06-Feb-2025
Key Highlights:
Mexico is a major player in international trade, and its import and export sectors are expected to undergo significant change in 2025. Mexico is a preferred choice for businesses worldwide because of its advantageous location, robust trade relations, and flourishing industrial sector.
Who is at the forefront, then? From established Mexico trade partners like the United States and Canada to new markets in Europe, Asia, and Latin America, Mexico's trade network is rapidly changing. Are you prepared to capitalize on the new prospects, evolving global supply networks, and new trade policies that are changing the landscape?
This blog will guide you on Mexico trade partners that contribute to its growing economy. We will also take a deep look at Mexico trade statistics, including Mexico import export data, its top export markets, and main import suppliers.
Mexico's whole trade sector is mostly reliant on exports to the US, which are primarily composed of manufactured items like computers, automobiles, auto parts, and crude petroleum, as the US is one of Mexico's biggest trade partners. Mexico, on the other hand, imports a wide range of goods from other countries, which results in a trade imbalance due to the large number of items that are exported to the US.
According to recent Mexico import export data, Mexico's 2024 trade deficit is moderate, with imports being approximately $52.16 billion and exports totaling approximately $52 billion. In November of that year, there was a $133 million imbalance.
While non-oil exports rose a mild 4% year over year, oil exports decreased 2.7%.
Despite its current modest size, Mexico's trade deficit for the first 11 months of 2024 is marginally lower than it was for the same period last year.
According to Mexico trade statistics, imports rose 5.1% year over year, with non-oil imports up 6.7% and oil imports drastically down 15.8%.
Here is a list of Mexico main trade partners for 2023, based on the most recent trade statistics:
|
Rank |
Mexico biggest trade partners |
Mexico trade statistics (Trade Value in USD) |
Mexico import export data in % |
|
1 |
United States |
$728.2 billion |
61.2% |
|
2 |
China |
$123.2 billion |
10.4% |
|
3 |
Canada |
$30.7 billion |
2.6% |
|
4 |
Germany |
$29.6 billion |
2.5% |
|
5 |
Japan |
$22.1 billion |
1.9% |
|
6 |
South Korea |
$21.6 billion |
1.8% |
|
7 |
Brazil |
$17.7 billion |
1.5% |
|
8 |
Taiwan |
$12.9 billion |
1.1% |
|
9 |
India |
$11.6 billion |
1.0% |
|
10 |
Malaysia |
$11.1 billion |
0.9% |
An outline of Mexico's key trading partners is provided below:
With major capabilities in electronics, energy, agriculture, and auto manufacturing, Mexico boasts a diverse export economy. As the need for these items rises globally, Mexico's position as a top exporter will remain crucial to its economic growth and prosperity.
Mexico's projected $617.1 billion in 2024 exports, a 4.1% rise over the previous year, are mostly driven by the export of manufactured products, according to Mexico import export data.
The following are Mexico's top export trading partners:
|
Mexico export partners |
Mexico Export Data |
|
United States of America |
US$ 472.22 billion |
|
America |
US$ 18.88 billion |
|
Canada |
US$ 17.72 billion |
|
China |
US$ 9.15 billion |
|
Germany |
US$ 8.75 billion |
|
Taiwan |
US$ 5.14 billion |
|
Brazil |
US$ 4.32 billion |
|
Japan |
US$ 3.84 billion |
|
South Korea |
US$ 3.81 billion |
|
Guatemala |
US$ 2.92 billion |
Therefore, visit Exportimportdata.in to learn more about Mexico's top trading partners and import/export statistics.
The commodities that Mexico exports the most are listed below:
|
Rank |
Mexico top exports |
Mexico trade statistics (Export Value in USD) |
% of Total Exports |
|
1 |
Vehicles |
$156.5 billion |
26.4% |
|
2 |
Electrical Machinery & Equipment |
$103.4 billion |
17.4% |
|
3 |
Machinery, Including Computers |
$93.5 billion |
15.8% |
|
4 |
Mineral Fuels |
$32.6 billion |
5.5% |
|
5 |
Optical, Technical & Medical Apparatus |
$27.3 billion |
4.6% |
|
6 |
Furniture, Bedding, Lighting, Signs & Prefab Buildings |
$12.9 billion |
2.2% |
|
7 |
Beverages, Spirits & Vinegar |
$12.0 billion |
2.0% |
|
8 |
Plastics |
$11.7 billion |
2.0% |
|
9 |
Vegetables |
$9.9 billion |
1.7% |
|
10 |
Articles of Iron & Steel |
$9.8 billion |
1.7% |
Therefore, the majority of Mexico's exports are made up of these items. However, check out Mexico's trade statistics at Exportimportdata.in to learn about Mexico trade partners, export destinations, and other information.
