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2023
Flag → Flag
Exports $8.76BRnk 5 / 215
2023
Flag → Flag
Top Product $1.3BMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag → Flag
Exports $33BRnk 2 / 158
2023
Flag → Flag
Top Product $5.19BCars
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.09Rnk 25 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
Flag
GDP GROWTH34.8%CURRENT US$
Rnk 103 / 195
2023
Flag
GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$13,790CURRENT US$
Rnk 75 / 196
2013-2023
Flag
GDP PC GROWTH22.9%CURRENT US$
Rnk 94 / 195

About

Canada-Mexico Trade: In 2023, Canada exported $8.76B to Mexico. The main products that Canada exported to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($1.3B), Reaction and Catalytic Products ($536M), and Cars ($431M). Over the past 5 years the exports of Canada to Mexico have decreased at an annualized rate of 0.27%, from $8.88B in 2018 to $8.76B in 2023.

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 2023, Mexico exported $33B to Canada. The main products that Mexico exported to Canada were Cars ($5.19B), Delivery Trucks ($3.74B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.94B). Over the past 5 years the exports of Mexico to Canada have increased at an annualized rate of 3.84%,  from $27.3B in 2018 to $33B in 2023.

In 2023, Mexico did not export any services to Canada.

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$681M and imported C$3.69B from Mexico, resulting in a negative trade balance of C$3.01B. Between November 2023 and November 2024 the exports of Canada have decreased by C$-33.6M (-4.71%) from C$715M to C$681M, while imports decreased by C$-476M (-11.4%) from C$4.16B to C$3.69B.

Trade In November 2024, the top exports of Canada to Mexico were Motor vehicles; parts and accessories (8701... (C$110M), Rapeseed (C$74.2M), Rapeseed Oil (C$35.2M), Cars (C$30.2M), and Wheat (C$27.1M). In November 2024 the top imports of Canada from Mexico were Delivery Trucks (C$401M), Cars (C$371M), Motor vehicles; parts and accessories (8701... (C$208M), Computers (C$170M), and Tractors (C$131M).

Origins In November 2024 the exports of Canada were mainly from Ontario (C$326M), Quebec (C$167M), Alberta (C$61.9M), Saskatchewan (C$59.1M), and Manitoba (C$50.9M), while imports destinations were mainly Ontario (C$2.97B), British Columbia (C$209M), Quebec (C$203M), Alberta (C$159M), and Manitoba (C$106M).

Growth In November 2024, the decrease in Canada's year-by-year exports to Mexico was explained primarily by an decrease in product exports in Refined Petroleum (C$-70.4M or -98.7%), Rapeseed (C$-28.3M or -27.6%), and Petroleum Gas (C$-22.7M or -91.6%). In November 2024, the decrease in Canada's year-by-year imports  from Mexico was explained primarily by an decrease in product imports  in Video Displays (C$-33.4M or -40.6%), Hot-Rolled Iron Bars (C$-15.1M or -91.1%), and Tropical Fruits (C$-8.95M or -24.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$-33.6M(-4.71%)
IMPORT GROWTH (November 2023 - November 2024)C$-476M(-11.4%)
MAIN EXPORTER (November 2024)OntarioC$326M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Mexico and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mexico and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $8.76B to Mexico. The main products exported from Canada to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($1.3B), Reaction and Catalytic Products ($536M), and Cars ($431M). During the last 5 years the exports of Canada to Mexico have decreased at an annualized rate of 0.27%, from $8.88B in 2018 to $8.76B in 2023.

In 2018, Mexico exported $33B to Canada. The main products exported from Mexico to Canada were Cars ($5.19B), Delivery Trucks ($3.74B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.94B). During the last 5 years the exports of Mexico to Canada have increased at an annualized rate of 3.84%, from $27.3B in 2023 to $33B in 2018.

Exports from Canada (Flag) to Mexico (Flag) (2023)

Exports from Mexico (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Mexico
Top DestinationUnited States$456B

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 2023, countries that imported more from Canada than Mexico included China ($31.1B), United Kingdom ($18B), and Japan ($13.4B).

In 2023, countries that imported more from Mexico than Canada included United States ($456B), Germany ($10.7B), and Chinese Taipei ($5.8B).

Difference in imports from Mexico (Flag) and Canada (Flag) (2023)

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 2023, Canada had a large net trade with Mexico in the exports of Transportation ($1.87B), Machines ($1.78B), and Metals ($996M).

During 2018, Mexico had a large net trade with Canada in the exports of Transportation ($13.3B), Machines ($10.7B), and Vegetable Products ($1.89B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Mexico+$252MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Mexico Canada+$475MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Mexico. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Mexico. Similarly, a dot/product with the flag of Mexico indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Mexico (Flag) (2023)

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