Flag Canada / Mexico Flag

2020
FlagFlag
Exports
: $5.26B, Rnk 5 / 217

2020
FlagFlag
Top Product
: $781M, Vehicle Parts

2020
FlagFlag
Exports
: $16.1B, Rnk 2 / 156

2020
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Top Product
: $2.59B, Cars

2020
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Economic Complexity (ECI)
: ECI 0.93, Rnk 29 / 127

2020
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Economic Complexity (ECI)
: ECI 1.15, Rnk 21 / 127

2020
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GDP
: $1.65T, CURRENT US$
Rnk 9 / 195

2010-2020
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GDP GROWTH
: 1.74%, CURRENT US$
Rnk 155 / 195

2020
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 GDP
: $1.07T, CURRENT US$
Rnk 15 / 195

2010-2020
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GDP GROWTH
: 1.52%, CURRENT US$
Rnk 156 / 195

2020
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GDP PC 
: $43,295, CURRENT US$
Rnk 22 / 195

2010-2020
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GDP PC GROWTH
: -8.97%, CURRENT US$
Rnk 157 / 195

2020
Flag
GDP PC
: $8,329, CURRENT US$
Rnk 80 / 195

2010-2020
Flag
GDP PC GROWTH
: -10.2%, CURRENT US$
Rnk 159 / 195

Canada-Mexico In 2020, Canada exported $5.26B to Mexico. The main products that Canada exported to Mexico are Vehicle Parts ($781M), Rapeseed ($497M), and Raw Aluminium ($196M). During the last 25 years the exports of Canada to Mexico have increased at an annualized rate of 6.44%, from $1.1B in 1995 to $5.26B in 2020.

In 2017, Canada exported services to Mexico worth $535M, with Travel ($414M), Transportation ($101M), and Government services, n.i.e. ($20M) being the largest in terms of value.

Mexico-Canada In 2020, Mexico exported $16.1B to Canada . The main products that Mexico exported to Canada were Cars ($2.59B), Vehicle Parts ($1.17B), and Delivery Trucks ($1.09B). During the last 25 years the exports of Mexico to Canada have increased at an annualized rate of 7.14%, from $2.87B in 1995 to $16.1B in 2020.

In 2020, Mexico did not export any services to Canada.

Comparison In 2020,  Canada ranked 29 in the Economic Complexity Index (ECI 0.93), and 12 in total exports ($371B). That same year, Mexico ranked 21 in the Economic Complexity Index (ECI 1.15), and 9 in total exports ($427B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2020, Canada exported $5.26B to Mexico. The main products exported from Canada to Mexico were Vehicle Parts ($781M), Rapeseed ($497M), and Raw Aluminium ($196M). During the last 25 years the exports of Canada to Mexico have increased at an annualized rate of 6.44%, from $1.1B in 1995 to $5.26B in 2020.

In 2020, Mexico exported $16.1B to Canada. The main products exported from Mexico to Canada were Cars ($2.59B), Vehicle Parts ($1.17B), and Delivery Trucks ($1.09B). During the last 25 years the exports of Mexico to Canada have increased at an annualized rate of 7.14%, from $2.87B in 1995 to $16.1B in 2020.

Market Competitiveness

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Measure

Canada
Top Destination
: United States, $264B

Mexico
Top Destination
: United States, $326B

This map shows whether countries import more from Canada or Mexico. Each country is colored based on the difference in imports they receive from Canada and Mexico or the difference in the growth in imports.

In 2019, countries that imported more from Canada than Mexico were China ($19.3B), United Kingdom ($13.2B), and Japan ($9.44B).

In 2019, countries that imported more from Mexico than Canada were United States ($326B), Germany ($8.21B), and Chinese Taipei ($4.8B).

Comparative Advantage Canada - Mexico

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Flow

This chart compares trade between Canada and Mexico by product, considering products traded by both, Canada and Mexico.

During 2020, Canada had a large net trade with Mexico in the exports of Machines ($1.04B), Transportation ($1B), and Vegetable Products ($844M).

During 2020, Mexico had a large net trade with Canada in the exports of Machines ($5.6B), Transportation ($5.56B), and Vegetable Products ($954M).

Tariff Section

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This section shows import tariffs for products traded between Canada and Mexico (using the HS6 product classification and the last year reported).

In 2019, the products from Canada that paid the highest import tariffs to enter Mexico were Chocolate/cocoa food preparations nes (265%)and Non-alcoholic beverages; other than non-alcoholic beer, n.e.c. in item no. 2202.10, not including fruit or vegetable juices of heading no. 2009 (256%).

In 2017, the products from Mexico that paid the highest import tariffs to enter Canada were Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, fresh or chilled (75%)and Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, frozen (75%).

*The tariffs present between Canada and Mexico are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
142: North American Free Trade Agreement (NAFTA)
142: North American Free Trade Agreement (NAFTA)
270: Preferential tariff for Mexico
270: Preferential tariff for Mexico

Bilateral Service Trade

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In 2017, Canada exported services to Mexico worth $535M, with Travel ($414M), Transportation ($101M), and Government services, n.i.e. ($20M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Canada has comparative advantage over Mexico. Similarly, the more red a dot/product is, the more Mexico has comparative advantage over Canada.