Flag Germany / Mexico Flag

Exports Flag β†’ Flag  (2018): $17B, Rnk 21 / 216

Top Product Flag β†’ Flag (2018): $2.02B, Vehicle Parts

Exports Flag β†’ Flag (2018): $7.83B, Rnk 3 / 196

Top Product Flag β†’ Flag (2018): $4.03B, Cars

Economic Complexity of Flag (2018): ECI 1.9, Rnk 4 / 137

Economic Complexity of Flag (2018): ECI 1.13, Rnk 21 / 137

GDP Flag (2018): $3.95T, CURRENT US$
Rnk 4 / 196

GDP GROWTH Flag (2008-2018): 5.83%, CURRENT US$
Rnk 153 / 196

GDP Flag (2018): $1.22T, CURRENT US$
Rnk 15 / 196

GDP GROWTH Flag (2008-2018): 9.97%, CURRENT US$
Rnk 144 / 196

GDP PC Flag (2018): $47,603, CURRENT US$
Rnk 18 / 196

GDP PC GROWTH Flag (2008-2018): 4.79%, CURRENT US$
Rnk 131 / 196

GDP PC Flag (2018): $9,673, CURRENT US$
Rnk 79 / 196

GDP PC GROWTH Flag (2008-2018): -3.43%, CURRENT US$
Rnk 159 / 196

Germany-Mexico: In 2018, Germany exported $17B to Mexico. The main products exported from Germany to Mexico were Vehicle Parts ($2.02B), Planes, Helicopters, and/or Spacecraft ($1.37B), and Cars ($863M). During the last 23 years the exports of Germany to Mexico have increased at an annualized rate of 8.99%, from $2.34B in 1995 to $17B in 2018. In 2016, Germany exported services to Mexico worth $2.42B, with Other business services ($848M), Transportation ($797M), and Royalties and license fees ($378M) being the largest in terms of value.

Mexico-Germany: In 2018, Mexico exported $7.83B to Germany. The main products exported from Mexico to Germany were Cars ($4.03B), Vehicle Parts ($358M), and Computers ($256M). During the last 23 years the exports of Mexico to Germany have increased at an annualized rate of 11.1%, from $692M in 1995 to $7.83B in 2018.

Comparison: In 2018, Germany ranked 4 in the Economic Complexity Index (ECI 1.9), and 2 in total exports ($1.5T). That same year, Mexico ranked 21 in the Economic Complexity Index (ECI 1.13), and 11 in total exports ($441B). In terms of GDP Per Capita, Germany was ranked 18 with a GDP Per Capita of $47,603, and Mexico was ranked 79 with a GDP Per Capita of $9,673.

Bilateral Trade by Products

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Depth
Value

In 2018, Germany exported $17B to Mexico. The main products exported from Germany to Mexico were Vehicle Parts ($2.02B), Planes, Helicopters, and/or Spacecraft ($1.37B), and Cars ($863M). During the last 23 years the exports of Germany to Mexico have increased at an annualized rate of 8.99%, from $2.34B in 1995 to $17B in 2018.

In 2018, Mexico exported $7.83B to Germany. The main products exported from Mexico to Germany were Cars ($4.03B), Vehicle Parts ($358M), and Computers ($256M). During the last 23 years the exports of Mexico to Germany have increased at an annualized rate of 11.1%, from $692M in 1995 to $7.83B in 2018.

Market Competitiveness

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Measure

Germany
Top Destination
: United States, $132B

Mexico
Top Destination
: United States, $340B

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

In 2018, countries that imported more from Germany than Mexico were France ($121B), China ($109B), and Netherlands ($93.6B).

In 2018, countries that imported more from Mexico than Germany were United States ($340B), Canada ($18.3B), and Colombia ($3.77B).

Comparative Advantage Germany - Mexico

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Depth

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

During 2018, Germany had a large net trade with Mexico in the exports of Machines ($6.11B), Transportation ($4.51B), and Chemical Products ($1.8B).

During 2018, Mexico had a large net trade with Germany in the exports of Transportation ($4.46B), Machines ($1.69B), and Instruments ($492M).

Tariff Section

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

In 2017, the products from Germany that paid the highest import tariffs to enter Mexico were Whey (173%) and Meat and edible meat offal: salted, in brine, dried or smoked: edible flours, meals of meat or meat offal, of whales, dolphins, porpoises (of order Cetacea): manatees, dugongs (of order Sirenia): seals, sea lions, and walruses (of suborder Pinnipedia) (141%).

In 2017, the products from Mexico that paid the highest import tariffs to enter Germany 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%).

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*The tariffs present between Germany and Mexico are:
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement
270: Preferential tariff for Mexico

Trade Forecasts

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This section shows a forecast for total trade between Germany and Mexico. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Bilateral Service Trade

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In 2016, Germany exported services to Mexico worth $2.42B, with Other business services ($848M), Transportation ($797M), and Royalties and license fees ($378M) 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 Germany has comparative advantage over Mexico. Similarly, the more red a dot/product is, the more Mexico has comparative advantage over Germany.