2023
Exports
$9.41BWorld Rnk 3 / 220
Flag Rnk 11 / 1189
2023
PRODUCT COMPLEXITY IN Electrical Control Boards
0.69Rnk 285 / 1025
2023
Imports
$2.13BWorld Rnk 8 / 225
Flag Rnk 49 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $9.41B in Electrical Control Boards, making it the 3rd largest exporter of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 11th most exported product in Mexico. The main destination of Electrical Control Boards exports from Mexico are: United States ($7.94B), Canada ($324M), China ($280M), Germany ($210M), and Brazil ($74.7M).

The fastest growing export markets for Electrical Control Boards of Mexico between 2022 and 2023 were United States ($1.49B), Germany ($59.2M), and Canada ($18.4M).

Imports In 2023, Mexico imported $2.13B in Electrical Control Boards, becoming the 8th largest importer of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 49th most imported product in Mexico. Mexico imports Electrical Control Boards primarily from: United States ($1.23B), China ($296M), Germany ($139M), Japan ($51M), and South Korea ($49.2M).

The fastest growing import markets in Electrical Control Boards for Mexico between 2022 and 2023 were United States ($204M), Germany ($29.3M), and Ireland ($11.9M).

COMPANIES In 2024, leading companies such as Volkswagen (56) and Ford Motor Company (3) were at the forefront of shipping Electrical Control Boards from Mexico to the United States.

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 Electrical Control Boards. 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)$9.41B
IMPORTS (2023)$2.13B
NET TRADE (2023)$7.29B

In 2023, Mexico exported $9.41B in Electrical Control Boards. The main destinations of Mexico exports on Electrical Control Boards were United States ($7.94B), Canada ($324M), China ($280M), Germany ($210M), and Brazil ($74.7M).

In 2023, Mexico imported $2.13B in Electrical Control Boards, mainly from United States ($1.23B), China ($296M), Germany ($139M), Japan ($51M), and South Korea ($49.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Control Boards EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
United States$1.49B (23.2%)
Germany$59.2M (39.1%)
Canada$18.4M (6.02%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Control Boards BY Mexico WERE (2022 - 2023):
Spain-$13.2M (-54%)
Chinese Taipei-$10.2M (-26%)
Saudi Arabia-$6.1M (-45.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mexico's main exporting competitors in Electrical Control Boards were:
China $14.5B
Germany $13.7B
In 2023, Mexico's main importing competitors in Electrical Control Boards were:

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Trade Value of Electrical Control Boards by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $176M
TOP IMPORT POTENTIALChina+ $113M

Electrical Control Boards’s highest export potential is China. With an export gap of $176M.   Electrical Control Boards’s highest import potential is China with an import gap of $113M.

See methodology.

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