February 2024 Trade Data Summary
April 4, 2024
Arizona trade rises in February
Exports to both Mexico and Canada saw notable increases in February. Arizona exports to Mexico managed to beat their over-the-year losing streak in February, rising by 13.3% to $738.3 million. Exports to Canada rose 19.9% from last February to reach $272.8 million.
Imports from both Mexico and Canada saw sizeable increases in February 2024. Arizona imports from Mexico saw an impressive 19.5% increase to $1.2 billion, and imports from Canada similarly rose 21.3% to $236.4 million.
Commodity flows through Arizona’s BPOE similarly experienced increases in the second month of 2024. Over the year, exports increased 1.5% to $991.4 million, and imports surged 25.9% to $2.4 billion.