2022
Exports
$2.77BWorld Rnk 12 / 192
Flag Rnk 35 / 1193
2022
PRODUCT COMPLEXITY IN Gas Turbines
0.71Rnk 270 / 1025
2022
Imports
$2.24BWorld Rnk 18 / 207
Flag Rnk 48 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $2.77B in Gas Turbines, making it the 12th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 35th most exported product in Mexico. The main destination of Gas Turbines exports from Mexico are: United States ($2.15B), Singapore ($169M), France ($88.7M), Canada ($55.5M), and China ($54.2M).

The fastest growing export markets for Gas Turbines of Mexico between 2021 and 2022 were United States ($470M), Singapore ($141M), and Canada ($11.1M).

Imports In 2022, Mexico imported $2.24B in Gas Turbines, becoming the 18th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 48th most imported product in Mexico. Mexico imports Gas Turbines primarily from: United States ($1.4B), France ($296M), Spain ($126M), Poland ($77.3M), and Netherlands ($59.9M).

The fastest growing import markets in Gas Turbines for Mexico between 2021 and 2022 were Spain ($83M), France ($47.7M), and Poland ($34.9M).

COMPANIES In 2023, leading companies such as Nissan (2), ZF Friedrichshafen (1), and Celebrity Cruises (1) were at the forefront of shipping Gas Turbines 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 Gas Turbines. 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)$2.77B
IMPORTS (2022)$2.24B
NET TRADE (2022)$532M

In 2022, Mexico exported $2.77B in Gas Turbines. The main destinations of Mexico exports on Gas Turbines were United States ($2.15B), Singapore ($169M), France ($88.7M), Canada ($55.5M), and China ($54.2M).

In 2022, Mexico imported $2.24B in Gas Turbines, mainly from United States ($1.4B), France ($296M), Spain ($126M), Poland ($77.3M), and Netherlands ($59.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$470M (28%)
Singapore$141M (516%)
Canada$11.1M (25.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Mexico WERE (2021 - 2022):
France-$79.5M (-47.3%)
Germany-$18.7M (-37.3%)
Spain-$18.6M (-43.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Gas Turbines were:
In 2022, Mexico's main importing competitors in Gas Turbines were:

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $453M
TOP IMPORT POTENTIALUnited States+ $158M

Gas Turbines’s highest export potential is United States. With an export gap of $453M.   Gas Turbines’s highest import potential is United States with an import gap of $158M.

See methodology.

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