What can I import from Mexico?
Top 10
- Electrical machinery, equipment: US$82.9 billion (21.6% of total imports)
- Machinery including computers: $65.9 billion (17.2%)
- Vehicles: $32.1 billion (8.4%)
- Mineral fuels including oil: $25.1 billion (6.6%)
- Plastics, plastic articles: $21.9 billion (5.7%)
Can I import goods from Mexico?
When it comes to imports from Mexico to the U.S. there are no import duties on nearly all products. Some products still have an import duty, but at a reduced special rate that’s still lower than it would be when imported from other countries.
Do I need a license to import from Mexico?
CBP does not require an importer to have a license or permit, but other agencies may require a permit, license, or other certification, depending on the commodity that is being imported. CBP acts in an administrative capacity for these other agencies, and you may wish to contact them directly for more information.
What documents do I need to import goods from Mexico?
Guide to Importing from Mexico
- A commercial invoice containing information about your shipment.
- A Packing List including shipment weight.
- A NAFTA Certificate of Origin (if applicable)
- Speak with your customs broker to ensure you understand the Mexican customs agents’ export handling costs.
How does the US benefit from Mexico?
In 2020, Mexico was the second-largest supplier of foreign crude oil to the United States, as well as the largest export market for U.S. refined petroleum products and U.S. natural gas. Other top U.S. exports to Mexico include machinery, electrical machinery, vehicles, mineral fuels, and plastics.
Do I have to pay import tax from Mexico?
You may import merchandise other than your personal baggage and duty-free allowance by paying the general tax of 16% of the total value of the exceeding merchandise. For this purpose, you must fill out the form Foreign Trade Tax Payment or the simplified online form Federal Tax Payment.
What is the 25 year import law?
The 25-Year Import Rule This stated that any car that is 25 years or older is legal to import to the US without having to meet the United States vehicle regulations. This also meant that any car that was 24 years or younger was illegal to import to the United States.
How much the US imports from Mexico?
Imports Mexico was the United States’ 2nd largest supplier of goods imports in 2018. U.S. goods imports from Mexico totaled $346.5 billion in 2018, up 10.3% ($32.3 billion) from 2017, and up 60.5% from 2008.
What are the major exports from us to Mexico?
Top U.S. exports to Mexico include machinery, electrical machinery, vehicles, mineral fuels, and plastics. The stock of foreign direct investment by U.S. companies in Mexico stands at $109.7 billion, while reciprocal Mexican investment in the United States is $18 billion.
What can you bring into Mexico from the States?
Smoking tobacco
What does the U.S. import from Mexico?
The U.S. also relies heavily on Mexico for machinery, furniture and produce. Among other imports from Mexico, the U.S. got $93 billion worth of cars or car parts, according to UN Comtrade, which keeps data on trade.