2022
Exports
$2.56BWorld Rnk 5 / 214
Flag Rnk 39 / 1193
2022
PRODUCT COMPLEXITY IN Thermostats
1.04Rnk 157 / 1025
2022
Imports
$1.36BWorld Rnk 5 / 223
Flag Rnk 80 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $2.56B in Thermostats, making it the 5th largest exporter of Thermostats in the world. At the same year, Thermostats was the 39th most exported product in Mexico. The main destination of Thermostats exports from Mexico are: United States ($2.19B), Brazil ($105M), Canada ($50.9M), Germany ($23.3M), and Argentina ($23.2M).

The fastest growing export markets for Thermostats of Mexico between 2021 and 2022 were United States ($313M), Canada ($18.4M), and Brazil ($15.3M).

Imports In 2022, Mexico imported $1.36B in Thermostats, becoming the 5th largest importer of Thermostats in the world. At the same year, Thermostats was the 80th most imported product in Mexico. Mexico imports Thermostats primarily from: United States ($694M), China ($213M), Japan ($112M), Germany ($79.5M), and South Korea ($53.9M).

The fastest growing import markets in Thermostats for Mexico between 2021 and 2022 were United States ($91M), China ($70.4M), and South Korea ($19.5M).

COMPANIES In 2023, leading companies such as John Deere (3), Volkswagen (3), and Ford Motor Company (1) were at the forefront of shipping Thermostats from Mexico to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

View
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 Thermostats. 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)$2.56B
IMPORTS (2022)$1.36B
NET TRADE (2022)$1.2B

In 2022, Mexico exported $2.56B in Thermostats. The main destinations of Mexico exports on Thermostats were United States ($2.19B), Brazil ($105M), Canada ($50.9M), Germany ($23.3M), and Argentina ($23.2M).

In 2022, Mexico imported $1.36B in Thermostats, mainly from United States ($694M), China ($213M), Japan ($112M), Germany ($79.5M), and South Korea ($53.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$313M (16.7%)
Canada$18.4M (56.5%)
Brazil$15.3M (17%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY Mexico WERE (2021 - 2022):
Singapore-$7.32M (-55.7%)
China-$6.29M (-27.3%)
Saudi Arabia-$5.72M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Thermostats were:
Japan $5.66B
China $5.61B
Germany $4.45B
In 2022, Mexico's main importing competitors in Thermostats were:

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Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $116M
TOP IMPORT POTENTIALChina+ $43.9M

Thermostats’s highest export potential is United States. With an export gap of $116M.   Thermostats’s highest import potential is China with an import gap of $43.9M.

See methodology.

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