Overview In 2022, Mexico was the number 14 economy in the world in terms of GDP (current US$), the number 10 in total exports, the number 13 in total imports, the number 74 economy in terms of GDP per capita (current US$) and the number 25 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Mexico are Cars ($48.4B), Computers ($39.3B), Crude Petroleum ($38.2B), Motor vehicles; parts and accessories (8701 to 8705) ($38.1B), and Delivery Trucks ($29.1B), exporting mostly to United States ($421B), Canada ($22.2B), China ($12.7B), Chinese Taipei ($7.86B), and South Korea ($7.29B).

In 2022, Mexico was the world's biggest exporter of Delivery Trucks ($29.1B), Beer ($5.95B), Tropical Fruits ($3.9B), Other Vegetables ($3.24B), and Tomatoes ($2.74B)

Imports The top imports of Mexico are Refined Petroleum ($42.5B), Motor vehicles; parts and accessories (8701 to 8705) ($29.3B), Office Machine Parts ($22.1B), Integrated Circuits ($20.9B), and Petroleum Gas ($15.8B), importing mostly from United States ($294B), China ($90.9B), Germany ($16.9B), South Korea ($13.8B), and Japan ($11.3B).

In 2022, Mexico was the world's biggest importer of Flat Flat-Rolled Steel ($2.75B), Aluminium Pipes ($350M), Corrugated Paper ($319M), Cyanides ($148M), and Artificial Filament Sewing Thread ($97.6M)

Location Mexico borders Belize, Guatemala, and United States by land and Cuba and Honduras by sea.

Latest Trends

Latest Trade


The following section uses the most recent trade data from partners of Mexico.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data


The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Top Export (2022)Cars$48.4B
Top Destination (2022)United States$421B

In 2022, Mexico exported a total of $549B, making it the number 10 exporter in the world. During the last five reported years the exports of Mexico have changed by $122B from $427B in 2017 to $549B in 2022.

The most recent exports are led by Cars ($48.4B), Computers ($39.3B), Crude Petroleum ($38.2B), Motor vehicles; parts and accessories (8701 to 8705) ($38.1B), and Delivery Trucks ($29.1B). The most common destination for the exports of Mexico are United States ($421B), Canada ($22.2B), China ($12.7B), Chinese Taipei ($7.86B), and South Korea ($7.29B).

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Exports (2022)
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Destinations (2022)
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Market Growth

Fastest Growing Export Markets (2021 - 2022)
United States$58.6B (+ 16.2%)
Canada$4.49B (+ 25.3%)
China$2.86B (+ 29%)
Fastest Growing Import Markets (2021 - 2022)
United States$45.3B (+ 18.2%)
China$6.48B (+ 7.68%)
Brazil$1.49B (+ 26.6%)

Total Export Growth by Market (2021 - 2022)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Mexico Exports Services (2020)$16.7B
Mexico Imports Services (2020)$26.3B

In 2020, Mexico exported $16.7B worth of services. The top services exported by Mexico in 2020 were Travel ($11B), Reinsurance ($3.09B), Other transport ($1.22B), Air transport ($668M), and Financial services ($448M).

The top services imported by Mexico in 2020 were Sea transport ($7.55B), Reinsurance ($5.31B), Air transport ($3.48B), Travel ($3.47B), and Miscellaneous business, professional, and technical services ($2.76B).

Service Exports (2020)

Service Imports (2020)

Economic Complexity


Economic Complexity (Trade)1.08Rank 25 of 133
Economic Complexity (Technology)-0.25Rank 58 of 96
Economic Complexity (Research)0.55Rank 35 of 135

Most Specialized Products by RCA Index

Mexico has a high level of specialization in Beer (15.1), Lead Ore (12.9), Tomatoes (11.4), Tropical Fruits (10.6), and Cucumbers (9.45). Specialization is measured using RCA, an index that takes the ratio between Mexico observed and expected exports in each product.

Most Complex Products by PCI

Export Opportunities by Relatedness

The top export opportunities for Mexico according to the relatedness index, were Cement (0.24), Paper Containers (0.24), Scrap Iron (0.24), Processed Cereals (0.24), and Aluminium Bars (0.23). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Mexico is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Mexico. These are products that tend to be co-exported with the products that Mexico exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2022)

Diversification Frontier


The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

Economic Complexity Ranking


During the last 20 years Mexico's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨26th to the 25th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

Explore Rankings

ECI (Trade) Ranking by Country

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