2022
Flag  
GDP
$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
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GDP GROWTH
17.7%CURRENT US$
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2022
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 GDP
$2.14TCURRENT US$
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2012-2022
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GDP GROWTH
17%CURRENT US$
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2022
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GDP PC 
$11,091CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
6.89%CURRENT US$
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2022
Flag
GDP PC
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
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About

Mexico-Canada In 2022, Mexico exported $22.2B to Canada. The main products that Mexico exported to Canada are Cars ($3.59B), Delivery Trucks ($2.72B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.19B). During the last 27 years the exports of Mexico to Canada have increased at an annualized rate of 7.81%, from $2.92B in 1995 to $22.2B in 2022.

In 2022, Mexico did not export any services to Canada.

Canada-Mexico In 2022, Canada exported $7.39B to Mexico. The main products that Canada exported to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($1B), Rapeseed ($876M), and Rapeseed Oil ($326M). During the last 27 years the exports of Canada to Mexico have increased at an annualized rate of 7.29%, from $1.1B in 1995 to $7.39B in 2022.

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 2022,  Mexico ranked 21 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.85), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mexico exported $22.2B to Canada. The main products exported from Mexico to Canada were Cars ($3.59B), Delivery Trucks ($2.72B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.19B). During the last 27 years the exports of Mexico to Canada have increased at an annualized rate of 7.81%, from $2.92B in 1995 to $22.2B in 2022.

In 2022, Canada exported $7.39B to Mexico. The main products exported from Canada to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($1B), Rapeseed ($876M), and Rapeseed Oil ($326M). During the last 27 years the exports of Canada to Mexico have increased at an annualized rate of 7.29%, from $1.1B in 1995 to $7.39B in 2022.

Exports from Mexico (Flag) to Canada (Flag) (2022)

Exports from Canada (Flag) to Mexico (Flag) (2022)

Latest Data

Trade between Mexico (Flag) and Canada (Flag)

Mexico Exports

Canada Exports

Market Competitiveness

Color
Mexico
Top Destination
United States$421B
Canada
Top Destination
United States$438B

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 ($7.86B), Spain ($5.41B), and Guatemala ($2.86B).

In 2021, countries that imported more from Canada than Mexico were United States ($438B), China ($25.4B), and Japan ($14.3B).

Difference in imports from Canada (Flag) and Mexico (Flag) (2022)

Comparative Advantage Mexico - Canada

Flow
Scale

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

During 2022, Mexico had a large net trade with Canada in the exports of Transportation ($9.17B), Machines ($6.41B), and Vegetable Products ($1.09B).

During 2022, Canada had a large net trade with Mexico in the exports of Transportation ($1.51B), Vegetable Products ($1.23B), and Metals ($1.01B).

Service Trade

Bilateral Service Trade

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 (Flag) to Mexico (Flag) (2020)

Economic Complexity

Competitive Landscape

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.

Product Space of Mexico (Flag) and Canada (Flag) (2022)

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