Mexico / South Korea

Mexico-South Korea Trade: In 2022, Mexico exported $7.29B to South Korea. The main products that Mexico exported to South Korea were Crude Petroleum ($3.31B), Lead Ore ($669M), and Motor vehicles; parts and accessories (8701 to 8705) ($420M). Over the past 5 years the exports of Mexico to South Korea have increased at an annualized rate of 12.7%, from $4B in 2017 to $7.29B in 2022.

In 2022, Mexico did not export any services to South Korea.

South Korea-Mexico Trade: In 2022, South Korea exported $13.8B to Mexico. The main products that South Korea exported to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($1.42B), Coated Flat-Rolled Iron ($868M), and Office Machine Parts ($790M). Over the past 5 years the exports of South Korea to Mexico have increased at an annualized rate of 0.82%,  from $13.2B in 2017 to $13.8B in 2022.

In 2005, South Korea exported services to Mexico worth $311M, with Transportation ($220M), Services not allocated ($66.6M), and Other business services ($14.8M) 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).