Mexico / Spain

Mexico-Spain Trade: In 2023, Mexico exported $6.04B to Spain. The main products that Mexico exported to Spain were Crude Petroleum ($3.76B), Cars ($196M), and Orthopedic Appliances ($166M). Over the past 5 years the exports of Mexico to Spain have increased at an annualized rate of 1.54%, from $5.59B in 2018 to $6.04B in 2023.

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

Spain-Mexico Trade: In 2023, Spain exported $5.34B to Mexico. The main products that Spain exported to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($423M), Cars ($234M), and Packaged Medicaments ($209M). Over the past 5 years the exports of Spain to Mexico have decreased at an annualized rate of 0.48%,  from $5.91B in 2018 to $5.34B in 2023.

In 2009, Spain exported services to Mexico worth $2.7B, with Services not allocated ($1.66B), Travel ($863M), and Transportation ($176M) 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).