Flag Mexico / Canada Flag

Exports Flag β†’ Flag  (2018): $18.3B, Rnk 2 / 196

Top Product Flag β†’ Flag (2018): $3.26B, Cars

Exports Flag β†’ Flag (2018): $6.99B, Rnk 5 / 212

Top Product Flag β†’ Flag (2018): $950M, Vehicle Parts

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

Economic Complexity of Flag (2018): ECI 0.98, Rnk 25 / 137

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

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

GDP Flag (2018): $1.71T, CURRENT US$
Rnk 10 / 196

GDP GROWTH Flag (2008-2018): 10.6%, CURRENT US$
Rnk 141 / 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

GDP PC Flag (2018): $46,233, CURRENT US$
Rnk 20 / 196

GDP PC GROWTH Flag (2008-2018): -0.78%, CURRENT US$
Rnk 149 / 196

Mexico-Canada: In 2018, Mexico exported $18.3B to Canada. The main products exported from Mexico to Canada were Cars ($3.26B), Vehicle Parts ($1.66B), and Delivery Trucks ($1.57B). During the last 23 years the exports of Mexico to Canada have increased at an annualized rate of 7.24%, from $3.66B in 1995 to $18.3B in 2018.

Canada-Mexico: In 2018, Canada exported $6.99B to Mexico. The main products exported from Canada to Mexico were Vehicle Parts ($950M), Rapeseed ($546M), and Petroleum Gas ($343M). During the last 23 years the exports of Canada to Mexico have increased at an annualized rate of 8.12%, from $1.16B in 1995 to $6.99B in 2018. In 2017, Canada exported services to Mexico worth $535M, with Travel ($414M), Transportation ($101M), and Government services, n.i.e. ($20M) being the largest in terms of value.

Comparison: In 2018, Mexico ranked 21 in the Economic Complexity Index (ECI 1.13), and 11 in total exports ($441B). That same year, Canada ranked 25 in the Economic Complexity Index (ECI 0.98), and 12 in total exports ($431B). In terms of GDP Per Capita, Mexico was ranked 79 with a GDP Per Capita of $9,673, and Canada was ranked 20 with a GDP Per Capita of $46,233.

Bilateral Trade by Products

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Depth
Value

In 2018, Mexico exported $18.3B to Canada. The main products exported from Mexico to Canada were Cars ($3.26B), Vehicle Parts ($1.66B), and Delivery Trucks ($1.57B). During the last 23 years the exports of Mexico to Canada have increased at an annualized rate of 7.24%, from $3.66B in 1995 to $18.3B in 2018.

In 2018, Canada exported $6.99B to Mexico. The main products exported from Canada to Mexico were Vehicle Parts ($950M), Rapeseed ($546M), and Petroleum Gas ($343M). During the last 23 years the exports of Canada to Mexico have increased at an annualized rate of 8.12%, from $1.16B in 1995 to $6.99B in 2018.

Market Competitiveness

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Measure

Mexico
Top Destination
: United States, $340B

Canada
Top Destination
: United States, $314B

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 2018, countries that imported more from Mexico than Canada were United States ($340B), Germany ($7.83B), and Colombia ($3.77B).

In 2018, countries that imported more from Canada than Mexico were China ($21.5B), United Kingdom ($12.9B), and Japan ($10.2B).

Comparative Advantage Mexico - Canada

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Depth

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

During 2018, Mexico had a large net trade with Canada in the exports of Transportation ($7.75B), Machines ($5.73B), and Vegetable Products ($780M).

During 2018, Canada had a large net trade with Mexico in the exports of Transportation ($1.34B), Machines ($1.12B), and Metals ($1.06B).

Tariff Section

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

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

In 2018, the products from Canada that paid the highest import tariffs to enter Mexico were Dairy produce: derived from milk, butter (299%) and Chocolate/cocoa food preparations nes (265%).

Explore Tariff Data

*The tariffs present between Mexico and Canada are:
136: Most Favoured Nation duty rate treatement
142: North American Free Trade Agreement (NAFTA)

Trade Forecasts

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This section shows a forecast for total trade between Mexico and Canada. 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.

Explore Forecasts

Bilateral Service Trade

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In 2017, Canada exported services to Mexico worth $535M, with Travel ($414M), Transportation ($101M), and Government services, n.i.e. ($20M) 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 Mexico has comparative advantage over Canada. Similarly, the more red a dot/product is, the more Canada has comparative advantage over Mexico.