2022
Exports
$38.1BWorld Rnk 4 / 226
Flag Rnk 4 / 1193
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2022
Imports
$29.3BWorld Rnk 3 / 225
Flag Rnk 2 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $38.1B in Motor vehicles; parts and accessories (8701 to 8705), making it the 4th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 4th most exported product in Mexico. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Mexico are: United States ($31.8B), China ($2.64B), Canada ($1.19B), Brazil ($650M), and South Korea ($420M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Mexico between 2021 and 2022 were United States ($5.16B), China ($1.72B), and Canada ($384M).

Imports In 2022, Mexico imported $29.3B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 3rd largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 2nd most imported product in Mexico. Mexico imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: United States ($16.5B), China ($3.57B), Germany ($2.35B), South Korea ($1.42B), and Japan ($1.42B).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Mexico between 2021 and 2022 were United States ($2.43B), China ($526M), and South Korea ($270M).

COMPANIES In 2023, leading companies such as General Motors (214), ZF Friedrichshafen (187), and Schaeffler Group (125) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from Mexico to the United States.

Latest Trends

Aug 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 Motor vehicles; parts and accessories (8701 to 8705). 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 (2022)$38.1B
IMPORTS (2022)$29.3B
NET TRADE (2022)$8.8B

In 2022, Mexico exported $38.1B in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Mexico exports on Motor vehicles; parts and accessories (8701 to 8705) were United States ($31.8B), China ($2.64B), Canada ($1.19B), Brazil ($650M), and South Korea ($420M).

In 2022, Mexico imported $29.3B in Motor vehicles; parts and accessories (8701 to 8705), mainly from United States ($16.5B), China ($3.57B), Germany ($2.35B), South Korea ($1.42B), and Japan ($1.42B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$5.16B (19.4%)
China$1.72B (188%)
Canada$384M (47.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Mexico WERE (2021 - 2022):
Russia-$123M (-99.9%)
Japan-$52.8M (-21.8%)
Saudi Arabia-$25.8M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, Mexico's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $974M
TOP IMPORT POTENTIALChina+ $697M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is United States. With an export gap of $974M.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is China with an import gap of $697M.

See methodology.

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