2022
Exports
$7.12BWorld Rnk 3 / 219
Flag Rnk 10 / 1193
2022
PRODUCT COMPLEXITY IN Electrical Control Boards
0.56Rnk 343 / 1025
2022
Imports
$2BWorld Rnk 6 / 224
Flag Rnk 54 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $7.12B 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 10th most exported product in Mexico. The main destination of Electrical Control Boards exports from Mexico are: United States ($6.2B), China ($248M), Canada ($152M), Germany ($78.6M), and Brazil ($63.3M).

The fastest growing export markets for Electrical Control Boards of Mexico between 2021 and 2022 were United States ($1.18B), China ($154M), and Canada ($114M).

Imports In 2022, Mexico imported $2B in Electrical Control Boards, becoming the 6th largest importer of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 54th most imported product in Mexico. Mexico imports Electrical Control Boards primarily from: United States ($1.12B), China ($300M), Germany ($109M), Thailand ($66.1M), and South Korea ($52M).

The fastest growing import markets in Electrical Control Boards for Mexico between 2021 and 2022 were United States ($101M), Italy ($16.5M), and Chinese Taipei ($12.1M).

COMPANIES In 2023, leading companies such as Volkswagen (15), Ford Motor Company (1), and Nissan (1) were at the forefront of shipping Electrical Control Boards from Mexico to the United States.

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 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 (2022)$7.12B
IMPORTS (2022)$2B
NET TRADE (2022)$5.12B

In 2022, Mexico exported $7.12B in Electrical Control Boards. The main destinations of Mexico exports on Electrical Control Boards were United States ($6.2B), China ($248M), Canada ($152M), Germany ($78.6M), and Brazil ($63.3M).

In 2022, Mexico imported $2B in Electrical Control Boards, mainly from United States ($1.12B), China ($300M), Germany ($109M), Thailand ($66.1M), and South Korea ($52M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Control Boards EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$1.18B (23.4%)
China$154M (163%)
Canada$114M (303%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Control Boards BY Mexico WERE (2021 - 2022):
Indonesia-$11.4M (-92.5%)
Saudi Arabia-$8.74M (-100%)
Russia-$2.22M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Electrical Control Boards were:
China $14.2B
Germany $11.3B
In 2022, 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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