2022
Exports
$6.1BWorld Rnk 3 / 198
Flag Rnk 13 / 1193
2022
PRODUCT COMPLEXITY IN Air Conditioners
0.55Rnk 346 / 1025
2022
Imports
$1.51BWorld Rnk 7 / 224
Flag Rnk 73 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $6.1B in Air Conditioners, making it the 3rd largest exporter of Air Conditioners in the world. At the same year, Air Conditioners was the 13th most exported product in Mexico. The main destination of Air Conditioners exports from Mexico are: United States ($5.85B), Canada ($145M), China ($27.5M), United Arab Emirates ($19.7M), and Kuwait ($8.78M).

The fastest growing export markets for Air Conditioners of Mexico between 2021 and 2022 were United States ($1.04B), China ($25.3M), and Kuwait ($4.22M).

Imports In 2022, Mexico imported $1.51B in Air Conditioners, becoming the 7th largest importer of Air Conditioners in the world. At the same year, Air Conditioners was the 73rd most imported product in Mexico. Mexico imports Air Conditioners primarily from: China ($888M), United States ($478M), South Korea ($45.5M), Germany ($17.2M), and Thailand ($13.5M).

The fastest growing import markets in Air Conditioners for Mexico between 2021 and 2022 were China ($129M), United States ($78M), and South Korea ($12.8M).

COMPANIES In 2023, leading companies such as Ford Motor Company (2.18k), General Motors (440), and Robert Bosch (286) were at the forefront of shipping Air Conditioners from Mexico to the United States.

Latest Trends

Sep 2024

Subnational Monthly Trade

View
Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Air Conditioners. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.1B
IMPORTS (2022)$1.51B
NET TRADE (2022)$4.58B

In 2022, Mexico exported $6.1B in Air Conditioners. The main destinations of Mexico exports on Air Conditioners were United States ($5.85B), Canada ($145M), China ($27.5M), United Arab Emirates ($19.7M), and Kuwait ($8.78M).

In 2022, Mexico imported $1.51B in Air Conditioners, mainly from China ($888M), United States ($478M), South Korea ($45.5M), Germany ($17.2M), and Thailand ($13.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Air Conditioners EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$1.04B (21.6%)
China$25.3M (1.13k%)
Kuwait$4.22M (92.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Air Conditioners BY Mexico WERE (2021 - 2022):
Canada-$22.2M (-13.2%)
Saudi Arabia-$8.81M (-81.8%)
United Arab Emirates-$8.18M (-29.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Air Conditioners were:
China $23.1B
In 2022, Mexico's main importing competitors in Air Conditioners were:

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Trade Value of Air Conditioners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $46.4M
TOP IMPORT POTENTIALThailand+ $26.6M

Air Conditioners’s highest export potential is Canada. With an export gap of $46.4M.   Air Conditioners’s highest import potential is Thailand with an import gap of $26.6M.

See methodology.

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