Vehicles and their parts in Mexico

2019
Exports | Imports
: $125B | $42.1B, World Rnk 4 / 225
Flag Rnk 1 / 96 | World Rnk 10 / 225
Flag Rnk 3 / 96

2019
Destination | Origin
: $101B | $21.1B, United States | United States

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $7.59B | $228M, United States |  China

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

2019
PRODUCT COMPLEXITY  IN Vehicles and their parts
: 1.43, Rnk 7 / 96

Exports: In 2019, Mexico exported $125B in Vehicles and their parts, making it the 4th largest exporter of Vehicles and their parts in the world. At the same year, Vehicles and their parts was the 1st most exported product in Mexico. The main destination of Vehicles and their parts exports from Mexico are: United States ($101B), Canada ($7.6B), Germany ($4.99B), Brazil ($1.68B), and China ($1.29B).

The fastest growing export markets for Vehicles and their parts of Mexico between 2018 and 2019 were United States ($7.59B), Germany ($596M), and Saudi Arabia ($147M).

Imports: In 2019, Mexico imported $42.1B in Vehicles and their parts, becoming the 10th largest importer of Vehicles and their parts in the world. At the same year, Vehicles and their parts was the 3rd most imported product in Mexico. Mexico imports Vehicles and their parts primarily from: United States ($21.1B), China ($4.01B), Japan ($3.48B), Germany ($3.33B), and South Korea ($1.89B).

The fastest growing import markets in Vehicles and their parts for Mexico between 2018 and 2019 were China ($228M), Germany ($214M), and Brazil ($206M).

Tariffs: In 2017, the average tariff for Mexico in Vehicles and their parts was 7%. The countries with the highest import tariffs for Vehicles and their parts were Brazil (12.5%), Uruguay (10.8%), Venezuela (10.1%), Cuba (9.9%), and Argentina (9.78%).

Value

EXPORTS (2019): $125B

IMPORTS (2019): $42.1B

NET TRADE (2019): $82.7B

In 2019, Mexico exported $125B in Vehicles and their parts. The main destinations of Mexico exports on Vehicles and their parts were United States ($101B), Canada ($7.6B), Germany ($4.99B), Brazil ($1.68B), and China ($1.29B).

In 2019, Mexico imported $42.1B in Vehicles and their parts, mainly from United States ($21.1B), China ($4.01B), Japan ($3.48B), Germany ($3.33B), and South Korea ($1.89B).

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IN 2019, Mexico HAD A POSITIVE NET TRADE IN Vehicles and their parts WITH:

IN 2019, Mexico HAD A NEGATIVE NET TRADE IN Vehicles and their parts WITH:

Flow

THE FASTEST GROWING Vehicles and their parts EXPORT MARKETS FOR Mexico WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vehicles and their parts 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 Vehicles and their parts were:

In 2018, Mexico's main importing competitors in Vehicles and their parts were:

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Tariffs by Country

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In 2017, the average tariff for Mexico in Vehicles and their parts was 7%.

The countries with the highest tariffs for Vehicles and their parts in Mexico were Brazil (12.5%), Uruguay (10.8%), Venezuela (10.1%), Cuba (9.9%), and Argentina (9.78%).

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