2023
Exports
$4.64BWorld Rnk 17 / 222
Flag Rnk 24 / 1189
2023
PRODUCT COMPLEXITY IN Integrated Circuits
1.17Rnk 117 / 1025
2023
Imports
$23.5BWorld Rnk 11 / 224
Flag Rnk 3 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $4.64B in Integrated Circuits, making it the 17th largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 24th most exported product in Mexico. The main destination of Integrated Circuits exports from Mexico are: United States ($2B), China ($1.69B), Singapore ($155M), Hong Kong ($128M), and Vietnam ($97.3M).

The fastest growing export markets for Integrated Circuits of Mexico between 2022 and 2023 were Singapore ($21.8M), India ($12.5M), and Thailand ($11.1M).

Imports In 2023, Mexico imported $23.5B in Integrated Circuits, becoming the 11th largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 3rd most imported product in Mexico. Mexico imports Integrated Circuits primarily from: Malaysia ($5.44B), Chinese Taipei ($3.79B), China ($3.45B), United States ($2.9B), and Vietnam ($2.63B).

The fastest growing import markets in Integrated Circuits for Mexico between 2022 and 2023 were Vietnam ($1.1B), South Korea ($375M), and Chinese Taipei ($257M).

COMPANIES In 2024, leading companies such as ZF Friedrichshafen (16) and Robert Bosch (1) were at the forefront of shipping Integrated Circuits from Mexico to the United States.

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 Integrated Circuits. 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)$4.64B
IMPORTS (2023)$23.5B
NET TRADE (2023)-$18.9B

In 2023, Mexico exported $4.64B in Integrated Circuits. The main destinations of Mexico exports on Integrated Circuits were United States ($2B), China ($1.69B), Singapore ($155M), Hong Kong ($128M), and Vietnam ($97.3M).

In 2023, Mexico imported $23.5B in Integrated Circuits, mainly from Malaysia ($5.44B), Chinese Taipei ($3.79B), China ($3.45B), United States ($2.9B), and Vietnam ($2.63B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
Singapore$21.8M (16.4%)
India$12.5M (293%)
Thailand$11.1M (56.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY Mexico WERE (2022 - 2023):
Chinese Taipei-$573M (-93.6%)
Vietnam-$232M (-70.5%)
Hong Kong-$157M (-55%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Integrated Circuits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $628M
TOP IMPORT POTENTIALChina+ $1.05B

Integrated Circuits’s highest export potential is United States. With an export gap of $628M.   Integrated Circuits’s highest import potential is China with an import gap of $1.05B.

See methodology.

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