2022
Exports
$5.72BWorld Rnk 31 / 214
Flag Rnk 15 / 1193
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$42.5BWorld Rnk 4 / 225
Flag Rnk 1 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $5.72B in Refined Petroleum, making it the 31st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 15th most exported product in Mexico. The main destination of Refined Petroleum exports from Mexico are: United States ($5.52B), Singapore ($69.5M), Guatemala ($20.7M), Colombia ($16.8M), and Panama ($12.8M).

The fastest growing export markets for Refined Petroleum of Mexico between 2021 and 2022 were United States ($2.64B), Guatemala ($10.8M), and Colombia ($4.6M).

Imports In 2022, Mexico imported $42.5B in Refined Petroleum, becoming the 4th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Mexico. Mexico imports Refined Petroleum primarily from: United States ($39.4B), Netherlands ($1.88B), Japan ($312M), China ($263M), and South Korea ($203M).

The fastest growing import markets in Refined Petroleum for Mexico between 2021 and 2022 were United States ($13.1B), Netherlands ($1.05B), and Japan ($287M).

COMPANIES In 2023, leading companies such as Chevron (5), Celebrity Cruises (2), and John Deere (1) were at the forefront of shipping Refined Petroleum from Mexico to the United States.

Latest Trends

Oct 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 Refined Petroleum. 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)$5.72B
IMPORTS (2022)$42.5B
NET TRADE (2022)-$36.8B

In 2022, Mexico exported $5.72B in Refined Petroleum. The main destinations of Mexico exports on Refined Petroleum were United States ($5.52B), Singapore ($69.5M), Guatemala ($20.7M), Colombia ($16.8M), and Panama ($12.8M).

In 2022, Mexico imported $42.5B in Refined Petroleum, mainly from United States ($39.4B), Netherlands ($1.88B), Japan ($312M), China ($263M), and South Korea ($203M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$2.64B (91.6%)
Guatemala$10.8M (109%)
Colombia$4.6M (37.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Mexico WERE (2021 - 2022):
Singapore-$250M (-78.2%)
Panama-$202M (-94%)
Brazil-$9.19M (-48.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Refined Petroleum were:
In 2022, Mexico's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.07B
TOP IMPORT POTENTIALChina+ $402M

Refined Petroleum’s highest export potential is United States. With an export gap of $1.07B.   Refined Petroleum’s highest import potential is China with an import gap of $402M.

See methodology.

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