Mexico (MEX) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

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Mexico-Saudi Arabia Trade: In 2023, Mexico exported $1.42B to Saudi Arabia. The main products that Mexico exported to Saudi Arabia were Cars ($319M), Medical Instruments ($226M), and Delivery Trucks ($140M). Over the past 5 years the exports of Mexico to Saudi Arabia have increased at an annualized rate of 15%, from $706M in 2018 to $1.42B in 2023.

In 2023, Mexico did not export any services to Saudi Arabia.

Saudi Arabia-Mexico Trade: In 2023, Saudi Arabia exported $63.4M to Mexico. The main products that Saudi Arabia exported to Mexico were Raw Sugar ($24.5M), Alkylbenzenes and Alkylnaphthalenes ($7.99M), and Propylene Polymers ($7.84M). Over the past 5 years the exports of Saudi Arabia to Mexico have increased at an annualized rate of 9.81%, from $39.7M in 2018 to $63.4M in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mexico exported $1.42B to Saudi Arabia. The main products exported from Mexico to Saudi Arabia were Cars ($319M), Medical Instruments ($226M), and Delivery Trucks ($140M). During the last 5 years the exports of Mexico to Saudi Arabia have increased at an annualized rate of 15%, from $706M in 2018 to $1.42B in 2023.

In 2018, Saudi Arabia exported $63.4M to Mexico. The main products exported from Saudi Arabia to Mexico were Raw Sugar ($24.5M), Alkylbenzenes and Alkylnaphthalenes ($7.99M), and Propylene Polymers ($7.84M). During the last 5 years the exports of Saudi Arabia to Mexico have increased at an annualized rate of 9.81%, from $39.7M in 2023 to $63.4M in 2018.

Exports from Mexico () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Mexico () (2023)

Latest Data

Trade between Mexico () and Saudi Arabia ()

Mexico Exports

Date

Saudi Arabia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$456B

Saudi Arabia
Top DestinationChina$64.4B

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

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

In 2023, countries that imported more from Saudi Arabia than Mexico included China ($64.4B), India ($34.8B), and Japan ($34.7B).

Difference in imports from Saudi Arabia () and Mexico () (2023)

Comparative Advantage Mexico - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mexico had a large net trade with Saudi Arabia in the exports of Transportation ($500M), Machines ($398M), and Instruments ($304M).

During 2018, Saudi Arabia had a large net trade with Mexico in the exports of Foodstuffs ($24.5M), Chemical Products ($11.7M), and Plastics and Rubbers ($11.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Saudi Arabia+$89.3MCars

Top Product Potential Saudi Arabia Mexico+$15.9MPropylene 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 Saudi Arabia. This means that a dot/product with the flag of Mexico indicates it has a comparative advantage over Saudi Arabia. Similarly, a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Mexico.

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Historical Data

Bilateral Trade by Products

Exports from Mexico () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Mexico () (2023)

Latest Data

Trade between Mexico () and Saudi Arabia ()

Mexico Exports

Saudi Arabia Exports

Market Competitiveness

Difference in imports from Saudi Arabia () and Mexico () (2023)

Comparative Advantage Mexico - Saudi Arabia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mexico () and Saudi Arabia () (2023)

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