PHOENIX — From January to November of 2024 Arizona companies made over $24 billion trading with Mexico and Canada.
Mexico is by far the state’s largest trading partner with census data showing $10.6 billion worth of imports passing through customs to Arizona, as well as $8.2 billion in exports. Canada, the state’s second-largest trading partner, does $5 billion in trade with Arizona, which is split evenly between imports and exports.
Exports from Arizona to Mexico and Canada
Arizona’s largest export is also one of the state’s “Five Cs”: copper. Most other product categories with the highest value of total trade come from the either state’s high-tech or aerospace industries.
Top exports with Mexico (in millions)
- Copper: $1,430
- Digital storage hardware: $534
- Electronic circuitry: $373
- Solid state drives: $332
- Electric controllers: $328
Top exports with Canada (in millions)
- Aircraft parts: $227
- Commercial vehicles: $137
- Turbojet engines: $134
- Mineral water: $90
- Fruits and nuts: $87
Imports from Mexico and Canada into Arizona
Arizona is a large importer of produce and electronic or mechanical parts lower down on the supply chain. Two other notable categories of imports are medical instruments from Mexico and industrial-scale bread products from Canada.
Top imports with Mexico (in millions)
- Vegetables: $2,598
- Electrical parts: $2,544
- Mechanical parts: $1,349
- Medical instruments: $854
- Fruits and nuts: $704
Top imports with Canada (in millions)
- Mechanical parts: $349
- Electrical parts: $213
- Wood products: $208
- Vehicles: $187
- Bread and bakery products $167
Below is a list of the value of all products imported from Mexico & Canada into Arizona, according to data from the US Census Bureau:
CHINA: THE PRODUCTS MOST LIKELY TO BE IMPACTED BY TARIFFS AND ENDING ‘DE MINIMIS’
From January to November of last year the United States imported over $400 billion in goods from China alone. The largest chunk of those imports are in the form of computer and digital equipment.
The product categories with the most value are mostly items infrequently purchased by consumers. It’s a different story with the highest quantity items. Most of which are items, like toys or plasticware, which are purchased more often, or are found in many common products.
Product categories with the most value imported from China:
· $38 billion – Smartphones
· $30 billion – Tablets and Laptops
· $14 billion – Lithium-ion batteries
· $13 billion – Tricycles/Pedal cars/Vehicles for Children
· $7 billion – Networking equipment
· $6 billion – Computer parts
· $5 billion – Pharmaceuticals
· $4.6 billion – Game consoles
· $4.5 billion – Monitors
· $3.7 billion – Plastics
Product Categories with the highest quantity imported from China:
· 50 billion – Plastic Tableware
· 15 billion – Other plastics
· 12 billion – Capacitors
· 8 billion – Bottle Caps
· 8 billion – Resistors
· 4 billion – Toys
· 3.5 billion – Single Use Plate & Cups
The Trump administration is also ending the “de minimis” exemption for China. This is a big deal for consumers that shop using the Chinese eCommerce apps Temu, Shein, or AliExpress. These companies rely on the ‘de minimis’ exemption to cheaply ship goods to US consumers. Prior to the ending of the rule, packages valued under $800 coming from China would not be subject to import duties. With the end of that rule, those companies will now be closer on a competitive level to giants like Amazon and Walmart, stripping them of much of their competitive advantage.
