2022
Exports
$3.86BWorld Rnk 2 / 209
Flag Rnk 25 / 1193
2022
PRODUCT COMPLEXITY IN Electrical Lighting and Signalling Equipment
0.96Rnk 190 / 1025
2022
Imports
$1.75BWorld Rnk 3 / 222
Flag Rnk 60 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $3.86B in Electrical Lighting and Signalling Equipment, making it the 2nd largest exporter of Electrical Lighting and Signalling Equipment in the world. At the same year, Electrical Lighting and Signalling Equipment was the 25th most exported product in Mexico. The main destination of Electrical Lighting and Signalling Equipment exports from Mexico are: United States ($3.09B), China ($355M), Canada ($128M), Brazil ($123M), and Argentina ($22.3M).

The fastest growing export markets for Electrical Lighting and Signalling Equipment of Mexico between 2021 and 2022 were United States ($341M), China ($238M), and Brazil ($25.9M).

Imports In 2022, Mexico imported $1.75B in Electrical Lighting and Signalling Equipment, becoming the 3rd largest importer of Electrical Lighting and Signalling Equipment in the world. At the same year, Electrical Lighting and Signalling Equipment was the 60th most imported product in Mexico. Mexico imports Electrical Lighting and Signalling Equipment primarily from: United States ($778M), China ($362M), South Korea ($94.3M), Germany ($83.2M), and Japan ($81.4M).

The fastest growing import markets in Electrical Lighting and Signalling Equipment for Mexico between 2021 and 2022 were United States ($154M), China ($35.2M), and South Korea ($22.2M).

COMPANIES In 2023, leading companies such as Robert Bosch (8), Celebrity Cruises (7), and Nissan (6) were at the forefront of shipping Electrical Lighting and Signalling Equipment 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 Lighting and Signalling Equipment. 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)$3.86B
IMPORTS (2022)$1.75B
NET TRADE (2022)$2.12B

In 2022, Mexico exported $3.86B in Electrical Lighting and Signalling Equipment. The main destinations of Mexico exports on Electrical Lighting and Signalling Equipment were United States ($3.09B), China ($355M), Canada ($128M), Brazil ($123M), and Argentina ($22.3M).

In 2022, Mexico imported $1.75B in Electrical Lighting and Signalling Equipment, mainly from United States ($778M), China ($362M), South Korea ($94.3M), Germany ($83.2M), and Japan ($81.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Lighting and Signalling Equipment EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$341M (12.4%)
China$238M (204%)
Brazil$25.9M (26.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Lighting and Signalling Equipment BY Mexico WERE (2021 - 2022):
Russia-$28.3M (-100%)
Thailand-$22.9M (-60.9%)
Germany-$16.8M (-53.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Electrical Lighting and Signalling Equipment were:
China $5.89B
Germany $3.32B
In 2022, Mexico's main importing competitors in Electrical Lighting and Signalling Equipment were:

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Trade Value of Electrical Lighting and Signalling Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $85.2M
TOP IMPORT POTENTIALGermany+ $31M

Electrical Lighting and Signalling Equipment’s highest export potential is China. With an export gap of $85.2M.   Electrical Lighting and Signalling Equipment’s highest import potential is Germany with an import gap of $31M.

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