HS Icon Vehicle Parts in  Flag Mexico

2019
Exports | Imports
: $31.2B | $27.2B, World Rnk 5 / 225
Flag Rnk 3 / 1187 | World Rnk 3 / 225
Flag Rnk 3 / 1208

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $893M | $323M, United States |  Germany

2019
ECONOMIC COMPLEXITY of Mexico
: 1.25, Rnk 20 / 147

2019
PRODUCT COMPLEXITY  IN Vehicle Parts
: 1.1, Rnk 141 / 1029

Exports In 2019, Mexico exported $31.2B in Vehicle Parts, making it the 5th largest exporter of Vehicle Parts in the world. At the same year, Vehicle Parts was the 3rd most exported product in Mexico. The main destination of Vehicle Parts exports from Mexico are: United States ($26B), Canada ($1.83B), China ($699M), Brazil ($667M), and Germany ($399M).

The fastest growing export markets for Vehicle Parts of Mexico between 2018 and 2019 were United States ($893M), Canada ($163M), and South Korea ($72.8M).

Imports In 2019, Mexico imported $27.2B in Vehicle Parts, becoming the 3rd largest importer of Vehicle Parts in the world. At the same year, Vehicle Parts was the 3rd most imported product in Mexico. Mexico imports Vehicle Parts primarily from: United States ($16.3B), Germany ($2.35B), China ($2.19B), Japan ($1.71B), and South Korea ($1.33B).

The fastest growing import markets in Vehicle Parts for Mexico between 2018 and 2019 were Germany ($323M), China ($121M), and Thailand ($83.7M).

Tariffs In 2017, the average tariff for Mexico in Vehicle Parts was 1.01%. The countries with the highest import tariffs for Vehicle Parts were Angola (Most Favoured Nation duty rate treatement, 1.23%), Burundi (Most Favoured Nation duty rate treatement, 1.23%), Benin (Most Favoured Nation duty rate treatement, 1.23%), Burkina Faso (Most Favoured Nation duty rate treatement, 1.23%), and Botswana (Most Favoured Nation duty rate treatement, 1.23%).

Historical Data

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EXPORTS (2019): $31.2B

IMPORTS (2019): $27.2B

NET TRADE (2019): $3.97B

In 2019, Mexico exported $31.2B in Vehicle Parts. The main destinations of Mexico exports on Vehicle Parts were United States ($26B), Canada ($1.83B), China ($699M), Brazil ($667M), and Germany ($399M).

In 2019, Mexico imported $27.2B in Vehicle Parts, mainly from United States ($16.3B), Germany ($2.35B), China ($2.19B), Japan ($1.71B), and South Korea ($1.33B).

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IN 2019, Mexico HAD A POSITIVE NET TRADE IN Vehicle Parts WITH:

IN 2019, Mexico HAD A NEGATIVE NET TRADE IN Vehicle Parts WITH:

Flow

THE FASTEST GROWING Vehicle Parts EXPORT MARKETS FOR Mexico WERE (2018 - 2019):

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

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Market Concentration

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Flow
Type

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

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

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Tariffs by Country

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In 2017, the average tariff for Mexico in Vehicle Parts was 1.01%.

The countries with the highest tariffs for Vehicle Parts in Mexico were Angola (Most Favoured Nation duty rate treatement, 1.23%), Burundi (Most Favoured Nation duty rate treatement, 1.23%), Benin (Most Favoured Nation duty rate treatement, 1.23%), Burkina Faso (Most Favoured Nation duty rate treatement, 1.23%), and Botswana (Most Favoured Nation duty rate treatement, 1.23%).