2023
Exports
$1.93BWorld Rnk 5 / 216
Flag Rnk 53 / 1189
2023
PRODUCT COMPLEXITY IN Electrical Power Accessories
0.94Rnk 195 / 1025
2023
Imports
$4.57BWorld Rnk 1 / 224
Flag Rnk 18 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $1.93B in Electrical Power Accessories, making it the 5th largest exporter of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 53rd most exported product in Mexico. The main destination of Electrical Power Accessories exports from Mexico are: United States ($1.52B), China ($91.9M), Canada ($60.9M), Germany ($24.9M), and India ($23.6M).

The fastest growing export markets for Electrical Power Accessories of Mexico between 2022 and 2023 were United States ($159M), India ($17.8M), and China ($8.41M).

Imports In 2023, Mexico imported $4.57B in Electrical Power Accessories, becoming the 1st largest importer of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 18th most imported product in Mexico. Mexico imports Electrical Power Accessories primarily from: United States ($2.62B), China ($954M), Japan ($233M), Germany ($187M), and South Korea ($103M).

The fastest growing import markets in Electrical Power Accessories for Mexico between 2022 and 2023 were Poland ($20.4M), Thailand ($15.2M), and Hungary ($12.4M).

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 Electrical Power Accessories. 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)$1.93B
IMPORTS (2023)$4.57B
NET TRADE (2023)-$2.64B

In 2023, Mexico exported $1.93B in Electrical Power Accessories. The main destinations of Mexico exports on Electrical Power Accessories were United States ($1.52B), China ($91.9M), Canada ($60.9M), Germany ($24.9M), and India ($23.6M).

In 2023, Mexico imported $4.57B in Electrical Power Accessories, mainly from United States ($2.62B), China ($954M), Japan ($233M), Germany ($187M), and South Korea ($103M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Power Accessories EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
United States$159M (11.7%)
India$17.8M (311%)
China$8.41M (10.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Power Accessories BY Mexico WERE (2022 - 2023):
South Korea-$21.8M (-98%)
France-$3.91M (-21.2%)
Japan-$3.26M (-16.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mexico's main exporting competitors in Electrical Power Accessories were:
In 2023, Mexico's main importing competitors in Electrical Power Accessories were:

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Trade Value of Electrical Power Accessories by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $63.7M
TOP IMPORT POTENTIALChina+ $87.2M

Electrical Power Accessories’s highest export potential is China. With an export gap of $63.7M.   Electrical Power Accessories’s highest import potential is China with an import gap of $87.2M.

See methodology.

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