2022
Exports
$10.5MWorld Rnk 23 / 194
Flag Rnk 656 / 1193
2022
PRODUCT COMPLEXITY IN Wood Ornaments
-0.4Rnk 674 / 1025
2022
Imports
$17.2MWorld Rnk 25 / 217
Flag Rnk 807 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $10.5M in Wood Ornaments, making it the 23rd largest exporter of Wood Ornaments in the world. At the same year, Wood Ornaments was the 656th most exported product in Mexico. The main destination of Wood Ornaments exports from Mexico are: United States ($7.15M), Germany ($1.46M), Canada ($332k), Italy ($318k), and China ($247k).

The fastest growing export markets for Wood Ornaments of Mexico between 2021 and 2022 were Germany ($581k), Jamaica ($74.8k), and Malaysia ($46.1k).

Imports In 2022, Mexico imported $17.2M in Wood Ornaments, becoming the 25th largest importer of Wood Ornaments in the world. At the same year, Wood Ornaments was the 807th most imported product in Mexico. Mexico imports Wood Ornaments primarily from: China ($8.11M), El Salvador ($4.6M), United States ($2.11M), Indonesia ($358k), and Spain ($282k).

The fastest growing import markets in Wood Ornaments for Mexico between 2021 and 2022 were El Salvador ($2.86M), United States ($821k), and Indonesia ($168k).

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 Wood Ornaments. 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)$10.5M
IMPORTS (2022)$17.2M
NET TRADE (2022)-$6.7M

In 2022, Mexico exported $10.5M in Wood Ornaments. The main destinations of Mexico exports on Wood Ornaments were United States ($7.15M), Germany ($1.46M), Canada ($332k), Italy ($318k), and China ($247k).

In 2022, Mexico imported $17.2M in Wood Ornaments, mainly from China ($8.11M), El Salvador ($4.6M), United States ($2.11M), Indonesia ($358k), and Spain ($282k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Ornaments EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
Germany$581k (66.1%)
Jamaica$74.8k (2.27k%)
Malaysia$46.1k (74%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Ornaments BY Mexico WERE (2021 - 2022):
United States-$1.85M (-20.6%)
China-$89.2k (-26.5%)
Russia-$64.9k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Wood Ornaments were:
China $1.65B
Germany $83.5M
In 2022, Mexico's main importing competitors in Wood Ornaments were:

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Trade Value of Wood Ornaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.85M
TOP IMPORT POTENTIALChina+ $2.72M

Wood Ornaments’s highest export potential is United States. With an export gap of $4.85M.   Wood Ornaments’s highest import potential is China with an import gap of $2.72M.

See methodology.

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