2022
Exports
$16.1MWorld Rnk 47 / 152
Flag Rnk 606 / 1193
2022
PRODUCT COMPLEXITY IN Buses
0.074Rnk 528 / 1025
2022
Imports
$284MWorld Rnk 14 / 217
Flag Rnk 263 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $16.1M in Buses, making it the 47th largest exporter of Buses in the world. At the same year, Buses was the 606th most exported product in Mexico. The main destination of Buses exports from Mexico are: United States ($15M), Guatemala ($471k), United Arab Emirates ($187k), Canada ($137k), and Panama ($121k).

The fastest growing export markets for Buses of Mexico between 2021 and 2022 were United States ($6.42M), Guatemala ($389k), and Belize ($96.6k).

Imports In 2022, Mexico imported $284M in Buses, becoming the 14th largest importer of Buses in the world. At the same year, Buses was the 263rd most imported product in Mexico. Mexico imports Buses primarily from: Japan ($101M), China ($96.6M), United States ($55.2M), Colombia ($12.3M), and Sweden ($8.26M).

The fastest growing import markets in Buses for Mexico between 2021 and 2022 were China ($66.3M), Japan ($29.9M), and United States ($24.5M).

COMPANIES In 2023, leading companies such as John Deere (1) and Volkswagen (1) were at the forefront of shipping Buses from Mexico to the United States.

Latest Trends

Oct 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 Buses. 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)$16.1M
IMPORTS (2022)$284M
NET TRADE (2022)-$268M

In 2022, Mexico exported $16.1M in Buses. The main destinations of Mexico exports on Buses were United States ($15M), Guatemala ($471k), United Arab Emirates ($187k), Canada ($137k), and Panama ($121k).

In 2022, Mexico imported $284M in Buses, mainly from Japan ($101M), China ($96.6M), United States ($55.2M), Colombia ($12.3M), and Sweden ($8.26M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Buses EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$6.42M (74.5%)
Guatemala$389k (474%)
Belize$96.6k (422%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buses BY Mexico WERE (2021 - 2022):
Panama-$367k (-75.3%)
El Salvador-$105k (-94.3%)
Nigeria-$39.6k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Buses were:
China $2.64B
Japan $1.95B
Turkey $1.52B
In 2022, Mexico's main importing competitors in Buses were:

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Trade Value of Buses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.77M
TOP IMPORT POTENTIALUnited States+ $10.5M

Buses’s highest export potential is United States. With an export gap of $5.77M.   Buses’s highest import potential is United States with an import gap of $10.5M.

See methodology.

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