Flag Japan / Mexico Flag

Exports Flag β†’ Flag  (2018): $12.8B, Rnk 13 / 207

Top Product Flag β†’ Flag (2018): $1.89B, Vehicle Parts

Exports Flag β†’ Flag (2018): $4.75B, Rnk 5 / 196

Top Product Flag β†’ Flag (2018): $696M, Crude Petroleum

Economic Complexity of Flag (2018): ECI 2.17, Rnk 1 / 137

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

Japan-Mexico: In 2018, Japan exported $12.8B to Mexico. The main products exported from Japan to Mexico were Vehicle Parts ($1.89B), Cars ($1.2B), and Flat Flat-Rolled Steel ($488M). During the last 23 years the exports of Japan to Mexico have increased at an annualized rate of 5.97%, from $3.37B in 1995 to $12.8B in 2018. In 2009, Japan exported services to Mexico worth $1.19B, with Services not allocated ($594M), Royalties and license fees ($251M), and Construction services ($134M) being the largest in terms of value.

Mexico-Japan: In 2018, Mexico exported $4.75B to Japan. The main products exported from Mexico to Japan were Crude Petroleum ($696M), Pig Meat ($414M), and Vehicle Parts ($413M). During the last 23 years the exports of Mexico to Japan have increased at an annualized rate of 5.28%, from $1.46B in 1995 to $4.75B in 2018.

Comparison: In 2018, Japan ranked 1 in the Economic Complexity Index (ECI 2.17), and 4 in total exports ($713B). That same year, Mexico ranked 21 in the Economic Complexity Index (ECI 1.13), and 11 in total exports ($441B). N/A

Bilateral Trade by Products

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Depth
Value

In 2018, Japan exported $12.8B to Mexico. The main products exported from Japan to Mexico were Vehicle Parts ($1.89B), Cars ($1.2B), and Flat Flat-Rolled Steel ($488M). During the last 23 years the exports of Japan to Mexico have increased at an annualized rate of 5.97%, from $3.37B in 1995 to $12.8B in 2018.

In 2018, Mexico exported $4.75B to Japan. The main products exported from Mexico to Japan were Crude Petroleum ($696M), Pig Meat ($414M), and Vehicle Parts ($413M). During the last 23 years the exports of Mexico to Japan have increased at an annualized rate of 5.28%, from $1.46B in 1995 to $4.75B in 2018.

Market Competitiveness

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Measure

Japan
Top Destination
: China, $139B

Mexico
Top Destination
: United States, $340B

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

In 2018, countries that imported more from Japan than Mexico were China ($139B), South Korea ($51.5B), and Chinese Taipei ($41.1B).

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

Comparative Advantage Japan - Mexico

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Depth

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

During 2018, Japan had a large net trade with Mexico in the exports of Machines ($5.16B), Transportation ($3.58B), and Metals ($2.16B).

During 2018, Mexico had a large net trade with Japan in the exports of Mineral Products ($1.17B), Machines ($1.09B), and Animal Products ($629M).

Tariff Section

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

In 2018, the products from Japan that paid the highest import tariffs to enter Mexico were Glucose including syrup of 20%-50% dry weight fructos (43.3%) and Fructose, syrup > 50% fructose, not pure fructose (43.3%).

In 2017, the products from Mexico that paid the highest import tariffs to enter Japan 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 Japan and Mexico are:
130: Japan Generalized System of Preference
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 Japan 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 2009, Japan exported services to Mexico worth $1.19B, with Services not allocated ($594M), Royalties and license fees ($251M), and Construction services ($134M) 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 Japan has comparative advantage over Mexico. Similarly, the more red a dot/product is, the more Mexico has comparative advantage over Japan.