2022
Exports
$38.2BWorld Rnk 13 / 149
Flag Rnk 3 / 1193
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$115kWorld Rnk 106 / 158
Flag Rnk 1171 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $38.2B in Crude Petroleum, making it the 13th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 3rd most exported product in Mexico. The main destination of Crude Petroleum exports from Mexico are: United States ($21.2B), Chinese Taipei ($6.74B), India ($3.36B), South Korea ($3.31B), and Spain ($3.26B).

The fastest growing export markets for Crude Petroleum of Mexico between 2021 and 2022 were United States ($16.2B), South Korea ($431M), and Spain ($306M).

Imports In 2022, Mexico imported $115k in Crude Petroleum, becoming the 106th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1171st most imported product in Mexico. Mexico imports Crude Petroleum primarily from: Spain ($85.8k), United Kingdom ($12.8k), Singapore ($12.5k), Sweden ($2.37k), and United States ($618).

The fastest growing import markets in Crude Petroleum for Mexico between 2021 and 2022 were Spain ($84.3k), United Kingdom ($12.8k), and Singapore ($12.5k).

Latest Trends

Oct 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 Crude Petroleum. 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)$38.2B
IMPORTS (2022)$115k
NET TRADE (2022)$38.2B

In 2022, Mexico exported $38.2B in Crude Petroleum. The main destinations of Mexico exports on Crude Petroleum were United States ($21.2B), Chinese Taipei ($6.74B), India ($3.36B), South Korea ($3.31B), and Spain ($3.26B).

In 2022, Mexico imported $115k in Crude Petroleum, mainly from Spain ($85.8k), United Kingdom ($12.8k), Singapore ($12.5k), Sweden ($2.37k), and United States ($618).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$16.2B (328%)
South Korea$431M (15%)
Spain$306M (10.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Mexico WERE (2021 - 2022):
Chinese Taipei-$431M (-6.01%)
China-$149M (-100%)
United Arab Emirates-$8.83k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $2.97B
TOP IMPORT POTENTIALSpain+ $59.6k

Crude Petroleum’s highest export potential is United States. With an export gap of $2.97B.   Crude Petroleum’s highest import potential is Spain with an import gap of $59.6k.

See methodology.

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