2022
Exports
$16.6BWorld Rnk 2 / 222
Flag Rnk 6 / 1193
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$8.28BWorld Rnk 3 / 225
Flag Rnk 8 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $16.6B in Insulated Wire, making it the 2nd largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 6th most exported product in Mexico. The main destination of Insulated Wire exports from Mexico are: United States ($15.3B), Canada ($321M), Nicaragua ($175M), Honduras ($102M), and Guatemala ($75.2M).

The fastest growing export markets for Insulated Wire of Mexico between 2021 and 2022 were United States ($2.28B), Canada ($95.1M), and Honduras ($23.3M).

Imports In 2022, Mexico imported $8.28B in Insulated Wire, becoming the 3rd largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 8th most imported product in Mexico. Mexico imports Insulated Wire primarily from: United States ($4.51B), China ($1.8B), Nicaragua ($617M), South Korea ($234M), and Honduras ($187M).

The fastest growing import markets in Insulated Wire for Mexico between 2021 and 2022 were United States ($950M), China ($340M), and Honduras ($139M).

COMPANIES In 2023, leading companies such as Tesla (90), Robert Bosch (17), and TE Connectivity (6) were at the forefront of shipping Insulated Wire from Mexico to the United States.

Latest Trends

Jul 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 Insulated Wire. 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)$16.6B
IMPORTS (2022)$8.28B
NET TRADE (2022)$8.36B

In 2022, Mexico exported $16.6B in Insulated Wire. The main destinations of Mexico exports on Insulated Wire were United States ($15.3B), Canada ($321M), Nicaragua ($175M), Honduras ($102M), and Guatemala ($75.2M).

In 2022, Mexico imported $8.28B in Insulated Wire, mainly from United States ($4.51B), China ($1.8B), Nicaragua ($617M), South Korea ($234M), and Honduras ($187M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$2.28B (17.6%)
Canada$95.1M (42.1%)
Honduras$23.3M (29.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Mexico WERE (2021 - 2022):
Russia-$21.7M (-100%)
Saudi Arabia-$9.73M (-94.4%)
Guatemala-$6.83M (-8.33%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $164M
TOP IMPORT POTENTIALChina+ $189M

Insulated Wire’s highest export potential is China. With an export gap of $164M.   Insulated Wire’s highest import potential is China with an import gap of $189M.

See methodology.

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