2022
Exports
$6.11BWorld Rnk 20 / 176
Flag Rnk 12 / 1193
2022
PRODUCT COMPLEXITY IN Gold
-2.43Rnk 1016 / 1025
2022
Imports
$116MWorld Rnk 54 / 178
Flag Rnk 447 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $6.11B in Gold, making it the 20th largest exporter of Gold in the world. At the same year, Gold was the 12th most exported product in Mexico. The main destination of Gold exports from Mexico are: United States ($2.26B), United Kingdom ($1.47B), Switzerland ($1.43B), Canada ($194M), and India ($167M).

The fastest growing export markets for Gold of Mexico between 2021 and 2022 were Switzerland ($514M), Italy ($121M), and United Arab Emirates ($101M).

Imports In 2022, Mexico imported $116M in Gold, becoming the 54th largest importer of Gold in the world. At the same year, Gold was the 447th most imported product in Mexico. Mexico imports Gold primarily from: United States ($85M), Canada ($19.7M), Singapore ($10.4M), Italy ($279k), and Germany ($213k).

The fastest growing import markets in Gold for Mexico between 2021 and 2022 were United States ($12.2M), Singapore ($4.44M), and Switzerland ($124k).

COMPANIES In 2023, leading companies such as Givaudan Fragrances (1) were at the forefront of shipping Gold 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 Gold. 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)$6.11B
IMPORTS (2022)$116M
NET TRADE (2022)$6B

In 2022, Mexico exported $6.11B in Gold. The main destinations of Mexico exports on Gold were United States ($2.26B), United Kingdom ($1.47B), Switzerland ($1.43B), Canada ($194M), and India ($167M).

In 2022, Mexico imported $116M in Gold, mainly from United States ($85M), Canada ($19.7M), Singapore ($10.4M), Italy ($279k), and Germany ($213k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
Switzerland$514M (55.8%)
Italy$121M (497%)
United Arab Emirates$101M (55.1M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Mexico WERE (2021 - 2022):
United States-$223M (-8.99%)
United Kingdom-$93.4M (-5.98%)
Singapore-$59.3M (-40.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $514M
TOP IMPORT POTENTIALUnited States+ $56.2M

Gold’s highest export potential is United States. With an export gap of $514M.   Gold’s highest import potential is United States with an import gap of $56.2M.

See methodology.

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