What is Mexico’s trading relationship with the United States? What benefits and what drawbacks does this relationship have for Mexico?

Mexico's trading relationship with the United States is a very close and intensive relation, simply because both countries share a very large border, and have trade agreements in effect, first NAFTA, and now USMCA.

Explanation:

The volume of trade between the two countries is over 600 billion dollars, and Mexico has a trade surplus with the United States of around 100 billion dollars.

Thus, we can see that this trade relationship has benefited Mexico. It has promoted economic growth in the country, especially in export-oriented areas like car manufacturing, areospace, and many other forms of manufacturing. Many American companies have moved their manufacturing facilities to the United States ever since these trade agreements came into force.