2023
Exports
$119MWorld Rnk 52 / 195
Flag Rnk 78 / 96
2023
PRODUCT COMPLEXITY IN Cereals
-0.28Rnk 640 / 1025
2023
Imports
$7.39BWorld Rnk 3 / 224
Flag Rnk 13 / 96
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $119M in Cereals, making it the 52nd largest exporter of Cereals in the world. At the same year, Cereals was the 78th most exported product in Mexico. The main destination of Cereals exports from Mexico are: Guatemala ($30.3M), Nigeria ($19.1M), United States ($17.5M), Peru ($14.8M), and Ecuador ($12.8M).

The fastest growing export markets for Cereals of Mexico between 2022 and 2023 were Cuba ($4.12M), Ecuador ($3.99M), and Colombia ($1.42M).

Imports In 2023, Mexico imported $7.39B in Cereals, becoming the 3rd largest importer of Cereals in the world. At the same year, Cereals was the 13th most imported product in Mexico. Mexico imports Cereals primarily from: United States ($6.25B), Brazil ($518M), Canada ($168M), Australia ($166M), and South Africa ($90.7M).

The fastest growing import markets in Cereals for Mexico between 2022 and 2023 were United States ($1.12B), Russia ($37.2M), and South Africa ($29.5M).

Latest Trends

Jan 2025

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 Cereals. 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 (2023)$119M
IMPORTS (2023)$7.39B
NET TRADE (2023)-$7.27B

In 2023, Mexico exported $119M in Cereals. The main destinations of Mexico exports on Cereals were Guatemala ($30.3M), Nigeria ($19.1M), United States ($17.5M), Peru ($14.8M), and Ecuador ($12.8M).

In 2023, Mexico imported $7.39B in Cereals, mainly from United States ($6.25B), Brazil ($518M), Canada ($168M), Australia ($166M), and South Africa ($90.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cereals EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
Cuba$4.12M (497%)
Ecuador$3.99M (45.3%)
Colombia$1.42M (104%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cereals BY Mexico WERE (2022 - 2023):
Turkey-$35.1M (-100%)
Guatemala-$18.8M (-38.3%)
El Salvador-$10.6M (-64.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mexico's main exporting competitors in Cereals were:
In 2023, Mexico's main importing competitors in Cereals were:
Japan $7.63B

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Trade Value of Cereals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $13.6M
TOP IMPORT POTENTIALBrazil+ $91.2M

Cereals’s highest export potential is United States. With an export gap of $13.6M.   Cereals’s highest import potential is Brazil with an import gap of $91.2M.

See methodology.

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