2023
Exports
$5.74BWorld Rnk 5 / 226
Flag Rnk 18 / 1189
2023
PRODUCT COMPLEXITY IN Low-voltage Protection Equipment
0.68Rnk 294 / 1025
2023
Imports
$7BWorld Rnk 4 / 226
Flag Rnk 9 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $5.74B in Low-voltage Protection Equipment, making it the 5th largest exporter of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 18th most exported product in Mexico. The main destination of Low-voltage Protection Equipment exports from Mexico are: United States ($4.14B), Canada ($342M), Germany ($162M), United Kingdom ($92.9M), and China ($90.5M).

The fastest growing export markets for Low-voltage Protection Equipment of Mexico between 2022 and 2023 were United States ($257M), Canada ($51.2M), and India ($29.8M).

Imports In 2023, Mexico imported $7B in Low-voltage Protection Equipment, becoming the 4th largest importer of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 9th most imported product in Mexico. Mexico imports Low-voltage Protection Equipment primarily from: United States ($3.43B), China ($1.09B), Japan ($489M), Germany ($461M), and South Korea ($213M).

The fastest growing import markets in Low-voltage Protection Equipment for Mexico between 2022 and 2023 were United States ($287M), South Korea ($35.1M), and France ($34.7M).

COMPANIES In 2024, leading companies such as Robert Bosch (4), Volkswagen (2), and John Deere (1) were at the forefront of shipping Low-voltage Protection Equipment from Mexico to the United States.

Historical Data

Trade Balance

Color
EXPORTS (2023)$5.74B
IMPORTS (2023)$7B
NET TRADE (2023)-$1.26B

In 2023, Mexico exported $5.74B in Low-voltage Protection Equipment. The main destinations of Mexico exports on Low-voltage Protection Equipment were United States ($4.14B), Canada ($342M), Germany ($162M), United Kingdom ($92.9M), and China ($90.5M).

In 2023, Mexico imported $7B in Low-voltage Protection Equipment, mainly from United States ($3.43B), China ($1.09B), Japan ($489M), Germany ($461M), and South Korea ($213M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Low-voltage Protection Equipment EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
United States$257M (6.61%)
Canada$51.2M (17.6%)
India$29.8M (658%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Low-voltage Protection Equipment BY Mexico WERE (2022 - 2023):
China-$148M (-62%)
South Korea-$58.2M (-97.6%)
Germany-$19.8M (-10.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Mexico's main exporting competitors in Low-voltage Protection Equipment were:
In 2023, Mexico's main importing competitors in Low-voltage Protection Equipment were:

Explore Visualizations

Trade Value of Low-voltage Protection Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $273M
TOP IMPORT POTENTIALChina+ $252M

Low-voltage Protection Equipment’s highest export potential is United States. With an export gap of $273M.   Low-voltage Protection Equipment’s highest import potential is China with an import gap of $252M.

See methodology.

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