2023
Exports
$64.5BWorld Rnk 6 / 210
Flag Rnk 1 / 1189
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$17.1BWorld Rnk 15 / 225
Flag Rnk 5 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $64.5B in Cars, making it the 6th largest exporter of Cars in the world. At the same year, Cars was the 1st most exported product in Mexico. The main destination of Cars exports from Mexico are: United States ($44.9B), Canada ($5.19B), Germany ($5.08B), United Kingdom ($1.31B), and Belgium ($901M).

The fastest growing export markets for Cars of Mexico between 2022 and 2023 were United States ($8.58B), Canada ($1.34B), and Germany ($880M).

Imports In 2023, Mexico imported $17.1B in Cars, becoming the 15th largest importer of Cars in the world. At the same year, Cars was the 5th most imported product in Mexico. Mexico imports Cars primarily from: China ($4.47B), United States ($4.46B), Japan ($1.67B), Brazil ($1.16B), and Germany ($964M).

The fastest growing import markets in Cars for Mexico between 2022 and 2023 were China ($2.2B), United States ($1.23B), and Japan ($502M).

COMPANIES In 2024, leading companies such as Volkswagen (149), Mazda (73), and General Motors (62) were at the forefront of shipping Cars 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 Cars. 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)$64.5B
IMPORTS (2023)$17.1B
NET TRADE (2023)$47.4B

In 2023, Mexico exported $64.5B in Cars. The main destinations of Mexico exports on Cars were United States ($44.9B), Canada ($5.19B), Germany ($5.08B), United Kingdom ($1.31B), and Belgium ($901M).

In 2023, Mexico imported $17.1B in Cars, mainly from China ($4.47B), United States ($4.46B), Japan ($1.67B), Brazil ($1.16B), and Germany ($964M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
United States$8.58B (23.7%)
Canada$1.34B (34.9%)
Germany$880M (21%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Mexico WERE (2022 - 2023):
Belgium-$369M (-29.1%)
Chile-$85.5M (-39%)
Lebanon-$57.7M (-61.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mexico's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Mexico's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.31B
TOP IMPORT POTENTIALUnited States+ $850M

Cars’s highest export potential is United States. With an export gap of $4.31B.   Cars’s highest import potential is United States with an import gap of $850M.

See methodology.

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