2023
Exports
$40.1MWorld Rnk 22 / 155
Flag Rnk 462 / 1189
2023
PRODUCT COMPLEXITY IN Monofilament
0.4Rnk 413 / 1025
2023
Imports
$142MWorld Rnk 15 / 217
Flag Rnk 394 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $40.1M in Monofilament, making it the 22nd largest exporter of Monofilament in the world. At the same year, Monofilament was the 462nd most exported product in Mexico. The main destination of Monofilament exports from Mexico are: United States ($27.7M), Guatemala ($3.99M), Canada ($1.35M), Chile ($1.15M), and Dominican Republic ($847k).

The fastest growing export markets for Monofilament of Mexico between 2022 and 2023 were Guatemala ($1.42M), Dominican Republic ($540k), and Honduras ($429k).

Imports In 2023, Mexico imported $142M in Monofilament, becoming the 15th largest importer of Monofilament in the world. At the same year, Monofilament was the 394th most imported product in Mexico. Mexico imports Monofilament primarily from: United States ($73.6M), China ($26M), Canada ($13M), Germany ($10.9M), and Chinese Taipei ($3.19M).

The fastest growing import markets in Monofilament for Mexico between 2022 and 2023 were United States ($7.35M), Canada ($4.57M), and China ($1.19M).

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 Monofilament. 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)$40.1M
IMPORTS (2023)$142M
NET TRADE (2023)-$102M

In 2023, Mexico exported $40.1M in Monofilament. The main destinations of Mexico exports on Monofilament were United States ($27.7M), Guatemala ($3.99M), Canada ($1.35M), Chile ($1.15M), and Dominican Republic ($847k).

In 2023, Mexico imported $142M in Monofilament, mainly from United States ($73.6M), China ($26M), Canada ($13M), Germany ($10.9M), and Chinese Taipei ($3.19M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Monofilament EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
Guatemala$1.42M (55.5%)
Dominican Republic$540k (176%)
Honduras$429k (210%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Monofilament BY Mexico WERE (2022 - 2023):
United States-$8.84M (-24.2%)
Argentina-$1.87M (-77.5%)
Chile-$1.66M (-59%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Monofilament by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $10.1M
TOP IMPORT POTENTIALGermany+ $5.52M

Monofilament’s highest export potential is United States. With an export gap of $10.1M.   Monofilament’s highest import potential is Germany with an import gap of $5.52M.

See methodology.

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