2022
Exports
$48.4BWorld Rnk 5 / 210
Flag Rnk 1 / 1193
2022
PRODUCT COMPLEXITY IN Cars
0.9Rnk 207 / 1025
2022
Imports
$11.4BWorld Rnk 16 / 224
Flag Rnk 7 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $48.4B in Cars, making it the 5th largest exporter of Cars in the world. At the same year, Cars was the 1st most exported product in Mexico. The main destination of Cars exports from Mexico are: United States ($34.1B), Germany ($3.61B), Canada ($3.59B), Belgium ($1.15B), and United Kingdom ($911M).

The fastest growing export markets for Cars of Mexico between 2021 and 2022 were United States ($7.25B), United Kingdom ($743M), and Canada ($605M).

Imports In 2022, Mexico imported $11.4B in Cars, becoming the 16th largest importer of Cars in the world. At the same year, Cars was the 7th most imported product in Mexico. Mexico imports Cars primarily from: United States ($3.35B), China ($2.23B), Japan ($1.12B), India ($941M), and Brazil ($685M).

The fastest growing import markets in Cars for Mexico between 2021 and 2022 were China ($1.43B), United States ($606M), and Japan ($314M).

COMPANIES In 2023, leading companies such as Volkswagen (321), General Motors (166), and Mazda (116) were at the forefront of shipping Cars from Mexico to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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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 Cars. 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)$48.4B
IMPORTS (2022)$11.4B
NET TRADE (2022)$37B

In 2022, Mexico exported $48.4B in Cars. The main destinations of Mexico exports on Cars were United States ($34.1B), Germany ($3.61B), Canada ($3.59B), Belgium ($1.15B), and United Kingdom ($911M).

In 2022, Mexico imported $11.4B in Cars, mainly from United States ($3.35B), China ($2.23B), Japan ($1.12B), India ($941M), and Brazil ($685M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$7.25B (27%)
United Kingdom$743M (441%)
Canada$605M (20.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Mexico WERE (2021 - 2022):
Germany-$858M (-19.2%)
Belgium-$380M (-24.9%)
Russia-$371M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Cars were:
In 2022, Mexico's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.31B
TOP IMPORT POTENTIALUnited States+ $850M

Cars’s highest export potential is United States. With an export gap of $4.31B.   Cars’s highest import potential is United States with an import gap of $850M.

See methodology.

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