Trade Trend

In 2023, Mexico's total export value is 593.00Billion USD, total import value is 598.48Billion USD, Deficit is -5.48Billion USD, and foreign trade dependency is 0.666. In 2023，Mexico's top export products are Commodities not specified according to kind(86.01Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(47.30Billion USD), Motor vehicles; parts and accessories, of heading no. 8701 to 8705(40.08Billion USD), top export destinations are United States(472.21Billion USD), None(24.47Billion USD), Canada(17.72Billion USD). In 2023, Mexico's top import products are Commodities not specified according to kind(100.51Billion USD), Motor vehicles; parts and accessories, of heading no. 8701 to 8705(32.26Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(29.02Billion USD), top import origins are United States(255.94Billion USD), China(114.19Billion USD), Germany(21.23Billion USD).

Comparing to 2022, Mexico's total export value increased 14.71Billion USD(2.54%) in 2023, this could result from its export increases of products such as Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(8.51Billion USD or 21.95%), Commodities not specified according to kind(5.22Billion USD or 6.46%), Instruments and appliances used in medical, surgical, dental or veterinary sciences, including scintigraphic apparatus, other electromedical apparatus and sight testing instruments(2.50Billion USD or 25.16%) and export increases to countries/economics such as United States(19.61Billion USD or 4.33%), None(2.78Billion USD or 12.81%), Canada(2.28Billion USD or 14.75%). Comparing to 2022, Mexico's total import value decreased -6.14Billion USD(-1.02%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-12.75Billion USD or -30.53%), Petroleum gases and other gaseous hydrocarbons(-7.86Billion USD or -47.15%), Lasers, other than laser diodes; other optical appliances and instruments n.e.c. in this chapter(-3.94Billion USD or -93.11%), and its import decreases from countries/economies such as United States(-9.49Billion USD or -3.57%), China(-4.51Billion USD or -3.80%), South Korea(-2.94Billion USD or -13.09%).

Cumulated to first 7 months of 2024, Mexico's total export value is 252.38Billion USD, total import value is 238.24Billion USD, and tradesurplus is 14.14Billion USD. Cumulated to first 7 months of 2024, Mexico's top export products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(23.16Billion USD), Commodities not specified according to kind(18.08Billion USD), Motor vehicles; parts and accessories, of heading no. 8701 to 8705(17.36Billion USD), and top export destinations are United States(204.04Billion USD), Canada(9.70Billion USD), China(5.30Billion USD). Cumulated to first 7 months of 2024, Mexico's top import products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(23.16Billion USD), Commodities not specified according to kind(18.08Billion USD), Motor vehicles; parts and accessories, of heading no. 8701 to 8705(17.36Billion USD), and top import origins areUnited States(119.32Billion USD), China(45.58Billion USD), South Korea(7.11Billion USD).