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Mexico Trade Summary

2023

Mexico exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR MEXICO 2023

Overall Exports and Imports for Mexico 2023

Exports and imports of Mexico in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 593,707 million.
  • The total value of imports (CIF) was 597,767 million.
  • At the HS6 digit level, 3,181 products were exported to 160 countries and 3,977 products were imported from 220 countries.

Mexico top 5 Export and Import partners 2023

Top five countries to which Mexico exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Mexico exports to United States worth US$ 474,696 million, with a partner share of 79.95 percent.
  2. Mexico exports to Unspecified worth US$ 23,288 million, with a partner share of 3.92 percent.
  3. Mexico exports to Canada worth US$ 17,898 million, with a partner share of 3.01 percent.
  4. Mexico exports to China worth US$ 9,212 million, with a partner share of 1.55 percent.
  5. Mexico exports to Germany worth US$ 8,847 million, with a partner share of 1.49 percent.

Top five countries from which Mexico imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Mexico imports from United States worth US$ 255,946 million, with a partner share of 42.82 percent.
  2. Mexico imports from China worth US$ 114,191 million, with a partner share of 19.10 percent.
  3. Mexico imports from Germany worth US$ 21,240 million, with a partner share of 3.55 percent.
  4. Mexico imports from Japan worth US$ 20,623 million, with a partner share of 3.45 percent.
  5. Mexico imports from Korea, Rep. worth US$ 19,562 million, with a partner share of 3.27 percent.

Mexico Top 5 Productsexports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by Mexico along with trade value are:

  1. Mexico exported Automobiles with reciprocating piston engine di , worth 29,797,256.44 (US$ Thousands).
  2. Mexico exported Petroleum oils and oils obtained from bituminou , worth 27,579,902.89 (US$ Thousands).
  3. Mexico exported Gas powered trucks with a GVW not exceeding fiv , worth 25,353,987.13 (US$ Thousands).
  4. Mexico exported Digital process units whether or not presented , worth 20,121,903.18 (US$ Thousands).
  5. Mexico exported Transmission apparatus, for radioteleph incorpo , worth 12,630,726.87 (US$ Thousands).

The top five imported HS 6 digit level products from world by Mexico along with trade value are

  1. Mexico imported Petroleum oils, etc, (excl. crude); preparation , worth 31,483,300.26 (US$ Thousands).
  2. Mexico imported Monolithic integrated circuits, digital , worth 24,063,518.47 (US$ Thousands).
  3. Mexico imported Transmission apparatus, for radioteleph incorpo , worth 18,939,830.37 (US$ Thousands).
  4. Mexico imported Parts and accessories of automatic data process , worth 16,757,727.91 (US$ Thousands).
  5. Mexico imported Tansmissions for motor vehicles , worth 6,783,117.53 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Mexico in 2023 are below

  • The maximum rate of tariff in percentage on any product was 75 percent.
  • The simple average tariff across all products was 2.78 percent.
  • The trade weighted average tariff was 1.87 .
  • The total duty free imports in thousands of US dollars were 377,295,110.73 and duty free tariff line items share was 79.61 percent.

Development Indicators 2023

Key Development Indicators of Mexico in 2023 are below

  • Mexico GDP in current US dollar was 1,793,799 million.
  • GNI per capita, Atlas method (current US$) was 12,000.00 .
  • Mexico Trade balance: as % of GDP was -1.44.
  • Trade balance in current US$ was -25,762.00 million.
  • Trade as percentage of GDP was 73.77 .
  • Trade in services as percentage of GDP was 7.35 .

Trade Indicators 2023

Trade Indicators for Mexico in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.57.
  • Index of export market penetration was 15.17.
  • World Growth in percentage was -3.13 and Mexico Country Growth was 2.09 .