Mexico (MEX) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Mexico-Canada Trade: In 2023, Mexico exported $33B to Canada. The main products that Mexico exported to Canada were N/A. 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.

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mexico exported $33B to Canada. There were not main exports from Mexico to Canada in 2023. During the last 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 2018, 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 2023 to $8.76B in 2018.

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

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

Latest Data

Trade between Mexico () and Canada ()

Mexico Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$456B

Canada
Top DestinationUnited States$410B

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

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

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

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

Comparative Advantage Mexico - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mexico had a large net trade with Canada in the exports of Transportation ($13.3B), Machines ($10.7B), and Vegetable Products ($1.89B).

During 2018, Canada had a large net trade with Mexico in the exports of Transportation ($1.87B), Machines ($1.78B), and Metals ($996M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Canada+$475MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Canada Mexico+$252MMotor 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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Bilateral Service Trade

Can Year

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.

Service trade data is presented based on availability.

Services Exports from Canada () to Mexico () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Mexico () and Canada ()

Mexico Exports

Canada Exports

Market Competitiveness

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

Comparative Advantage Mexico - Canada

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Canada () to Mexico () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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