HS Icon Refrigerators in  Flag Mexico

2020
Exports | Imports
: $5.05B | $793M, World Rnk 2 / 202
Flag Rnk 14 / 1179 | World Rnk 14 / 226
Flag Rnk 87 / 1207

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $6.71M | $12.3M, Guatemala |  China


ECONOMIC COMPLEXITY of Mexico
: 1.15, Rnk 21 / 127


PRODUCT COMPLEXITY  IN Refrigerators
: 0.65, Rnk 298 / 1028

Exports In 2020, Mexico exported $5.05B in Refrigerators, making it the 2nd largest exporter of Refrigerators in the world. At the same year, Refrigerators was the 14th most exported product in Mexico. The main destination of Refrigerators exports from Mexico are: United States ($4.39B), Canada ($288M), Colombia ($42.5M), Guatemala ($40M), and Costa Rica ($34.1M).

The fastest growing export markets for Refrigerators of Mexico between 2019 and 2020 were Guatemala ($6.71M), Canada ($5.42M), and Colombia ($4.87M).

Imports In 2020, Mexico imported $793M in Refrigerators, becoming the 14th largest importer of Refrigerators in the world. At the same year, Refrigerators was the 87th most imported product in Mexico. Mexico imports Refrigerators primarily from: United States ($337M), China ($208M), South Korea ($142M), Indonesia ($18.7M), and Italy ($13.9M).

The fastest growing import markets in Refrigerators for Mexico between 2019 and 2020 were China ($12.3M), Indonesia ($10.1M), and South Korea ($8.92M).

Tariffs In 2017, the average tariff for Mexico in Refrigerators was 8.19%. The countries with the highest import tariffs for Refrigerators were Brazil (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela), 10.8%), Angola (Most Favoured Nation duty rate treatement, 10%), Burundi (Most Favoured Nation duty rate treatement, 10%), Benin (Most Favoured Nation duty rate treatement, 10%), and Burkina Faso (Most Favoured Nation duty rate treatement, 10%).

Subnational Monthly Trade

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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 Refrigerators. 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

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EXPORTS (2020): $5.05B

IMPORTS (2020): $793M

NET TRADE (2020): $4.25B

In 2020, Mexico exported $5.05B in Refrigerators. The main destinations of Mexico exports on Refrigerators were United States ($4.39B), Canada ($288M), Colombia ($42.5M), Guatemala ($40M), and Costa Rica ($34.1M).

In 2020, Mexico imported $793M in Refrigerators, mainly from United States ($337M), China ($208M), South Korea ($142M), Indonesia ($18.7M), and Italy ($13.9M).

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IN 2020, Mexico HAD A POSITIVE NET TRADE IN Refrigerators WITH:

IN 2020, Mexico HAD A NEGATIVE NET TRADE IN Refrigerators WITH:

Flow

THE FASTEST GROWING Refrigerators EXPORT MARKETS FOR Mexico WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refrigerators BY Mexico WERE (2019 - 2020):

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Market Concentration

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In 2019, Mexico's main exporting competitors in Refrigerators were:

In 2019, Mexico's main importing competitors in Refrigerators were:

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Tariffs by Country

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In 2017, the average tariff for Mexico in Refrigerators was 8.19%.

The countries with the highest tariffs for Refrigerators in Mexico were Brazil (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela), 10.8%), Angola (Most Favoured Nation duty rate treatement, 10%), Burundi (Most Favoured Nation duty rate treatement, 10%), Benin (Most Favoured Nation duty rate treatement, 10%), and Burkina Faso (Most Favoured Nation duty rate treatement, 10%).