Mexico (MEX) and Iran (IRN) Trade | The Observatory of Economic Complexity

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Mexico-Iran Trade: In 2022, Mexico exported $1.23M to Iran. The main products that Mexico exported to Iran were N/A. Over the past 5 years the exports of Mexico to Iran have decreased at an annualized rate of 5.39%, from $1.62M in 2017 to $1.23M in 2022.

In 2022, Mexico did not export any services to Iran.

Iran-Mexico Trade: In 2022, Iran exported $11.5k to Mexico. The main products that Iran exported to Mexico were Electrical Power Accessories ($11.5k). Over the past 5 years the exports of Iran to Mexico have decreased at an annualized rate of 67.8%, from $3.3M in 2017 to $11.5k in 2022.

In 2022, Iran did not export any services to Mexico.

Comparison: In 2023, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B). That same year, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mexico exported $1.23M to Iran. There were not main exports from Mexico to Iran in 2022. During the last 5 years the exports of Mexico to Iran have decreased at an annualized rate of 5.39%, from $1.62M in 2017 to $1.23M in 2022.

In 2018, Iran exported $11.5k to Mexico. The main products exported from Iran to Mexico were Electrical Power Accessories ($11.5k). During the last 5 years the exports of Iran to Mexico have decreased at an annualized rate of 67.8%, from $3.3M in 2023 to $11.5k in 2018.

Exports from Mexico () to Iran () (2023)

Exports from Iran () to Mexico () (2023)

Latest Data

Trade between Mexico () and Iran ()

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$456B

Iran
Top DestinationChina$4.59B

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

In 2023, countries that imported more from Mexico than Iran included United States ($456B), Canada ($33B), and Germany ($10.7B).

In 2023, countries that imported more from Iran than Mexico included Turkey ($2.18B), Pakistan ($943M), and Armenia ($597M).

Difference in imports from Iran () and Mexico () (2023)

Comparative Advantage Mexico - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mexico had a large net trade with Iran in the exports of .

During 2018, Iran had a large net trade with Mexico in the exports of Machines ($11.5k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Iran+$9.19kTelephones

Top Product Potential Iran Mexico+$7.29kEthylene Polymers

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mexico () to Iran () (2023)

Exports from Iran () to Mexico () (2023)

Latest Data

Trade between Mexico () and Iran ()

Mexico Exports

Market Competitiveness

Difference in imports from Iran () and Mexico () (2023)

Comparative Advantage Mexico - Iran

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mexico () and Iran () (2023)

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