In 2024, it is anticipated that Mexico will import $53.6 billion USD every month, with the US accounting for the majority of these imports.
The bulk of Mexico's $625.3 billion in imports in 2024—a 4.5% annual increase—came from the United States, one of the leading trade partners.
The following is a list of Mexico's top import trading partners:
|
Mexico import partners |
Mexico import data |
|
USA |
US$ 255.94 billion |
|
China |
US$ 114.49 billion |
|
Germany |
US$ 21.23 billion |
|
Japan |
US$ 20.62 billion |
|
South Korea |
US$ 19.49 billion |
|
China |
US$ 14.32 billion |
|
Brazil |
US$ 13.42 billion |
|
Canada |
US$ 13.1 billion |
|
Malaysia |
US$ 11.99 billion |
|
Vietnam |
US$ 11.58 billion |
Therefore, acquire more information about Mexico trade partners and Mexico international trade statistics by contacting us at Exportimportdata.in
The commodities that Mexico imports the most are listed below:
|
Rank |
Mexico top imports |
Import Value (USD) |
% of Total Imports |
|
1 |
Electrical Machinery & Equipment |
$117.3 billion |
19.4% |
|
2 |
Machinery Including Computers |
$94.2 billion |
15.6% |
|
3 |
Mineral Fuels |
$62.9 billion |
10.4% |
|
4 |
Vehicles |
$48.3 billion |
8.0% |
|
5 |
Plastics |
$32.7 billion |
5.4% |
|
6 |
Iron & Steel |
$20.8 billion |
3.4% |
|
7 |
Optical, Technical & Medical Apparatus |
$18.7 billion |
3.1% |
|
8 |
Organic Chemicals |
$13.3 billion |
2.2% |
|
9 |
Articles of Iron & Steel |
$12.7 billion |
2.1% |
|
10 |
Aluminium |
$11.6 billion |
1.9% |
Therefore, the majority of Mexico's imports are made up of these items. However, check out Mexico import data at Exportimportdata.in to see the import destinations, Mexico's biggest trading partners, and other information.
Exportimportdata.in is a high-end solution for finding a list of Mexico import partners. A list of Mexican importers along with their historical shipment values is readily available to international traders. By examining the most recent Mexico trade data on our dashboard, you may see the whole list of HS codes broken down by commodity.
Many importers in Mexico are using the data on imports and exports from our informative dashboard to manage their import businesses more successfully and efficiently. Click here to get in touch with us if you wish to import or export from Mexico!
Trade with Mexico has a lot of potential. Exporters may find important clients, access markets with strong demand, and establish enduring business partnerships by acquiring the Mexico importers list. Opportunities for Mexico's biggest trading partners and import-export businesses are numerous and diverse, ranging from food items to machinery.
The correct approach, along with trustworthy Mexico trade partners or knowledge of Mexico import export data, can help you grow your trade firm, regardless of your level of experience. Connect now to arrange a free live demo!
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The biggest trading partners in Mexico are the United States, China, Canada, Germany, Japan, South Korea, and Brazil.
Vehicles, electrical machinery & equipment, and machinery including computers are among the top 3 exports in Mexico, based on Mexico export data.
Mexico's primary trade is the export of manufactured goods, mainly autos and automotive parts. The majority of Mexico's exports, which include computers, cars, crude petroleum, and vehicle components, are received by the United States, which is its greatest trading partner.
Mexico's whole trade sector is mostly reliant on exports to the US, which are primarily composed of manufactured items like computers, automobiles, auto parts, and crude petroleum, as the US is one of Mexico's biggest trade partners.
Mexico's primary exports are vehicles (mainly cars and auto parts). At the same time, its main import is also largely machinery and transport equipment, including cars and parts, often coming from the United States due to the close trade relationship between the two countries.
In 2022-23, Mexico imported $5.3 billion worth of goods from India. Mexico imports various goods from India, including cars, raw aluminum, and motor vehicle parts and accessories.
Electrical machinery & equipment hold a significant share of Mexico's imports with around 20%. In 2023, Mexico imported $117.3 billion worth of electrical machinery and equipment.
