Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof in Mexico

EXPORTS (2018): $118B, World Rnk 3 / 222
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TOP DESTINATION (2018): $92.9B, United States

FASTEST GROWING MARKET (2017 - 2018): $9.47B, United States

IMPORTS (2018): $43B, World Rnk 10 / 221
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TOP ORIGIN (2018): $21.8B, United States

FASTEST GROWING ORIGIN (2017 - 2018): $1.52B, United States

ECONOMIC COMPLEXITY of Mexico (2018): 1.13, Rnk 21 / 137

PRODUCT COMPLEXITY  IN Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof (2018): 1.32, Rnk 10 / 96

Overview: This page contains the latest trade data of Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof in Mexico.

Exports: In 2018, Mexico exported $118B in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof, making it the 3rd largest exporter of Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof in the world. At the same year, Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof was the 1st most exported product in Mexico. The main destination of Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof exports from Mexico are: United States ($92.9B), Canada ($7.43B), Germany ($4.4B), Brazil ($1.9B), and China ($1.53B).

The fastest growing export markets for Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof of Mexico between 2017 and 2018 were United States ($9.47B), Brazil ($508M), and China ($377M).

Imports: In 2018, Mexico imported $43B in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof, becoming the 10th largest importer of Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof in the world. At the same year, Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof was the 3rd most imported product in Mexico. Mexico imports Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof primarily from: United States ($21.8B), China ($3.77B), Japan ($3.58B), Germany ($3.12B), and South Korea ($1.9B).

The fastest growing import markets in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof for Mexico between 2017 and 2018 were United States ($1.52B), China ($772M), and Germany ($280M).

Tariffs: In 2017, the average tariff for Mexico in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof was 7%. The countries with the highest import tariffs for Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof were Brazil (12.5%), Uruguay (10.8%), Venezuela (10.1%), Cuba (9.9%), and Argentina (9.78%).

Value

EXPORTS (2018): $118B

IMPORTS (2018): $43B

NET TRADE (2018): $75.3B

In 2018, Mexico exported $118B in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof. The main destinations of Mexico exports on Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof were United States ($92.9B), Canada ($7.43B), Germany ($4.4B), Brazil ($1.9B), and China ($1.53B).

In 2018, Mexico imported $43B in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof, mainly from United States ($21.8B), China ($3.77B), Japan ($3.58B), Germany ($3.12B), and South Korea ($1.9B).

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IN 2018, Mexico HAD A POSITIVE NET TRADE IN Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof WITH:

  • United States, $71.1B ($92.9B - $21.8B)
  • Canada, $6.35B ($7.43B - $1.08B)
  • Germany, $1.28B ($4.4B - $3.12B)

IN 2018, Mexico HAD A NEGATIVE NET TRADE IN Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof WITH:

  • Japan, -$3B ($574M - $3.58B)
  • China, -$2.25B ($1.53B - $3.77B)
  • India, -$1.61B ($114M - $1.73B)
Flow

THE FASTEST GROWING Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof EXPORT MARKETS FOR Mexico WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof BY Mexico WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Mexico's main exporting competitors in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof were:

In 2018, Mexico's main importing competitors in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof in Mexico. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2017, the average tariff for Mexico in Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof was 7%.

The countries with the highest tariffs for Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof in Mexico were Brazil (12.5%), Uruguay (10.8%), Venezuela (10.1%), Cuba (9.9%), and Argentina (9.78%).

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