2022
Exports
$3.34BWorld Rnk 6 / 224
Flag Rnk 31 / 1193
2022
PRODUCT COMPLEXITY IN Valves
1.35Rnk 81 / 1025
2022
Imports
$3.87BWorld Rnk 4 / 224
Flag Rnk 21 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $3.34B 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 ($2.85B), Canada ($106M), Brazil ($45.9M), China ($44.5M), and Australia ($22.9M).

The fastest growing export markets for Valves of Mexico between 2021 and 2022 were United States ($278M), Canada ($47.6M), and South Korea ($7.05M).

Imports In 2022, Mexico imported $3.87B 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 ($2.09B), China ($832M), Germany ($158M), South Korea ($114M), and Japan ($104M).

The fastest growing import markets in Valves for Mexico between 2021 and 2022 were United States ($234M), China ($107M), and South Korea ($44.9M).

COMPANIES In 2023, leading companies such as Robert Bosch (27), Ford Motor Company (13), and John Deere (9) were at the forefront of shipping Valves 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 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 (2022)$3.34B
IMPORTS (2022)$3.87B
NET TRADE (2022)-$534M

In 2022, Mexico exported $3.34B in Valves. The main destinations of Mexico exports on Valves were United States ($2.85B), Canada ($106M), Brazil ($45.9M), China ($44.5M), and Australia ($22.9M).

In 2022, Mexico imported $3.87B in Valves, mainly from United States ($2.09B), China ($832M), Germany ($158M), South Korea ($114M), and Japan ($104M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$278M (10.8%)
Canada$47.6M (81.5%)
South Korea$7.05M (46.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Mexico WERE (2021 - 2022):
Russia-$6.57M (-100%)
Saudi Arabia-$5.91M (-98.1%)
Thailand-$5.66M (-38.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Valves were:
In 2022, 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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