2023
Exports
$34BWorld Rnk 6 / 226
Flag Rnk 4 / 21
2023
PRODUCT COMPLEXITY IN Instruments
1.85Rnk 9 / 1025
2023
Imports
$16.6BWorld Rnk 11 / 226
Flag Rnk 7 / 21
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $34B in Instruments, making it the 6th largest exporter of Instruments in the world. At the same year, Instruments was the 4th most exported product in Mexico. The main destination of Instruments exports from Mexico are: United States ($22.7B), China ($1.79B), Canada ($1.3B), Belgium ($920M), and Germany ($907M).

The fastest growing export markets for Instruments of Mexico between 2022 and 2023 were United States ($3.43B), Ireland ($430M), and India ($190M).

Imports In 2023, Mexico imported $16.6B in Instruments, becoming the 11th largest importer of Instruments in the world. At the same year, Instruments was the 7th most imported product in Mexico. Mexico imports Instruments primarily from: United States ($8.19B), China ($2.38B), Germany ($961M), Japan ($718M), and Switzerland ($409M).

The fastest growing import markets in Instruments for Mexico between 2022 and 2023 were United States ($1.23B), Germany ($202M), and Singapore ($116M).

Latest Trends

Jan 2025

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 Instruments. 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)$34B
IMPORTS (2023)$16.6B
NET TRADE (2023)$17.4B

In 2023, Mexico exported $34B in Instruments. The main destinations of Mexico exports on Instruments were United States ($22.7B), China ($1.79B), Canada ($1.3B), Belgium ($920M), and Germany ($907M).

In 2023, Mexico imported $16.6B in Instruments, mainly from United States ($8.19B), China ($2.38B), Germany ($961M), Japan ($718M), and Switzerland ($409M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Instruments EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
United States$3.43B (17.8%)
Ireland$430M (146%)
India$190M (957%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Instruments BY Mexico WERE (2022 - 2023):
Japan-$731M (-93.8%)
South Korea-$429M (-96.2%)
Germany-$314M (-25.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.61B
TOP IMPORT POTENTIALChina+ $523M

Instruments’s highest export potential is United States. With an export gap of $1.61B.   Instruments’s highest import potential is China with an import gap of $523M.

See methodology.

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