2021
Flag  
GDP
$2TCURRENT US$
Rnk 9 / 204
2011-2021
Flag
GDP GROWTH
11.6%CURRENT US$
Rnk 139 / 204
2021
Flag
 GDP
$1.27TCURRENT US$
Rnk 15 / 204
2011-2021
Flag
GDP GROWTH
7.82%CURRENT US$
Rnk 151 / 204
2021
Flag
GDP PC 
$52,359CURRENT US$
Rnk 23 / 204
2011-2021
Flag
GDP PC GROWTH
0.26%CURRENT US$
Rnk 143 / 204
2021
Flag
GDP PC
$10,046CURRENT US$
Rnk 86 / 204
2011-2021
Flag
GDP PC GROWTH
-2.86%CURRENT US$
Rnk 155 / 204

About

Canada-Mexico In 2021, Canada exported $7.14B to Mexico. The main products that Canada exported to Mexico are Rapeseed ($862M), Motor vehicles; parts and accessories (8701 to 8705) ($842M), and Petroleum Gas ($584M). During the last 26 years the exports of Canada to Mexico have increased at an annualized rate of 7.45%, from $1.1B in 1995 to $7.14B in 2021.

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 2021, Mexico exported $17.4B to Canada. The main products that Mexico exported to Canada were Cars ($2.87B), Delivery Trucks ($1.79B), and Motor vehicles; parts and accessories (8701 to 8705) ($801M). During the last 26 years the exports of Mexico to Canada have increased at an annualized rate of 7.18%, from $2.87B in 1995 to $17.4B in 2021.

In 2021, Mexico did not export any services to Canada.

Comparison In 2021,  Canada ranked 32 in the Economic Complexity Index (ECI 0.9), and 9 in total exports ($484B). That same year, Mexico ranked 23 in the Economic Complexity Index (ECI 1.09), and 12 in total exports ($474B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Canada exported $7.14B to Mexico. The main products exported from Canada to Mexico were Rapeseed ($862M), Motor vehicles; parts and accessories (8701 to 8705) ($842M), and Petroleum Gas ($584M). During the last 26 years the exports of Canada to Mexico have increased at an annualized rate of 7.45%, from $1.1B in 1995 to $7.14B in 2021.

In 2021, Mexico exported $17.4B to Canada. The main products exported from Mexico to Canada were Cars ($2.87B), Delivery Trucks ($1.79B), and Motor vehicles; parts and accessories (8701 to 8705) ($801M). During the last 26 years the exports of Mexico to Canada have increased at an annualized rate of 7.18%, from $2.87B in 1995 to $17.4B in 2021.

Exports from Canada (Flag) to Mexico (Flag) (2021)

Exports from Mexico (Flag) to Canada (Flag) (2021)

Market Competitiveness

Color
Canada
Top Destination
United States$355B
Mexico
Top Destination
United States$361B

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 2021, countries that imported more from Canada than Mexico were China ($22.5B), United Kingdom ($11.8B), and Japan ($11.9B).

In 2021, countries that imported more from Mexico than Canada were Chinese Taipei ($8.05B), United States ($361B), and Spain ($4.69B).

Difference in imports from Mexico (Flag) and Canada (Flag) (2021)

Comparative Advantage Canada - Mexico

Flow
Scale

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

During 2021, Canada had a large net trade with Mexico in the exports of Vegetable Products ($1.22B), Transportation ($1.18B), and Metals ($985M).

During 2021, Mexico had a large net trade with Canada in the exports of Transportation ($6.55B), Machines ($5.22B), and Vegetable Products ($1.01B).

Service Trade

Bilateral Service Trade

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.

Services Exports from Canada (Flag) to Mexico (Flag) (2020)

Economic Complexity

Competitive Landscape

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.

Product Space of Canada (Flag) and Mexico (Flag) (2021)

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