2023
Exports
$220MWorld Rnk 10 / 183
Flag Rnk 233 / 1189
2023
PRODUCT COMPLEXITY IN Compasses
0.63Rnk 316 / 1025
2023
Imports
$147MWorld Rnk 15 / 217
Flag Rnk 385 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $220M in Compasses, making it the 10th largest exporter of Compasses in the world. At the same year, Compasses was the 233rd most exported product in Mexico. The main destination of Compasses exports from Mexico are: United States ($156M), Netherlands ($12.2M), United Kingdom ($9.3M), Australia ($7.36M), and Brazil ($6.89M).

The fastest growing export markets for Compasses of Mexico between 2022 and 2023 were Netherlands ($10.8M), Brazil ($4.05M), and United Kingdom ($3.44M).

Imports In 2023, Mexico imported $147M in Compasses, becoming the 15th largest importer of Compasses in the world. At the same year, Compasses was the 385th most imported product in Mexico. Mexico imports Compasses primarily from: United States ($63.4M), Chinese Taipei ($45.9M), Netherlands ($30.3M), China ($3.01M), and Japan ($755k).

The fastest growing import markets in Compasses for Mexico between 2022 and 2023 were Netherlands ($15.8M), United States ($14.1M), and Italy ($365k).

Latest Trends

Dec 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 Compasses. 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)$220M
IMPORTS (2023)$147M
NET TRADE (2023)$72.9M

In 2023, Mexico exported $220M in Compasses. The main destinations of Mexico exports on Compasses were United States ($156M), Netherlands ($12.2M), United Kingdom ($9.3M), Australia ($7.36M), and Brazil ($6.89M).

In 2023, Mexico imported $147M in Compasses, mainly from United States ($63.4M), Chinese Taipei ($45.9M), Netherlands ($30.3M), China ($3.01M), and Japan ($755k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
Netherlands$10.8M (768%)
Brazil$4.05M (143%)
United Kingdom$3.44M (58.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY Mexico WERE (2022 - 2023):
United States-$22M (-12.4%)
Canada-$3.53M (-45%)
Australia-$1.83M (-19.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mexico's main exporting competitors in Compasses were:
In 2023, Mexico's main importing competitors in Compasses were:

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Trade Value of Compasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.9M
TOP IMPORT POTENTIALUnited States+ $7.43M

Compasses’s highest export potential is United States. With an export gap of $12.9M.   Compasses’s highest import potential is United States with an import gap of $7.43M.

See methodology.

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