Flag Canada / Mexico Flag

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

2020
FlagFlag
Top Product
: $781M, Motor vehicles; parts and accessories (8701 to 8705)

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

2020
FlagFlag
Top Product
: $2.59B, Cars

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

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

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

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

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

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

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

2010-2020
Flag
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 Motor vehicles; parts and accessories (8701 to 8705) ($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, 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 In 2020, Mexico exported $16.1B to Canada. The main products that Mexico exported to Canada were Cars ($2.59B), Motor vehicles; parts and accessories (8701 to 8705) ($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

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2020, Canada exported $5.26B to Mexico. The main products exported from Canada to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($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), Motor vehicles; parts and accessories (8701 to 8705) ($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

#permalink to section
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

#permalink to section
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).

Bilateral Service Trade

#permalink to section

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.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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