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2023
Flag → Flag
Exports $2.05BRnk 31 / 223
2023
Flag → Flag
Top Product $176MPackaged Medicaments
2023
Flag → Flag
Exports $5.6BRnk 8 / 158
2023
Flag → Flag
Top Product $1.31BCars
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
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Economic Complexity (ECI) ECI 1.09Rnk 25 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
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 GDP$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
Flag
GDP GROWTH34.8%CURRENT US$
Rnk 103 / 195
2023
Flag
GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$13,790CURRENT US$
Rnk 75 / 196
2013-2023
Flag
GDP PC GROWTH22.9%CURRENT US$
Rnk 94 / 195

About

United Kingdom-Mexico Trade: In 2023, United Kingdom exported $2.05B to Mexico. The main products that United Kingdom exported to Mexico were Packaged Medicaments ($176M), Hard Liquor ($175M), and Cars ($142M). Over the past 5 years the exports of United Kingdom to Mexico have decreased at an annualized rate of 1.65%, from $2.23B in 2018 to $2.05B in 2023.

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 2023, Mexico exported $5.6B to United Kingdom. The main products that Mexico exported to United Kingdom were Cars ($1.31B), Gold ($1.24B), and Broadcasting Equipment ($394M). Over the past 5 years the exports of Mexico to United Kingdom have increased at an annualized rate of 15.2%,  from $2.77B in 2018 to $5.6B in 2023.

In 2023, Mexico did not export any services to United Kingdom.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £103M and imported £349M from Mexico, resulting in a negative trade balance of £246M. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-16.9M (-14.1%) from £120M to £103M, while imports increased by £105M (43.4%) from £243M to £349M.

Trade In November 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 November 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 November 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£24.5M), London Gateway (£22.9M), Southampton (£20.1M), Felixstowe (£8.66M), and East Midlands Airport (£7.39M), while imports destinations were mainly London Heathrow Airport (£269M), Southampton (£36.6M), London Gateway (£8.96M), and London Stansted Airport (£5.96M).

Growth In November 2024, the decrease in United Kingdom's year-by-year exports to Mexico was explained primarily by an decrease in product exports in Packaged Medicaments (£-9.36M or -68.4%), Vaccines, blood, antisera, toxins and cultures (£-3.22M or -74.5%), and Aircraft parts for spacecraft, UAVs, and... (£-1.58M or -50.7%). In November 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 (November 2023 - November 2024)£-16.9M(-14.1%)
IMPORT GROWTH (November 2023 - November 2024)£105M(43.4%)
MAIN EXPORTER (November 2024)London Heathrow Airport£24.5M

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 2023, United Kingdom exported $2.05B to Mexico. The main products exported from United Kingdom to Mexico were Packaged Medicaments ($176M), Hard Liquor ($175M), and Cars ($142M). During the last 5 years the exports of United Kingdom to Mexico have decreased at an annualized rate of 1.65%, from $2.23B in 2018 to $2.05B in 2023.

In 2018, Mexico exported $5.6B to United Kingdom. The main products exported from Mexico to United Kingdom were Cars ($1.31B), Gold ($1.24B), and Broadcasting Equipment ($394M). During the last 5 years the exports of Mexico to United Kingdom have increased at an annualized rate of 15.2%, from $2.77B in 2023 to $5.6B in 2018.

Exports from United Kingdom (Flag) to Mexico (Flag) (2023)

Exports from Mexico (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Mexico
Top DestinationUnited States$456B

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 2023, countries that imported more from United Kingdom than Mexico included Netherlands ($29.8B), Ireland ($29.1B), and France ($25.8B).

In 2023, countries that imported more from Mexico than United Kingdom included United States ($456B), Canada ($33B), and Chinese Taipei ($5.8B).

Difference in imports from Mexico (Flag) and United Kingdom (Flag) (2023)

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 2023, United Kingdom had a large net trade with Mexico in the exports of Machines ($590M), Chemical Products ($363M), and Transportation ($262M).

During 2018, Mexico had a large net trade with United Kingdom in the exports of Transportation ($1.49B), Machines ($1.36B), and Precious Metals ($1.32B).

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) (2023)

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