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If you take Mexico out of the equation, balance would be positive by about US$ 11.4 billion. This is because trade with Mexico is larger that the trade with the rest of all Latin America combined:

US-Central and South America Trade (2012):

  • exports: US$ 183,187.8 million
  • imports: US$ 171,780.5 million
  • balance: US$ 11,407.3 million

US-Mexico Trade (2012)

  • exports: US$ 215,931.2 million
  • imports: US$ 277,569.8 million
  • balance: US$ -61,638.6 million
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