Key Highlights:
Mexico is a major manufacturing powerhouse, particularly in the automotive, electronics, and machinery sectors. Its competitive labor market, extensive infrastructure, and proximity to the United States make it a preferred destination for global businesses.
Additionally, Mexico is one of the largest importers of raw materials and industrial goods, fueling its strong manufacturing and production sectors. As a result, Mexico plays a crucial role in global trade, serving as a key hub for both exports and imports.
In this blog, we will explore the top Mexico trade partners that contribute to its growing economy. We will also closely examine the Mexico import export data, including leading export destinations and major import sources.
Since the US is the major trading partners of Mexico, the country's entire trade market is heavily dependent on exports to the US, which are mainly made up of manufactured goods like cars, auto parts, computers, and crude petroleum. In contrast, Mexico imports a wide variety of goods from other nations, which causes a trade deficit because of the high volume of goods exported to the US.
The recent Mexico import data indicates a modest trade deficit for Mexico in 2024, with imports coming in at about $52.16 billion and exports at about $52 billion, leaving a $133 million shortfall in November of that year.
Oil exports fell 2.7% year over year, while non-oil exports increased by a moderate 4%.
Even though Mexico's trade deficit is now modest, it is somewhat smaller overall for the first 11 months of 2024 than it was for the prior year.
With non-oil imports up 6.7% and oil imports sharply declining 15.8%, imports increased 5.1% year over year, based on Mexico trade statistics.
Based on the latest Mexico trade statistics, here is a list of top 10 Mexico trade partners in 2023:
Rank |
Major trading partners of Mexico |
Mexico trade statistics (Trade Value in USD) |
Mexico import export data % of Total Trade |
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% |
Here's a brief overview of all of Mexico's biggest trading partners:
Mexico has a diversified export economy with notable strengths in electronics, energy, agriculture, and automobile manufacturing. Mexico's status as a top exporter will continue to be essential to its economic development and prosperity as the demand for these goods increases globally.
Based on Mexico import export data, the exports of manufactured goods are the main driver of Mexico's expected $617.1 billion in 2024 exports, which represents a 4.1% increase over the previous year.
Here are Mexico biggest trade partners in terms of exports:
Mexico export partners |
Mexico export data |
United States of America |
US$ 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 |
So, to get more details on Mexico's biggest trading partners and Mexico import export data, connect with us on Eximpedia.app
Here is the list of commodities Mexico exports the most:
Rank |
Export Category |
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 |
$9.9 billion |
1.7% |
|
10 |
Articles of Iron & Steel |
$9.8 billion |
1.7% |
So, all these commodities hold the major share of Mexico exports. However, to get the export destinations, Mexico largest trading partners and other details, explore Mexico trade statistics at Eximpedia.app
Mexico's monthly total imports in 2024 are expected to be around $53.6 billion USD, with the majority of Mexico's imports coming from the US.
The United States, Mexico's top commercial partner, accounted for the majority of Mexico's $625.3 billion in imports in 2024, a 4.5% annual rise.
Here is the list of Mexico biggest trade partners in terms of imports:
Mexico import partners |
Mexico import data |
USA |
US$ 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 |
US$ 11.99 billion |
|
Vietnam |
US$ 11.58 billion |
So, to get more details on major trading partners of Mexico and Mexico import export data, connect with us on Eximpedia.app
Here is the list of commodities Mexico imports the most:
Rank |
Import Category |
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 |
$13.3 billion |
2.2% |
|
9 |
Articles of Iron & Steel |
$12.7 billion |
2.1% |
10 |
Aluminium |
$11.6 billion |
1.9% |
So, all these commodities hold the major share of Mexico imports. However, to get the import destinations, Mexico largest trading partners, and other details, explore Mexico import data at Eximpedia.app
The Eximpedia.app is a high-end solution for finding list of Mexico importer's. Global traders can easily get a list of importers in Mexico with their past shipment values. You can explore the detailed list of commodity-wise HS codes by simply analyzing updated Mexico trade statistics on our dashboard.
Our informative dashboard's data on Mexico imports and exports is assisting numerous importers in Mexico in managing their import businesses more efficiently and successfully. If you want to import from Mexico, connect with us by clicking here!
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So, Mexico has enormous potential for trade. By obtaining the Mexico importers list, exporters can identify key buyers, tap into high-demand markets, and build lasting trade
relationships From machinery to food products, the opportunities in Mexicon imports and exports are vast and varied. Use resources like Mexico trade statistics and trade directories to stay ahead in this competitive market.
Whether you’re a seasoned exporter or a newcomer, the right strategy, combined with reliable Mexico trade partners or insights on imports and exports in Mexico, helps you to expand your trade business. To schedule a free live demo, connect today.
FAQ's on Mexico Trade Partners
As per Mexico export-import data, the major trade of Mexico is manufactured goods, particularly vehicles and auto parts, while its primary import is machinery and transport equipment.
Mexico imports various goods from India, including cars, raw aluminum, and motor vehicle parts.
Vehicles, particularly cars, are the most common import from Mexico to the United States, as Mexico is a major automotive manufacturing hub that produces a sizable portion of the cars sold in the country.
As per Mexico trade data, the imports came in at about $52.16 billion and exports at about $52 billion, leaving a $133 million shortfall in November of that year.
Based on Mexico trade statistics, Mexico’s main trade is manufactured goods, particularly vehicles and auto parts, while its primary import is machinery and transport equipment.
The United States is Mexico's most significant trading partner, and U.S.-based companies account for more than half of Mexico's foreign investment.
Mexico imports several goods from India, including cars, raw aluminum, and motor vehicle parts. To find out the most updated insights on Mexico imports, connect with our platform.
As per Mexico trade data, Mexico's top trading partners are the United States, China and the European Union (EU).
The top 5 trading partners are China, the United States, the United Arab Emirates, Russia, and Saudi Arabia.
Yes, Mexico is a significant trade partner of the United States. Mexico was the United States' top trading partner in 2023, with a total of $807 billion in two-way trade.
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