Refined Petroleum in Mexico

2019
Exports | Imports
: $2.2B | $29.3B, World Rnk 42 / 214
Flag Rnk 39 / 1187 | World Rnk 4 / 225
Flag Rnk 2 / 1208

2019
Destination | Origin
: $1.12B | $26.7B, United States | United States

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $51.9M | $216M, Netherlands |  South Korea

2019
ECONOMIC COMPLEXITY of Mexico
: 1.31, Rnk 20 / 157

2019
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.87, Rnk 800 / 1029

Exports: In 2019, Mexico exported $2.2B in Refined Petroleum, making it the 42nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 39th most exported product in Mexico. The main destination of Refined Petroleum exports from Mexico are: United States ($1.12B), Panama ($354M), Singapore ($227M), Colombia ($124M), and Netherlands ($104M).

The fastest growing export markets for Refined Petroleum of Mexico between 2018 and 2019 were Netherlands ($51.9M), Panama ($42.8M), and China ($38.8M).

Imports: In 2019, Mexico imported $29.3B in Refined Petroleum, becoming the 4th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Mexico. Mexico imports Refined Petroleum primarily from: United States ($26.7B), Netherlands ($756M), China ($717M), South Korea ($480M), and Japan ($123M).

The fastest growing import markets in Refined Petroleum for Mexico between 2018 and 2019 were South Korea ($216M), Belgium ($87.6M), and China ($60.1M).

Tariffs: In 2017, the average tariff for Mexico in Refined Petroleum was 0.13%. The countries with the highest import tariffs for Refined Petroleum were Panama (2%), Cuba (0.6%), Angola (0.15%), Burundi (0.15%), and Benin (0.15%).

Value

EXPORTS (2019): $2.2B

IMPORTS (2019): $29.3B

NET TRADE (2019): -$27.1B

In 2019, Mexico exported $2.2B in Refined Petroleum. The main destinations of Mexico exports on Refined Petroleum were United States ($1.12B), Panama ($354M), Singapore ($227M), Colombia ($124M), and Netherlands ($104M).

In 2019, Mexico imported $29.3B in Refined Petroleum, mainly from United States ($26.7B), Netherlands ($756M), China ($717M), South Korea ($480M), and Japan ($123M).

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IN 2019, Mexico HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

IN 2019, Mexico HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Mexico WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Mexico WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, Mexico's main exporting competitors in Refined Petroleum were:

In 2018, Mexico's main importing competitors in Refined Petroleum were:

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Tariffs by Country

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In 2017, the average tariff for Mexico in Refined Petroleum was 0.13%.

The countries with the highest tariffs for Refined Petroleum in Mexico were Panama (2%), Cuba (0.6%), Angola (0.15%), Burundi (0.15%), and Benin (0.15%).

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