2023
Exports
$2.09BWorld Rnk 2 / 184
Flag Rnk 49 / 1189
2023
PRODUCT COMPLEXITY IN Radio Receivers
0.62Rnk 320 / 1025
2023
Imports
$505MWorld Rnk 3 / 216
Flag Rnk 183 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $2.09B in Radio Receivers, making it the 2nd largest exporter of Radio Receivers in the world. At the same year, Radio Receivers was the 49th most exported product in Mexico. The main destination of Radio Receivers exports from Mexico are: United States ($1.7B), Canada ($151M), Japan ($92.8M), Brazil ($85.4M), and China ($25.4M).

The fastest growing export markets for Radio Receivers of Mexico between 2022 and 2023 were United States ($233M), Canada ($27.5M), and Germany ($11.5M).

Imports In 2023, Mexico imported $505M in Radio Receivers, becoming the 3rd largest importer of Radio Receivers in the world. At the same year, Radio Receivers was the 183rd most imported product in Mexico. Mexico imports Radio Receivers primarily from: United States ($228M), China ($158M), Vietnam ($33M), Hungary ($26.7M), and Chinese Taipei ($24.9M).

The fastest growing import markets in Radio Receivers for Mexico between 2022 and 2023 were United States ($70.9M), China ($45.6M), and Vietnam ($25M).

COMPANIES In 2024, leading companies such as Ford Motor Company (1) were at the forefront of shipping Radio Receivers from Mexico to the United States.

Latest Trends

Dec 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 Radio Receivers. 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 (2023)$2.09B
IMPORTS (2023)$505M
NET TRADE (2023)$1.58B

In 2023, Mexico exported $2.09B in Radio Receivers. The main destinations of Mexico exports on Radio Receivers were United States ($1.7B), Canada ($151M), Japan ($92.8M), Brazil ($85.4M), and China ($25.4M).

In 2023, Mexico imported $505M in Radio Receivers, mainly from United States ($228M), China ($158M), Vietnam ($33M), Hungary ($26.7M), and Chinese Taipei ($24.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Radio Receivers EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
United States$233M (15.8%)
Canada$27.5M (22.3%)
Germany$11.5M (161%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Radio Receivers BY Mexico WERE (2022 - 2023):
Brazil-$22.6M (-20.9%)
Japan-$15.5M (-14.3%)
Argentina-$4.47M (-62.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mexico's main exporting competitors in Radio Receivers were:
In 2023, Mexico's main importing competitors in Radio Receivers were:

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Trade Value of Radio Receivers by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $12.9M
TOP IMPORT POTENTIALChina+ $23.8M

Radio Receivers’s highest export potential is China. With an export gap of $12.9M.   Radio Receivers’s highest import potential is China with an import gap of $23.8M.

See methodology.

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