2023
Exports
$32.2BWorld Rnk 12 / 150
Flag Rnk 3 / 1189
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$54.6kWorld Rnk 107 / 159
Flag Rnk 1187 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $32.2B in Crude Petroleum, making it the 12th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 3rd most exported product in Mexico. The main destination of Crude Petroleum exports from Mexico are: United States ($20.4B), Chinese Taipei ($4.61B), Spain ($3.76B), India ($2.04B), and China ($896M).

The fastest growing export markets for Crude Petroleum of Mexico between 2022 and 2023 were China ($896M), Germany ($379M), and Italy ($151M).

Imports In 2023, Mexico imported $54.6k in Crude Petroleum, becoming the 107th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1187th most imported product in Mexico. Mexico imports Crude Petroleum primarily from: Spain ($40.5k), Brazil ($10.6k), and United States ($3.5k).

The fastest growing import markets in Crude Petroleum for Mexico between 2022 and 2023 were Brazil ($10.6k) and United States ($2.88k).

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 Crude Petroleum. 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)$32.2B
IMPORTS (2023)$54.6k
NET TRADE (2023)$32.2B

In 2023, Mexico exported $32.2B in Crude Petroleum. The main destinations of Mexico exports on Crude Petroleum were United States ($20.4B), Chinese Taipei ($4.61B), Spain ($3.76B), India ($2.04B), and China ($896M).

In 2023, Mexico imported $54.6k in Crude Petroleum, mainly from Spain ($40.5k), Brazil ($10.6k), and United States ($3.5k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
China$896M (1%)
Germany$379M (1%)
Italy$151M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Mexico WERE (2022 - 2023):
South Korea-$3.86B (-100%)
Chinese Taipei-$2.14B (-31.7%)
India-$1.32B (-39.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mexico's main exporting competitors in Crude Petroleum were:
In 2023, Mexico's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.97B
TOP IMPORT POTENTIALSpain+ $59.6k

Crude Petroleum’s highest export potential is United States. With an export gap of $2.97B.   Crude Petroleum’s highest import potential is Spain with an import gap of $59.6k.

See methodology.

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