Refined Petroleum in Mexico

EXPORTS (2018): $2.82B, World Rnk 38 / 198
Flag Rnk 27 / 1179

TOP DESTINATION (2018): $1.56B, United States

FASTEST GROWING MARKET (2017 - 2018): $242M, United States

IMPORTS (2018): $31.3B, World Rnk 4 / 221
Flag Rnk 1 / 1211

TOP ORIGIN (2018): $28.6B, United States

FASTEST GROWING ORIGIN (2017 - 2018): $7.82B, United States

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

PRODUCT COMPLEXITY  IN Refined Petroleum (2018): -0.97, Rnk 812 / 1018

Overview: This page contains the latest trade data of Refined Petroleum in Mexico.

Exports: In 2018, Mexico exported $2.82B in Refined Petroleum, making it the 38th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 27th most exported product in Mexico. The main destination of Refined Petroleum exports from Mexico are: United States ($1.56B), Singapore ($400M), Panama ($311M), Colombia ($249M), and Netherlands ($52.2M).

The fastest growing export markets for Refined Petroleum of Mexico between 2017 and 2018 were United States ($242M), Panama ($206M), and Singapore ($75.2M).

Imports: In 2018, Mexico imported $31.3B in Refined Petroleum, becoming the 4th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Mexico. Mexico imports Refined Petroleum primarily from: United States ($28.6B), Netherlands ($899M), China ($652M), South Korea ($264M), and Singapore ($180M).

The fastest growing import markets in Refined Petroleum for Mexico between 2017 and 2018 were United States ($7.82B), China ($486M), and South Korea ($196M).

Tariffs: In 2017, the average tariff for Mexico in Refined Petroleum was 0.13%. The countries with the highest import tariffs for Refined Petroleum were Panama (2%), Cuba (0.6%), Angola (0.15%), Burundi (0.15%), and Benin (0.15%).

Value

EXPORTS (2018): $2.82B

IMPORTS (2018): $31.3B

NET TRADE (2018): -$28.5B

In 2018, Mexico exported $2.82B in Refined Petroleum. The main destinations of Mexico exports on Refined Petroleum were United States ($1.56B), Singapore ($400M), Panama ($311M), Colombia ($249M), and Netherlands ($52.2M).

In 2018, Mexico imported $31.3B in Refined Petroleum, mainly from United States ($28.6B), Netherlands ($899M), China ($652M), South Korea ($264M), and Singapore ($180M).

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IN 2018, Mexico HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

  • Panama, $246M ($311M - $64.6M)
  • Singapore, $220M ($400M - $180M)
  • Colombia, $162M ($249M - $87.2M)

IN 2018, Mexico HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

  • United States, -$27B ($1.56B - $28.6B)
  • Netherlands, -$847M ($52.2M - $899M)
  • China, -$612M ($39.7M - $652M)
Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Mexico WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum 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 Refined Petroleum were:

In 2018, Mexico's main importing competitors in Refined Petroleum were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Refined Petroleum 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 Refined Petroleum was 0.13%.

The countries with the highest tariffs for Refined Petroleum in Mexico were Panama (2%), Cuba (0.6%), Angola (0.15%), Burundi (0.15%), and Benin (0.15%).

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