Mexico (MEX) and United States (USA) Trade

About

Mexico-United States: In 2018, Mexico exported $340B to United States. The main products exported from Mexico to United States were Cars ($34.8B), Computers ($26.3B), and Vehicle Parts ($25B). During the last 23 years the exports of Mexico to United States have increased at an annualized rate of 7.67%, from $62.1B in 1995 to $340B in 2018.

United States-Mexico: In 2018, United States exported $237B to Mexico. The main products exported from United States to Mexico were Refined Petroleum ($28.6B), Vehicle Parts ($16.6B), and Office Machine Parts ($11.4B). During the last 23 years the exports of United States to Mexico have increased at an annualized rate of 7.06%, from $49.3B in 1995 to $237B in 2018. In 2011, United States exported services to Mexico worth $21.7B, with Travel ($13.4B), Transportation ($4.09B), and Royalties and license fees ($3.05B) 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, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). In terms of GDP Per Capita, Mexico was ranked 79 with a GDP Per Capita of $9,673, and United States was ranked 10 with a GDP Per Capita of $62,795.

Product Trade

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Bilateral Trade by Products

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Depth

Value

Year

In 2018, Mexico exported $340B to United States. The main products exported from Mexico to United States were Cars ($34.8B), Computers ($26.3B), and Vehicle Parts ($25B). During the last 23 years the exports of Mexico to United States have increased at an annualized rate of 7.67%, from $62.1B in 1995 to $340B in 2018.

In 2018, United States exported $237B to Mexico. The main products exported from United States to Mexico were Refined Petroleum ($28.6B), Vehicle Parts ($16.6B), and Office Machine Parts ($11.4B). During the last 23 years the exports of United States to Mexico have increased at an annualized rate of 7.06%, from $49.3B in 1995 to $237B in 2018.

Monthly Trade

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Date

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Date

Market Competitiveness

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Measure

SectionYear

Mexico
Top Destination: United States, $340B

United States
Top Destination: Mexico, $237B

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

In 2018, countries that imported more from Mexico than United States were Cuba ($418M), Guam ($1.4M), and Northern Mariana Islands ($52.9k).

In 2018, countries that imported more from United States than Mexico were Canada ($190B), China ($119B), and Japan ($73.5B).

Comparative Advantage Mexico - United States

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Year

Depth

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

During 2018, Mexico had a large net trade with United States in the exports of Machines ($136B), Transportation ($95.5B), and Instruments ($16.9B).

During 2018, United States had a large net trade with Mexico in the exports of Machines ($75.5B), Mineral Products ($37.6B), and Transportation ($23.1B).

Tariff Section

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Tariffs

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

In 2017, the products from Mexico that paid the highest import tariffs to enter United States were Footwear, rubber, plastic, straps fix to sole by plug (30%) and Sports footwear, sole rubber or plastic, upper textil (26.7%).

In 2018, the products from United States that paid the highest import tariffs to enter Mexico were Ground-nuts otherwise prepared or preserved (65.9%) and Yogurt (20%).

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

Forecasts

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Trade Forecasts

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

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Service Trade

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Bilateral Service Trade

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Usa Year

In 2011, United States exported services to Mexico worth $21.7B, with Travel ($13.4B), Transportation ($4.09B), and Royalties and license fees ($3.05B) 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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Year

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 United States. Similarly, the more red a dot/product is, the more United States has comparative advantage over Mexico.

About

Product Trade

Bilateral Trade by Products

Monthly Trade

Market Competitiveness

Comparative Advantage Mexico - United States

Tariff Section

Tariffs

Forecasts

Trade Forecasts

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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