lower fuel prices in 2024 resulted in the lowest U.S.-Mexico energy trade value since 2020 ›
Note: Real prices are adjusted for inflation.
The value of all energy trade between the United States and Mexico was estimated to be $57 billion in 2024, down from nearly $72 billion in 2023, according to data from the U.S. Census Bureau. A combination of lower petroleum output from Mexico and lower fuel prices, particularly for petroleum products that make up the bulk of the cross-border energy trade between the two countries, drove most of the decrease.
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