2023
Exports
$4.01BWorld Rnk 6 / 223
Flag Rnk 31 / 1189
2023
PRODUCT COMPLEXITY IN Valves
1.34Rnk 71 / 1025
2023
Imports
$4.23BWorld Rnk 4 / 226
Flag Rnk 21 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $4.01B in Valves, making it the 6th largest exporter of Valves in the world. At the same year, Valves was the 31st most exported product in Mexico. The main destination of Valves exports from Mexico are: United States ($3.25B), Canada ($215M), Brazil ($58.8M), China ($40.7M), and Japan ($32.1M).

The fastest growing export markets for Valves of Mexico between 2022 and 2023 were United States ($226M), Brazil ($17.8M), and Japan ($12.2M).

Imports In 2023, Mexico imported $4.23B in Valves, becoming the 4th largest importer of Valves in the world. At the same year, Valves was the 21st most imported product in Mexico. Mexico imports Valves primarily from: United States ($2.05B), China ($875M), Germany ($197M), Japan ($161M), and South Korea ($137M).

The fastest growing import markets in Valves for Mexico between 2022 and 2023 were United States ($159M), Poland ($40.9M), and Japan ($16.7M).

COMPANIES In 2024, leading companies such as Ford Motor Company (5), Robert Bosch (2), and Celebrity Cruises (2) were at the forefront of shipping Valves from Mexico to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Valves. 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)$4.01B
IMPORTS (2023)$4.23B
NET TRADE (2023)-$223M

In 2023, Mexico exported $4.01B in Valves. The main destinations of Mexico exports on Valves were United States ($3.25B), Canada ($215M), Brazil ($58.8M), China ($40.7M), and Japan ($32.1M).

In 2023, Mexico imported $4.23B in Valves, mainly from United States ($2.05B), China ($875M), Germany ($197M), Japan ($161M), and South Korea ($137M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
United States$226M (7.49%)
Brazil$17.8M (43.4%)
Japan$12.2M (61.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Mexico WERE (2022 - 2023):
South Korea-$6.17M (-34.7%)
Saudi Arabia-$5.42M (-37%)
China-$3.34M (-7.57%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Mexico's main exporting competitors in Valves were:
In 2023, Mexico's main importing competitors in Valves were:

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $316M
TOP IMPORT POTENTIALChina+ $178M

Valves’s highest export potential is United States. With an export gap of $316M.   Valves’s highest import potential is China with an import gap of $178M.

See methodology.

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