2023
Exports
$13.3MWorld Rnk 48 / 166
Flag Rnk 623 / 1189
2023
PRODUCT COMPLEXITY IN Cranes
0.61Rnk 326 / 1025
2023
Imports
$282MWorld Rnk 21 / 218
Flag Rnk 260 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $13.3M in Cranes, making it the 48th largest exporter of Cranes in the world. At the same year, Cranes was the 623rd most exported product in Mexico. The main destination of Cranes exports from Mexico are: United States ($6.09M), Canada ($2.21M), Germany ($1.98M), Costa Rica ($1.03M), and Peru ($836k).

The fastest growing export markets for Cranes of Mexico between 2022 and 2023 were United States ($5.39M), Germany ($1.98M), and Costa Rica ($761k).

Imports In 2023, Mexico imported $282M in Cranes, becoming the 21st largest importer of Cranes in the world. At the same year, Cranes was the 260th most imported product in Mexico. Mexico imports Cranes primarily from: United States ($92.1M), China ($48.7M), Germany ($44.7M), Italy ($39M), and Spain ($18.2M).

The fastest growing import markets in Cranes for Mexico between 2022 and 2023 were Germany ($37.9M), United States ($35.7M), and China ($18.7M).

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 Cranes. 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)$13.3M
IMPORTS (2023)$282M
NET TRADE (2023)-$269M

In 2023, Mexico exported $13.3M in Cranes. The main destinations of Mexico exports on Cranes were United States ($6.09M), Canada ($2.21M), Germany ($1.98M), Costa Rica ($1.03M), and Peru ($836k).

In 2023, Mexico imported $282M in Cranes, mainly from United States ($92.1M), China ($48.7M), Germany ($44.7M), Italy ($39M), and Spain ($18.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cranes EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
United States$5.39M (775%)
Germany$1.98M (244k%)
Costa Rica$761k (282%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cranes BY Mexico WERE (2022 - 2023):
Bolivia-$1.18M (-100%)
Canada-$524k (-19.2%)
Czechia-$61.5k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mexico's main exporting competitors in Cranes were:
China $4.99B
Germany $2.67B
Japan $1.4B
In 2023, Mexico's main importing competitors in Cranes were:

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Trade Value of Cranes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.5M
TOP IMPORT POTENTIALChina+ $13.9M

Cranes’s highest export potential is United States. With an export gap of $1.5M.   Cranes’s highest import potential is China with an import gap of $13.9M.

See methodology.

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