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2023
Flag → Flag
Exports $16.7BRnk 11 / 211
2023
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Top Product $1.75BMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag → Flag
Exports $4.57BRnk 9 / 158
2023
Flag → Flag
Top Product $516MPig Meat
2023
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
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Economic Complexity (ECI) ECI 1.09Rnk 25 / 132
2023
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GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
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GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 195
2023
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 GDP$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
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GDP GROWTH34.8%CURRENT US$
Rnk 103 / 195
2023
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GDP PC $33,767CURRENT US$
Rnk 38 / 195
2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195
2023
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GDP PC$13,790CURRENT US$
Rnk 75 / 196
2013-2023
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GDP PC GROWTH22.9%CURRENT US$
Rnk 94 / 195

About

Japan-Mexico Trade: In 2023, Japan exported $16.7B to Mexico. The main products that Japan exported to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($1.75B), Cars ($1.67B), and Flat Flat-Rolled Steel ($589M). Over the past 5 years the exports of Japan to Mexico have increased at an annualized rate of 0.41%, from $16.4B in 2018 to $16.7B in 2023.

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 Trade: In 2023, Mexico exported $4.57B to Japan. The main products that Mexico exported to Japan were Pig Meat ($516M), Cars ($479M), and Broadcasting Equipment ($260M). Over the past 5 years the exports of Mexico to Japan have decreased at an annualized rate of 5.93%,  from $6.21B in 2018 to $4.57B in 2023.

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

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). 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, Japan exported ¥140B and imported ¥69.3B from Mexico, resulting in a positive trade balance of ¥70.6B. Between November 2023 and November 2024 the exports of Japan have decreased by ¥-14.8B (-9.57%) from ¥155B to ¥140B, while imports increased by ¥5.55B (8.7%) from ¥63.7B to ¥69.3B.

Trade In November 2024, the top exports of Japan to Mexico were Cars (¥16.6B), Motor vehicles; parts and accessories (8701... (¥12.7B), Refined Petroleum (¥8.63B), Flat Flat-Rolled Steel (¥5.78B), and Commodities not elsewhere specified (¥4.51B). In November 2024 the top imports of Japan from Mexico were Medical Instruments (¥6.53B), Pig Meat (¥5.29B), Computers (¥3.39B), Motor vehicles; parts and accessories (8701... (¥3.29B), and Telephones (¥2.98B).

Origins In November 2024 the exports of Japan were mainly from Aichi (¥26.3B), Kanagawa (¥22.5B), Fukuoka (¥16.8B), Hiroshima (¥15.6B), and Chiba (¥14.7B), while imports destinations were mainly Chiba (¥22.7B), Tokyo (¥18.5B), Kanagawa (¥8.6B), Osaka (¥5.61B), and Aichi (¥5.43B).

Growth In November 2024, the decrease in Japan's year-by-year exports to Mexico was explained primarily by an decrease in product exports in Coated Flat-Rolled Iron (¥-1.99B or -43.6%), Electric Batteries (¥-1.03B or -58.9%), and Flat Flat-Rolled Steel (¥-860M or -13%). In November 2024, the increase in Japan's year-by-year imports  from Mexico was explained primarily by an increase in product imports  in Medical Instruments (¥639M or 10.8%), Insulated Wire (¥401M or 107%), and Transmissions (¥368M or 124%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)¥-14.8B(-9.57%)
IMPORT GROWTH (November 2023 - November 2024)¥5.55B(8.7%)
MAIN EXPORTER (November 2024)Aichi¥26.3B

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

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

For full datasets download visit Bulk Download page.

Explore Mexico and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Japan exported $16.7B to Mexico. The main products exported from Japan to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($1.75B), Cars ($1.67B), and Flat Flat-Rolled Steel ($589M). During the last 5 years the exports of Japan to Mexico have increased at an annualized rate of 0.41%, from $16.4B in 2018 to $16.7B in 2023.

In 2018, Mexico exported $4.57B to Japan. The main products exported from Mexico to Japan were Pig Meat ($516M), Cars ($479M), and Broadcasting Equipment ($260M). During the last 5 years the exports of Mexico to Japan have decreased at an annualized rate of 5.93%, from $6.21B in 2023 to $4.57B in 2018.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Mexico
Top DestinationUnited States$456B

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 2023, countries that imported more from Japan than Mexico included China ($138B), South Korea ($42.7B), and Chinese Taipei ($43B).

In 2023, countries that imported more from Mexico than Japan included United States ($456B), Canada ($33B), and Guatemala ($3.2B).

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

Comparative Advantage Japan - Mexico

Flow
Scale

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

During 2023, Japan had a large net trade with Mexico in the exports of Machines ($7.32B), Transportation ($3.94B), and Metals ($2.62B).

During 2018, Mexico had a large net trade with Japan in the exports of Machines ($1.57B), Transportation ($750M), and Animal Products ($693M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Mexico+$456MCars
Top Product Potential Mexico Japan+$408MCrude Petroleum

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 Japan and Mexico. This means that a dot/product with the flag of Japan indicates it has a comparative advantage over Mexico. Similarly, a dot/product with the flag of Mexico indicates it has a comparative advantage over Japan.

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

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