2023
Exports
$7.33BWorld Rnk 3 / 208
Flag Rnk 13 / 1189
2023
PRODUCT COMPLEXITY IN Air Conditioners
0.51Rnk 371 / 1025
2023
Imports
$1.8BWorld Rnk 7 / 224
Flag Rnk 62 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $7.33B in Air Conditioners, making it the 3rd largest exporter of Air Conditioners in the world. At the same year, Air Conditioners was the 13th most exported product in Mexico. The main destination of Air Conditioners exports from Mexico are: United States ($6.84B), Canada ($306M), United Arab Emirates ($54.4M), Saudi Arabia ($24.3M), and Brazil ($19.6M).

The fastest growing export markets for Air Conditioners of Mexico between 2022 and 2023 were United States ($783M), United Arab Emirates ($25.7M), and Canada ($16.5M).

Imports In 2023, Mexico imported $1.8B in Air Conditioners, becoming the 7th largest importer of Air Conditioners in the world. At the same year, Air Conditioners was the 62nd most imported product in Mexico. Mexico imports Air Conditioners primarily from: China ($975M), United States ($557M), South Korea ($58.9M), Thailand ($55.7M), and Germany ($28.2M).

The fastest growing import markets in Air Conditioners for Mexico between 2022 and 2023 were United States ($102M), Thailand ($33.5M), and Germany ($13.6M).

COMPANIES In 2024, leading companies such as Ford Motor Company (1.68k), Robert Bosch (238), and General Motors (86) were at the forefront of shipping Air Conditioners from Mexico to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Air Conditioners. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$7.33B
IMPORTS (2023)$1.8B
NET TRADE (2023)$5.52B

In 2023, Mexico exported $7.33B in Air Conditioners. The main destinations of Mexico exports on Air Conditioners were United States ($6.84B), Canada ($306M), United Arab Emirates ($54.4M), Saudi Arabia ($24.3M), and Brazil ($19.6M).

In 2023, Mexico imported $1.8B in Air Conditioners, mainly from China ($975M), United States ($557M), South Korea ($58.9M), Thailand ($55.7M), and Germany ($28.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Air Conditioners EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
United States$783M (12.9%)
United Arab Emirates$25.7M (89.2%)
Canada$16.5M (5.69%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Air Conditioners BY Mexico WERE (2022 - 2023):
China-$9.65M (-44.7%)
South Korea-$944k (-100%)
Hong Kong-$926k (-90.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mexico's main exporting competitors in Air Conditioners were:
China $22.3B
In 2023, Mexico's main importing competitors in Air Conditioners were:

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Trade Value of Air Conditioners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $46.4M
TOP IMPORT POTENTIALThailand+ $26.6M

Air Conditioners’s highest export potential is Canada. With an export gap of $46.4M.   Air Conditioners’s highest import potential is Thailand with an import gap of $26.6M.

See methodology.

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