Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2022
Timeseries: 194 million
Source:TrendEconomy
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Mexico | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023

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2023
TOTAL. ALL COMMODITIESMexicoWorldExportsValue (US$)370,706,658,359.00379,949,273,136.00396,890,473,226.00380,556,088,682.00373,953,613,840.00409,396,272,990.00450,683,646,625.00460,603,695,808.00416,982,170,486.00494,595,503,435.00577,730,713,416.00592,997,234,309.00
Value Growth, YoY (%)6.122.494.45-4.11-1.739.4710.082.20-9.4718.6116.802.64
ImportsValue (US$)370,751,407,489.00381,210,149,461.00399,984,248,389.00395,253,856,855.00387,087,412,856.00420,394,590,810.00464,294,259,444.00455,235,784,381.00382,979,895,758.00506,565,459,467.00604,614,616,109.00598,475,394,782.00
Value Growth, YoY (%)5.672.824.92-1.18-2.068.6010.44-1.95-15.8732.2619.35-1.01

The value of merchandise exports from Mexico totalled $ 592 billion in 2023. Merchandise exports from Mexico increased by 2.64% compared to 2022. Goods exports grew up by $ 15.2 billion in 2023 (the value of merchandise exports from Mexico amounted to $577 billion in 2022)

Mexico's exports 2023 by country

Top export destinations of commodities from Mexico in 2023:

  • USA with a share of 79% (472 billion US$)
  • Rest of America, nes (1962 - 2004) with a share of 3.18% (18.8 billion US$)
  • Canada with a share of 2.98% (17.7 billion US$)
  • China with a share of 1.54% (9.15 billion US$)
  • Germany with a share of 1.47% (8.74 billion US$)
  • Areas, nes - 5.59 billion US$
  • Other Asia, nes - 5.14 billion US$
  • Brazil - 4.31 billion US$
  • Other Europe, nes - 4.12 billion US$
  • Japan - 3.84 billion US$

Exports structure from Mexico in 2023 represented by the following main commodity groups:

  • 26% (156 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 17.4% (103 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 15.7% (93 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 5.49% (32 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 4.6% (27 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 2.17% (12.8 billion US$): 94 - Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, n.e.s.; illuminated signs, illuminated name-plates and the like; prefabricated buildings
  • 2.02% (11.9 billion US$): 22 - Beverages, spirits and vinegar
  • 1.97% (11.7 billion US$): 39 - Plastics and articles thereof
  • 1.67% (9.93 billion US$): 07 - Edible vegetables and certain roots and tubers
  • 1.66% (9.86 billion US$): 73 - Articles of iron or steel

What did Mexico export in 2023?

Mexico's Top Exports in 2023:

  • 9.66% ($57 billion): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars
  • 6.83% ($40 billion): 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05
  • 6.36% ($37 billion): 8704 - Motor vehicles for the transport of goods
  • 4.96% ($29 billion): 8471 - Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included
  • 4.65% ($27 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 2.96% ($17.6 billion): 8544 - Insulated (including enamelled or anodised) wire, cable (including co-axial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors
  • 2.39% ($14.1 billion): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 2.26% ($13.4 billion): 8701 - Tractors (other than tractors of heading 87.09)
  • 2.16% ($12.8 billion): 9018 - Instruments and appliances used in medical, surgical, dental or veterinary sciences, including scintigraphic apparatus, other electro-medical apparatus and sight-testing instruments

The value of merchandise imports to Mexico totalled $ 598 billion in 2023. Overall commodity imports to Mexico decreased by 1.01% compared to 2022. Merchandise imports decreased by $ 6.13 billion (the value of merchandise imports to Mexico was equal to $604 billion in 2022)

Mexico's imports 2023 by country

Top trading partners (import sources) of Mexico in 2023:

  • USA with a share of 42% (255 billion US$)
  • China with a share of 19% (114 billion US$)
  • Germany with a share of 3.54% (21 billion US$)
  • Japan with a share of 3.44% (20 billion US$)
  • Korea with a share of 3.25% (19.4 billion US$)
  • Other Asia, nes with a share of 2.39% (14.3 billion US$)
  • Brazil with a share of 2.24% (13.4 billion US$)
  • Canada with a share of 2.18% (13 billion US$)
  • Malaysia with a share of 2% (11.9 billion US$)
  • Vietnam with a share of 1.93% (11.5 billion US$)

Imports structure to Mexico in 2023 represented by the following main commodity groups:

  • 20% (121 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 15.9% (95 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 10.2% (61 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 7.22% (43 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 5.13% (30 billion US$): 39 - Plastics and articles thereof
  • 4.32% (25 billion US$): 99 - Commodities not specified according to kind
  • 3.6% (21 billion US$): 72 - Iron and steel
  • 2.75% (16.4 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 2.18% (13.1 billion US$): 73 - Articles of iron or steel
  • 1.84% (11 billion US$): 29 - Organic chemicals

What did Mexico import in 2023?

Mexico's Top Imports in 2023:

  • 5.4% ($32 billion): 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05
  • 5.14% ($30 billion): 2710 - 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
  • 4.01% ($24 billion): 8542 - Electronic integrated circuits and microassemblies
  • 2.95% ($17.6 billion): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars
  • 2.7% ($16.2 billion): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 1.83% ($10.9 billion): 8473 - Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 84.69 to 84.72
  • 1.66% ($9.98 billion): 8471 - Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included
  • 1.55% ($9.3 billion): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 1.36% ($8.13 billion): 8536 - Electrical apparatus for switching or protecting electrical circuits, or for making connections to or in electrical circuits (for example, switches, relays, fuses, surge suppressors, plugs, sockets, lamp-holders, junction boxes), for a voltage not exceeding 1,000 volts

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Mexico | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023