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2023
Flag → Flag
Exports $243BRnk 2 / 220
2023
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Top Product $29.7BRefined Petroleum
2023
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Exports $456BRnk 1 / 158
2023
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Top Product $44.9BCars
2023
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Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
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Economic Complexity (ECI) ECI 1.09Rnk 25 / 132
2023
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GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
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 GDP$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
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GDP GROWTH34.8%CURRENT US$
Rnk 103 / 195
2023
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GDP PC $82,769CURRENT US$
Rnk 9 / 195
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195
2023
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GDP PC$13,790CURRENT US$
Rnk 75 / 196
2013-2023
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GDP PC GROWTH22.9%CURRENT US$
Rnk 94 / 195

About

United States-Mexico Trade: In 2023, United States exported $243B to Mexico. The main products that United States exported to Mexico were Refined Petroleum ($29.7B), Motor vehicles; parts and accessories (8701 to 8705) ($17.7B), and Petroleum Gas ($8.87B). Over the past 5 years the exports of United States to Mexico have increased at an annualized rate of 2.26%, from $218B in 2018 to $243B in 2023.

In 2017, United States exported services to Mexico worth $31.5B, with Travel ($15.7B), Other business services ($3.4B), and Royalties and license fees ($3.32B) being the largest in terms of value.

Mexico-United States Trade: In 2023, Mexico exported $456B to United States. The main products that Mexico exported to United States were Cars ($44.9B), Motor vehicles; parts and accessories (8701 to 8705) ($35.2B), and Delivery Trucks ($26.3B). Over the past 5 years the exports of Mexico to United States have increased at an annualized rate of 5.22%,  from $354B in 2018 to $456B in 2023.

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

Comparison: In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Company data: In 2023, leading companies such as Ford Motor Company (3.03k), Dekalb Farmers Market (1.98k), and Chiquita (1.74k) were at the forefront of exporting goods from Mexico to the United States. Conversely, Other (6.02k), Unknown (1.19k), and Samsung Electronics Digital Applian (1.14k) were notable for importing products to Mexico from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $26.9B and imported $42.2B from Mexico, resulting in a negative trade balance of $15.3B. Between November 2023 and November 2024 the exports of United States have increased by $907M (3.49%) from $26B to $26.9B, while imports increased by $2.44B (6.13%) from $39.8B to $42.2B.

Trade In November 2024, the top exports of United States to Mexico were Refined Petroleum ($3.1B), Motor vehicles; parts and accessories (8701... ($1.6B), Integrated Circuits ($1.06B), Petroleum Gas ($1.03B), and Commodities not elsewhere specified ($804M). In November 2024 the top imports of United States from Mexico were Delivery Trucks ($2.9B), Cars ($2.85B), Motor vehicles; parts and accessories (8701... ($2.69B), Computers ($2.32B), and Crude Petroleum ($1.56B).

Origins In November 2024 the exports of United States were mainly from Texas ($9.85B), California ($2.8B), Michigan ($1.45B), Illinois ($955M), and Arizona ($795M), while imports destinations were mainly Texas ($12.9B), Michigan ($6.26B), California ($5.36B), Georgia ($1.97B), and Illinois ($1.72B).

Growth In November 2024, the increase in United States's year-by-year exports to Mexico was explained primarily by an increase in product exports in Refined Petroleum ($897M or 40.6%), Motor vehicles; parts and accessories (8701... ($291M or 22.2%), and Aircraft parts (gliders, balloons, and powered... ($162M or 82.2%). In November 2024, the increase in United States's year-by-year imports  from Mexico was explained primarily by an increase in product imports  in Delivery Trucks ($755M or 35.2%), Motor vehicles; parts and accessories (8701... ($520M or 23.9%), and Insulated Wire ($200M or 19.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$907M(3.49%)
IMPORT GROWTH (November 2023 - November 2024)$2.44B(6.13%)
MAIN EXPORTER (November 2024)Texas$9.85B

This section shows exports and imports data at subnational level for United States. 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 States over time.

To check Mexico and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mexico and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United States exported $243B to Mexico. The main products exported from United States to Mexico were Refined Petroleum ($29.7B), Motor vehicles; parts and accessories (8701 to 8705) ($17.7B), and Petroleum Gas ($8.87B). During the last 5 years the exports of United States to Mexico have increased at an annualized rate of 2.26%, from $218B in 2018 to $243B in 2023.

In 2018, Mexico exported $456B to United States. The main products exported from Mexico to United States were Cars ($44.9B), Motor vehicles; parts and accessories (8701 to 8705) ($35.2B), and Delivery Trucks ($26.3B). During the last 5 years the exports of Mexico to United States have increased at an annualized rate of 5.22%, from $354B in 2023 to $456B in 2018.

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

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

Market Competitiveness

Color
United States
Top DestinationCanada$269B
Mexico
Top DestinationUnited States$456B

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

In 2023, countries that imported more from United States than Mexico included Canada ($269B), China ($154B), and Germany ($94.8B).

In 2023, countries that imported more from Mexico than United States included Guam ($1.18k).

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

Comparative Advantage United States - Mexico

Flow
Scale

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

During 2023, United States had a large net trade with Mexico in the exports of Machines ($62.4B), Mineral Products ($40.3B), and Transportation ($27B).

During 2018, Mexico had a large net trade with United States in the exports of Machines ($165B), Transportation ($126B), and Mineral Products ($26B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Mexico+$850MCars
Top Product Potential Mexico United States+$4.31BCars

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 States and Mexico. This means that a dot/product with the flag of United States 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 States.

Product Space of United States (Flag) and Mexico (Flag) (2023)

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