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Pricing

2022
Flag → Flag
Exports $1.69BRnk 39 / 224
2022
Flag → Flag
Top Product $183MHard Liquor
2022
Flag → Flag
Exports $4.53BRnk 10 / 156
2022
Flag → Flag
Top Product $1.47BGold
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.08Rnk 25 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH6.89%CURRENT US$
Rnk 126 / 186

About

United Kingdom-Mexico Trade: In 2022, United Kingdom exported $1.69B to Mexico. The main products that United Kingdom exported to Mexico were Hard Liquor ($183M), Packaged Medicaments ($145M), and Cars ($135M). Over the past 5 years the exports of United Kingdom to Mexico have decreased at an annualized rate of 4.02%, from $2.08B in 2017 to $1.69B in 2022.

In 2019, United Kingdom exported services to Mexico worth $830M, with Other business services ($255M), Travel ($217M), and Transportation ($143M) being the largest in terms of value.

Mexico-United Kingdom Trade: In 2022, Mexico exported $4.53B to United Kingdom. The main products that Mexico exported to United Kingdom were Gold ($1.47B), Cars ($911M), and Broadcasting Equipment ($205M). Over the past 5 years the exports of Mexico to United Kingdom have increased at an annualized rate of 15.2%,  from $2.23B in 2017 to $4.53B in 2022.

In 2022, Mexico did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £133M and imported £270M from Mexico, resulting in a negative trade balance of £137M. Between August 2023 and August 2024 the exports of United Kingdom have increased by £12.2M (10.1%) from £121M to £133M, while imports increased by £137M (103%) from £133M to £270M.

Trade In August 2024, the top exports of United Kingdom to Mexico were Gas Turbines (£7.37M), Hard Liquor (£7.07M), Cars (£6.96M), Packaged Medicaments (£4.33M), and Delivery Trucks (£2.41M). In August 2024 the top imports of United Kingdom from Mexico were Gold (£109M), Cars (£40.7M), Telephones (£15.2M), Electrical Control Boards (£14.4M), and Hard Liquor (£8.38M).

Origins In August 2024 the exports of United Kingdom were mainly from Southampton (£38.3M), London Gateway (£32.1M), East Midlands Airport (£19.1M), London Heathrow Airport (£17.7M), and Felixstowe (£7.58M), while imports destinations were mainly London Heathrow Airport (£141M), Southampton (£75.8M), London Gateway (£12.3M), and London (£8.54M).

Growth In August 2024, the increase in United Kingdom's year-by-year exports to Mexico was explained primarily by an increase in product exports in Gas Turbines (£6.51M or 758%), Rubberworking Machinery (£2.06M or 4.35k%), and Special Pharmaceuticals (£1.94M or 5.74k%). In August 2024, the increase in United Kingdom's year-by-year imports  from Mexico was explained primarily by an increase in product imports  in Cars (£22.8M or 127%), Electrical Control Boards (£14.1M or 5.63k%), and Gold (£3.86M or 3.65%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£12.2M(10.1%)
IMPORT GROWTH (August 2023 - August 2024)£137M(103%)
MAIN EXPORTER (August 2024)Southampton£38.3M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Mexico and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mexico and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $1.69B to Mexico. The main products exported from United Kingdom to Mexico were Hard Liquor ($183M), Packaged Medicaments ($145M), and Cars ($135M). During the last 5 years the exports of United Kingdom to Mexico have decreased at an annualized rate of 4.02%, from $2.08B in 2017 to $1.69B in 2022.

In 2017, Mexico exported $4.53B to United Kingdom. The main products exported from Mexico to United Kingdom were Gold ($1.47B), Cars ($911M), and Broadcasting Equipment ($205M). During the last 5 years the exports of Mexico to United Kingdom have increased at an annualized rate of 15.2%, from $2.23B in 2022 to $4.53B in 2017.

Exports from United Kingdom (Flag) to Mexico (Flag) (2022)

Exports from Mexico (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Mexico
Top DestinationUnited States$421B

This map shows whether countries import more from United Kingdom or Mexico. Each country is colored based on the difference in imports they receive from United Kingdom and Mexico or the difference in the growth in imports.

In 2022, countries that imported more from United Kingdom than Mexico included Netherlands ($41.9B), Germany ($40.6B), and Ireland ($32.6B).

In 2022, countries that imported more from Mexico than United Kingdom included United States ($421B), Canada ($22.2B), and Chinese Taipei ($7.86B).

Difference in imports from Mexico (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Mexico

Flow
Scale

This chart compares trade between United Kingdom and Mexico by product, considering products traded by both, United Kingdom and Mexico.

During 2022, United Kingdom had a large net trade with Mexico in the exports of Machines ($429M), Chemical Products ($393M), and Transportation ($256M).

During 2017, Mexico had a large net trade with United Kingdom in the exports of Precious Metals ($1.49B), Transportation ($1.03B), and Machines ($894M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Mexico+$145MCars
Top Product Potential Mexico United Kingdom+$617MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Kingdom and Mexico. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Mexico. Similarly, a dot/product with the flag of Mexico indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Mexico (Flag) (2022)

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