Flag Mexico / Canada Flag

2021
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Exports
: $17.4B, Rnk 2 / 152

2021
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Top Product
: $2.87B, Cars

2021
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Exports
: $7.14B, Rnk 5 / 218

2021
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Top Product
: $862M, Rapeseed

2021
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Economic Complexity (ECI)
: ECI 1.09, Rnk 23 / 131

2021
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Economic Complexity (ECI)
: ECI 0.9, Rnk 32 / 131

2021
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GDP
: $1.29T, CURRENT US$
Rnk 15 / 182

2011-2021
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GDP GROWTH
: 9.53%, CURRENT US$
Rnk 132 / 182

2021
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 GDP
: $1.99T, CURRENT US$
Rnk 9 / 182

2011-2021
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GDP GROWTH
: 11%, CURRENT US$
Rnk 127 / 182

2021
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GDP PC 
: $9,926, CURRENT US$
Rnk 67 / 182

2011-2021
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GDP PC GROWTH
: -2.71%, CURRENT US$
Rnk 133 / 182

2021
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GDP PC
: $52,051, CURRENT US$
Rnk 16 / 182

2011-2021
Flag
GDP PC GROWTH
: -0.33%, CURRENT US$
Rnk 125 / 182

Mexico-Canada In 2021, Mexico exported $17.4B to Canada. The main products that Mexico exported to Canada are Cars ($2.87B), Delivery Trucks ($1.79B), and Motor vehicles; parts and accessories (8701 to 8705) ($801M). During the last 26 years the exports of Mexico to Canada have increased at an annualized rate of 7.18%, from $2.87B in 1995 to $17.4B in 2021.

In 2021, Mexico did not export any services to Canada.

Canada-Mexico In 2021, Canada exported $7.14B to Mexico. The main products that Canada exported to Mexico were Rapeseed ($862M), Motor vehicles; parts and accessories (8701 to 8705) ($842M), and Petroleum Gas ($584M). During the last 26 years the exports of Canada to Mexico have increased at an annualized rate of 7.45%, from $1.1B in 1995 to $7.14B in 2021.

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 2021,  Mexico ranked 23 in the Economic Complexity Index (ECI 1.09), and 12 in total exports ($474B). That same year, Canada ranked 32 in the Economic Complexity Index (ECI 0.9), and 9 in total exports ($484B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Mexico exported $17.4B to Canada. The main products exported from Mexico to Canada were Cars ($2.87B), Delivery Trucks ($1.79B), and Motor vehicles; parts and accessories (8701 to 8705) ($801M). During the last 26 years the exports of Mexico to Canada have increased at an annualized rate of 7.18%, from $2.87B in 1995 to $17.4B in 2021.

In 2021, Canada exported $7.14B to Mexico. The main products exported from Canada to Mexico were Rapeseed ($862M), Motor vehicles; parts and accessories (8701 to 8705) ($842M), and Petroleum Gas ($584M). During the last 26 years the exports of Canada to Mexico have increased at an annualized rate of 7.45%, from $1.1B in 1995 to $7.14B in 2021.

Mexico Exports

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Canada Exports

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Market Competitiveness

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Color

Mexico
Top Destination
: United States, $361B

Canada
Top Destination
: United States, $355B

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 2021, countries that imported more from Mexico than Canada were Chinese Taipei ($8.05B), United States ($361B), and Spain ($4.69B).

In 2021, countries that imported more from Canada than Mexico were China ($22.5B), United Kingdom ($11.8B), and Japan ($11.9B).

Comparative Advantage Mexico - Canada

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Flow
Scale

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

During 2021, Mexico had a large net trade with Canada in the exports of Transportation ($6.55B), Machines ($5.22B), and Vegetable Products ($1.01B).

During 2021, Canada had a large net trade with Mexico in the exports of Vegetable Products ($1.22B), Transportation ($1.18B), and Metals ($985M).

Bilateral Service Trade

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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.

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 yellow.  This mean that the more blue a dot/product is, the more Mexico has comparative advantage over Canada. Similarly, the more yellow a dot/product is, the more Canada has comparative advantage over Mexico.