2023
Exports
$74.4MWorld Rnk 34 / 158
Flag Rnk 373 / 1189
2023
PRODUCT COMPLEXITY IN Corn
-1.03Rnk 838 / 1025
2023
Imports
$5.8BWorld Rnk 2 / 216
Flag Rnk 12 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $74.4M in Corn, making it the 34th largest exporter of Corn in the world. At the same year, Corn was the 373rd most exported product in Mexico. The main destination of Corn exports from Mexico are: Peru ($14.8M), Guatemala ($12.9M), Ecuador ($12.7M), United States ($10.9M), and El Salvador ($5.73M).

The fastest growing export markets for Corn of Mexico between 2022 and 2023 were Cuba ($4.1M), Ecuador ($4.01M), and Cote d'Ivoire ($1.23M).

Imports In 2023, Mexico imported $5.8B in Corn, becoming the 2nd largest importer of Corn in the world. At the same year, Corn was the 12th most imported product in Mexico. Mexico imports Corn primarily from: United States ($5.27B), Brazil ($419M), South Africa ($90.7M), Argentina ($7.63M), and Chile ($5.51M).

The fastest growing import markets in Corn for Mexico between 2022 and 2023 were United States ($925M), South Africa ($29.5M), and Canada ($2.9M).

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 Corn. 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)$74.4M
IMPORTS (2023)$5.8B
NET TRADE (2023)-$5.72B

In 2023, Mexico exported $74.4M in Corn. The main destinations of Mexico exports on Corn were Peru ($14.8M), Guatemala ($12.9M), Ecuador ($12.7M), United States ($10.9M), and El Salvador ($5.73M).

In 2023, Mexico imported $5.8B in Corn, mainly from United States ($5.27B), Brazil ($419M), South Africa ($90.7M), Argentina ($7.63M), and Chile ($5.51M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Corn EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
Cuba$4.1M (5.2k%)
Ecuador$4.01M (45.9%)
Cote d'Ivoire$1.23M (150%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Corn BY Mexico WERE (2022 - 2023):
Guatemala-$15.2M (-54%)
El Salvador-$9.29M (-61.8%)
Costa Rica-$6.4M (-87.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mexico's main exporting competitors in Corn were:
In 2023, Mexico's main importing competitors in Corn were:
China $7.56B
Japan $4.52B

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Trade Value of Corn by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.02M
TOP IMPORT POTENTIALBrazil+ $127M

Corn’s highest export potential is United States. With an export gap of $8.02M.   Corn’s highest import potential is Brazil with an import gap of $127M.

See methodology.

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