Mexico-Italy Trade: In 2022, Mexico exported $1.19B to Italy. The main products that Mexico exported to Italy were Gold ($146M), Engine Parts ($94.5M), and Polycarboxylic Acids ($67.5M). Over the past 5 years the exports of Mexico to Italy have increased at an annualized rate of 3.44%, from $1B in 2017 to $1.19B in 2022.
In 2022, Mexico did not export any services to Italy.
Italy-Mexico Trade: In 2022, Italy exported $5.94B to Mexico. The main products that Italy exported to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($504M), Washing and Bottling Machines ($222M), and Packaged Medicaments ($217M). Over the past 5 years the exports of Italy to Mexico have increased at an annualized rate of 1.02%, from $5B in 2017 to $5.94B in 2022.
In 2020, Italy exported services to Mexico worth $246M, with Other business services ($119M), Royalties and license fees ($44.4M), and Travel ($31.9M) being the largest in terms of value.
Comparison: In 2022, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).