2023
Exports
$1.9BWorld Rnk 16 / 219
Flag Rnk 55 / 1189
2023
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.86Rnk 6 / 1025
2023
Imports
$4.45BWorld Rnk 10 / 226
Flag Rnk 19 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $1.9B in Machinery Having Individual Functions, making it the 16th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 55th most exported product in Mexico. The main destination of Machinery Having Individual Functions exports from Mexico are: United States ($1.52B), Canada ($65M), Chinese Taipei ($52.5M), Germany ($30.7M), and Malaysia ($27M).

The fastest growing export markets for Machinery Having Individual Functions of Mexico between 2022 and 2023 were United States ($148M), Chinese Taipei ($45.9M), and Canada ($18.2M).

Imports In 2023, Mexico imported $4.45B in Machinery Having Individual Functions, becoming the 10th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 19th most imported product in Mexico. Mexico imports Machinery Having Individual Functions primarily from: United States ($1.82B), China ($566M), Germany ($507M), Japan ($403M), and South Korea ($272M).

The fastest growing import markets in Machinery Having Individual Functions for Mexico between 2022 and 2023 were United States ($192M), Germany ($115M), and China ($78.4M).

COMPANIES In 2024, leading companies such as Ford Motor Company (2) and John Deere (1) were at the forefront of shipping Machinery Having Individual Functions 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 Machinery Having Individual Functions. 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)$1.9B
IMPORTS (2023)$4.45B
NET TRADE (2023)-$2.55B

In 2023, Mexico exported $1.9B in Machinery Having Individual Functions. The main destinations of Mexico exports on Machinery Having Individual Functions were United States ($1.52B), Canada ($65M), Chinese Taipei ($52.5M), Germany ($30.7M), and Malaysia ($27M).

In 2023, Mexico imported $4.45B in Machinery Having Individual Functions, mainly from United States ($1.82B), China ($566M), Germany ($507M), Japan ($403M), and South Korea ($272M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
United States$148M (10.8%)
Chinese Taipei$45.9M (694%)
Canada$18.2M (38.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Mexico WERE (2022 - 2023):
South Korea-$20.4M (-87.9%)
Germany-$16M (-34.2%)
New Zealand-$4.6M (-67.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mexico's main exporting competitors in Machinery Having Individual Functions were:
In 2023, Mexico's main importing competitors in Machinery Having Individual Functions were:

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $209M
TOP IMPORT POTENTIALChina+ $124M

Machinery Having Individual Functions’s highest export potential is United States. With an export gap of $209M.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $124M.

See methodology.

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