2022
Exports
$617MWorld Rnk 42 / 210
Flag Rnk 49 / 96
2022
PRODUCT COMPLEXITY IN Animal or vegetable fats, oils, & waxes
0.8Rnk 244 / 1025
2022
Imports
$2.6BWorld Rnk 18 / 224
Flag Rnk 28 / 96
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $617M in Animal or vegetable fats, oils, & waxes, making it the 42nd largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 49th most exported product in Mexico. The main destination of Animal or vegetable fats, oils, & waxes exports from Mexico are: United States ($382M), Norway ($43.2M), Guatemala ($24.6M), Canada ($21.5M), and Germany ($17.1M).

The fastest growing export markets for Animal or vegetable fats, oils, & waxes of Mexico between 2021 and 2022 were United States ($109M), Germany ($11.9M), and Norway ($5.83M).

Imports In 2022, Mexico imported $2.6B in Animal or vegetable fats, oils, & waxes, becoming the 18th largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 28th most imported product in Mexico. Mexico imports Animal or vegetable fats, oils, & waxes primarily from: United States ($779M), Canada ($329M), Argentina ($303M), Guatemala ($189M), and Spain ($130M).

The fastest growing import markets in Animal or vegetable fats, oils, & waxes for Mexico between 2021 and 2022 were Argentina ($275M), Canada ($76.6M), and Colombia ($49.6M).

COMPANIES In 2023, leading companies such as Chevron (64), Sucafina (13), and ZF Friedrichshafen (8) were at the forefront of shipping Animal or vegetable fats, oils, & waxes from Mexico to the United States.

Latest Trends

Jul 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 Animal or vegetable fats, oils, & waxes. 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 (2022)$617M
IMPORTS (2022)$2.6B
NET TRADE (2022)-$1.98B

In 2022, Mexico exported $617M in Animal or vegetable fats, oils, & waxes. The main destinations of Mexico exports on Animal or vegetable fats, oils, & waxes were United States ($382M), Norway ($43.2M), Guatemala ($24.6M), Canada ($21.5M), and Germany ($17.1M).

In 2022, Mexico imported $2.6B in Animal or vegetable fats, oils, & waxes, mainly from United States ($779M), Canada ($329M), Argentina ($303M), Guatemala ($189M), and Spain ($130M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal or vegetable fats, oils, & waxes EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$109M (39.8%)
Germany$11.9M (231%)
Norway$5.83M (15.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal or vegetable fats, oils, & waxes BY Mexico WERE (2021 - 2022):
Denmark-$17.5M (-93.1%)
Spain-$11.6M (-67.5%)
Guatemala-$10.7M (-30.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Animal or vegetable fats, oils, & waxes were:
In 2022, Mexico's main importing competitors in Animal or vegetable fats, oils, & waxes were:

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Trade Value of Animal or vegetable fats, oils, & waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $42.1M
TOP IMPORT POTENTIALIndonesia+ $51.4M

Animal or vegetable fats, oils, & waxes’s highest export potential is United States. With an export gap of $42.1M.   Animal or vegetable fats, oils, & waxes’s highest import potential is Indonesia with an import gap of $51.4M.

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