2022
Exports
$229MWorld Rnk 9 / 179
Flag Rnk 225 / 1193
2022
PRODUCT COMPLEXITY IN Compasses
0.89Rnk 212 / 1025
2022
Imports
$85.9MWorld Rnk 21 / 211
Flag Rnk 522 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $229M in Compasses, making it the 9th largest exporter of Compasses in the world. At the same year, Compasses was the 225th most exported product in Mexico. The main destination of Compasses exports from Mexico are: United States ($177M), Australia ($9.19M), Canada ($7.83M), United Kingdom ($5.86M), and New Zealand ($2.95M).

The fastest growing export markets for Compasses of Mexico between 2021 and 2022 were United States ($50.8M), United Kingdom ($2.57M), and Netherlands ($1.13M).

Imports In 2022, Mexico imported $85.9M in Compasses, becoming the 21st largest importer of Compasses in the world. At the same year, Compasses was the 522nd most imported product in Mexico. Mexico imports Compasses primarily from: United States ($41.3M), Chinese Taipei ($16.7M), Netherlands ($14.5M), China ($3.43M), and United Kingdom ($1.63M).

The fastest growing import markets in Compasses for Mexico between 2021 and 2022 were Netherlands ($10.7M), Brazil ($554k), and France ($431k).

Latest Trends

Aug 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 Compasses. 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)$229M
IMPORTS (2022)$85.9M
NET TRADE (2022)$144M

In 2022, Mexico exported $229M in Compasses. The main destinations of Mexico exports on Compasses were United States ($177M), Australia ($9.19M), Canada ($7.83M), United Kingdom ($5.86M), and New Zealand ($2.95M).

In 2022, Mexico imported $85.9M in Compasses, mainly from United States ($41.3M), Chinese Taipei ($16.7M), Netherlands ($14.5M), China ($3.43M), and United Kingdom ($1.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$50.8M (40.2%)
United Kingdom$2.57M (78%)
Netherlands$1.13M (414%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY Mexico WERE (2021 - 2022):
Russia-$3.62M (-100%)
Chinese Taipei-$2.97M (-58.6%)
Estonia-$1.53M (-57.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Compasses were:
In 2022, Mexico's main importing competitors in Compasses were:

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Trade Value of Compasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.9M
TOP IMPORT POTENTIALUnited States+ $7.43M

Compasses’s highest export potential is United States. With an export gap of $12.9M.   Compasses’s highest import potential is United States with an import gap of $7.43M.

See methodology.

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