Canada-Mexico Trade: In 2022, Canada exported $6.76B to Mexico. The main products that Canada exported to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($1B), Rapeseed ($876M), and Rapeseed Oil ($326M). Over the past 5 years the exports of Canada to Mexico have increased at an annualized rate of 43.7%, from $1.1B in 2017 to $6.76B in 2022.
In 2020, Canada exported services to Mexico worth $781M, with Royalties and license fees ($247M), Travel ($233M), and Computer and information services ($191M) being the largest in terms of value.
Mexico-Canada Trade: In 2022, Mexico exported $18.6B to Canada. The main products that Mexico exported to Canada were Cars ($3.59B), Delivery Trucks ($2.72B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.19B). Over the past 5 years the exports of Mexico to Canada have increased at an annualized rate of 44.8%, from $2.92B in 2017 to $18.6B in 2022.
In 2022, Mexico did not export any services to Canada.
Comparison: In 2022, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).