Mexico (MEX) and China (CHN) Trade | The Observatory of Economic Complexity

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Mexico-China Trade: In 2023, Mexico exported $15B to China. The main products that Mexico exported to China were Copper Ore ($3B), Integrated Circuits ($1.69B), and Precious Metal Ore ($1.6B). Over the past 5 years the exports of Mexico to China have increased at an annualized rate of 4.97%, from $11.8B in 2018 to $15B in 2023.

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

China-Mexico Trade: In 2023, China exported $104B to Mexico. The main products that China exported to Mexico were Broadcasting Equipment ($10.9B), Office Machine Parts ($5.55B), and Cars ($4.47B). Over the past 5 years the exports of China to Mexico have increased at an annualized rate of 6.25%, from $76.6B in 2018 to $104B in 2023.

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

Comparison: In 2023, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B). That same year, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mexico exported $15B to China. The main products exported from Mexico to China were Copper Ore ($3B), Integrated Circuits ($1.69B), and Precious Metal Ore ($1.6B). During the last 5 years the exports of Mexico to China have increased at an annualized rate of 4.97%, from $11.8B in 2018 to $15B in 2023.

In 2018, China exported $104B to Mexico. The main products exported from China to Mexico were Broadcasting Equipment ($10.9B), Office Machine Parts ($5.55B), and Cars ($4.47B). During the last 5 years the exports of China to Mexico have increased at an annualized rate of 6.25%, from $76.6B in 2023 to $104B in 2018.

Exports from Mexico () to China () (2023)

Exports from China () to Mexico () (2023)

Latest Data

Trade between Mexico () and China ()

Mexico Exports

Date

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$456B

China
Top DestinationUnited States$436B

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

In 2023, countries that imported more from Mexico than China included United States ($456B) and Guam ($1.18k).

In 2023, countries that imported more from China than Mexico included Hong Kong ($259B), Japan ($169B), and Germany ($164B).

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

Comparative Advantage Mexico - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mexico had a large net trade with China in the exports of Mineral Products ($6.13B), Machines ($4.17B), and Instruments ($1.79B).

During 2018, China had a large net trade with Mexico in the exports of Machines ($58.6B), Transportation ($11.5B), and Metals ($7.81B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico China+$891MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential China Mexico+$1.05BIntegrated Circuits

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mexico () to China () (2023)

Exports from China () to Mexico () (2023)

Latest Data

Trade between Mexico () and China ()

Mexico Exports

China Exports

Market Competitiveness

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

Comparative Advantage Mexico - China

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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