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Mexico's trade data reflects its active participation in the global economy. In recent years, Mexico has experienced a trade deficit, with imports slightly exceeding exports. The country's top exports include automobiles, computers, and crude petroleum, primarily to the United States, which is Mexico's largest trading partner. Conversely, Mexico's main imports are refined petroleum, vehicle parts, and office machine parts, with the United States again being the primary source. These trade activities underscore Mexico's integral role in international trade, especially in the North American region.
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Top Export Partners (2023)
United States: $472.2 billion (79.6% of Mexico’s total exports)
Canada: $17.7 billion (3%)
China: $9.2 billion (1.5%)
Germany: $8.7 billion (1.5%)
Taiwan: $5.1 billion (0.9%)
Brazil: $4.3 billion (0.7%)
Japan: $3.84 billion (0.6%)
South Korea: $3.81 billion (0.6%)
Guatemala: $2.92 billion (0.5%)
United Kingdom: $2.89 billion (0.5%)12.
Top Import Partners (2023)
United States: $294 billion (55.5% of Mexico’s total imports)
China: $90.9 billion (17.2%)
Germany: $16.9 billion (3.2%)
South Korea: $13.8 billion (2.6%)
Japan: $11.3 billion (2.1%)
Canada: $10.2 billion (1.9%)
Malaysia: $9.1 billion (1.7%)
Brazil: $8.3 billion (1.6%)
Vietnam: $7.9 billion (1.5%)
India: $7.5 billion (1.4%)
Vehicles: $156.5 billion (26.4% of total exports)
Electrical Machinery and Equipment: $103.4 billion (17.4%)
Machinery including Computers: $93.5 billion (15.8%)
Mineral Fuels including Oil: $32.6 billion (5.5%)
Optical, Technical, and Medical Apparatus: $27.3 billion (4.6%)
Furniture, Bedding, Lighting, and Prefabricated Buildings: $12.9 billion (2.2%)
Plastics and Plastic Articles: $11.8 billion (2%)
Iron and Steel: $10.7 billion (1.8%)
Vegetables: $9.6 billion (1.6%)
Beverages, Spirits, and Vinegar: $8.5 billion (1.4%)
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