Iran (IRN) and Mexico (MEX) Trade | The Observatory of Economic Complexity

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Iran-Mexico Trade: In 2023, Iran exported $11.5k to Mexico. The main products that Iran exported to Mexico were Electrical Power Accessories ($11.5k). Over the past 5 years the exports of Iran to Mexico have decreased at an annualized rate of 67.8%, from $3.3M in 2018 to $11.5k in 2023.

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

Mexico-Iran Trade: In 2023, Mexico exported $1.23M to Iran. The main products that Mexico exported to Iran were N/A. Over the past 5 years the exports of Mexico to Iran have decreased at an annualized rate of 5.39%, from $1.62M in 2018 to $1.23M in 2023.

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

Comparison: In 2023, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iran exported $11.5k to Mexico. The main products exported from Iran to Mexico were Electrical Power Accessories ($11.5k). During the last 5 years the exports of Iran to Mexico have decreased at an annualized rate of 67.8%, from $3.3M in 2018 to $11.5k in 2023.

In 2017, Mexico exported $1.23M to Iran. There were not main exports from Mexico to Iran in 2017. During the last 5 years the exports of Mexico to Iran have decreased at an annualized rate of 5.39%, from $1.62M in 2022 to $1.23M in 2017.

Exports from Iran () to Mexico () (2023)

Exports from Mexico () to Iran () (2023)

Latest Data

Trade between Iran () and Mexico ()

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$4.59B

Mexico
Top DestinationUnited States$456B

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

In 2023, countries that imported more from Iran than Mexico included Turkey ($2.18B), Pakistan ($943M), and Armenia ($597M).

In 2023, countries that imported more from Mexico than Iran included United States ($456B), Canada ($33B), and Germany ($10.7B).

Difference in imports from Mexico () and Iran () (2023)

Comparative Advantage Iran - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iran had a large net trade with Mexico in the exports of Machines ($11.5k).

During 2017, Mexico had a large net trade with Iran in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iran Mexico+$7.29kEthylene Polymers

Top Product Potential Mexico Iran+$9.19kTelephones

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Iran () to Mexico () (2023)

Exports from Mexico () to Iran () (2023)

Latest Data

Trade between Iran () and Mexico ()

Mexico Exports

Market Competitiveness

Difference in imports from Mexico () and Iran () (2023)

Comparative Advantage Iran - Mexico

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iran () and Mexico () (2023)

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