2023
Exports
$85.5MWorld Rnk 3 / 177
Flag Rnk 351 / 1189
2023
PRODUCT COMPLEXITY IN Letter Stock
0.39Rnk 419 / 1025
2023
Imports
$14.5MWorld Rnk 18 / 219
Flag Rnk 813 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $85.5M in Letter Stock, making it the 3rd largest exporter of Letter Stock in the world. At the same year, Letter Stock was the 351st most exported product in Mexico. The main destination of Letter Stock exports from Mexico are: United States ($80.9M), Canada ($4.06M), Guatemala ($193k), Colombia ($62.1k), and Costa Rica ($58.1k).

The fastest growing export markets for Letter Stock of Mexico between 2022 and 2023 were Guatemala ($133k), Canada ($82.5k), and Costa Rica ($57.1k).

Imports In 2023, Mexico imported $14.5M in Letter Stock, becoming the 18th largest importer of Letter Stock in the world. At the same year, Letter Stock was the 813th most imported product in Mexico. Mexico imports Letter Stock primarily from: United States ($10.9M), China ($2.87M), Vietnam ($210k), Spain ($199k), and Canada ($88k).

The fastest growing import markets in Letter Stock for Mexico between 2022 and 2023 were United States ($1.13M), China ($351k), and Vietnam ($201k).

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 Letter Stock. 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)$85.5M
IMPORTS (2023)$14.5M
NET TRADE (2023)$71M

In 2023, Mexico exported $85.5M in Letter Stock. The main destinations of Mexico exports on Letter Stock were United States ($80.9M), Canada ($4.06M), Guatemala ($193k), Colombia ($62.1k), and Costa Rica ($58.1k).

In 2023, Mexico imported $14.5M in Letter Stock, mainly from United States ($10.9M), China ($2.87M), Vietnam ($210k), Spain ($199k), and Canada ($88k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Letter Stock EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
Guatemala$133k (220%)
Canada$82.5k (2.08%)
Costa Rica$57.1k (5.42k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Letter Stock BY Mexico WERE (2022 - 2023):
United States-$6.27M (-7.2%)
Colombia-$17.8k (-22.3%)
Dominican Republic-$13.2k (-70.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mexico's main exporting competitors in Letter Stock were:
China $254M
Poland $99.5M
In 2023, Mexico's main importing competitors in Letter Stock were:

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Trade Value of Letter Stock by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $918k
TOP IMPORT POTENTIALChina+ $783k

Letter Stock’s highest export potential is Canada. With an export gap of $918k.   Letter Stock’s highest import potential is China with an import gap of $783k.

See methodology.

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