Mexico

Compare Mexico →

MX · MEX · BACI 484 · latest data 2024

Exports

$645.1B USD, nominal · 2024

= $645,098 M29.2% over 5 yrs (up)

Imports

$551.2B USD, nominal · 2024

= $551,220 M26.6% over 5 yrs (up)

Trade balancesurplus

$93.9B USD, nominal · 2024

= $93,878 M

Total trade

$1.20T USD, nominal · 2024

= $1,196,319 M28.0% over 5 yrs (up)

World position: #6 of 225 exporters · top 5% · #12 of 225 importers · top 10% · 2024
World export share since 1995: +1.2 pp

Trade timeline

Mexico's exports grew from $82.7B in 1995 to $645.1B in 2024; the 2024 balance was $93.9B.

Loading trade timeline…

View timeline table

Exports, imports, trade balance and total trade of Mexico per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$82,672 M	$67,964 M	$14,708 M	$150,637 M
1996	$95,185 M	$85,809 M	$9,376 M	$180,994 M
1997	$109,140 M	$106,699 M	$2,441 M	$215,840 M
1998	$115,133 M	$119,749 M	−$4,616 M	$234,881 M
1999	$132,782 M	$135,271 M	−$2,489 M	$268,054 M
2000	$165,529 M	$168,562 M	−$3,033 M	$334,091 M
2001	$158,336 M	$165,695 M	−$7,359 M	$324,030 M
2002	$161,783 M	$165,082 M	−$3,299 M	$326,865 M
2003	$168,566 M	$169,538 M	−$972 M	$338,104 M
2004	$191,696 M	$190,334 M	$1,362 M	$382,030 M
2005	$216,446 M	$218,646 M	−$2,199 M	$435,092 M
2006	$256,040 M	$254,129 M	$1,911 M	$510,169 M
2007	$279,462 M	$270,114 M	$9,348 M	$549,576 M
2008	$294,057 M	$299,937 M	−$5,880 M	$593,994 M
2009	$233,794 M	$227,310 M	$6,485 M	$461,104 M
2010	$316,735 M	$298,062 M	$18,673 M	$614,797 M
2011	$367,806 M	$343,388 M	$24,419 M	$711,194 M
2012	$390,168 M	$359,887 M	$30,281 M	$750,056 M
2013	$396,028 M	$367,987 M	$28,041 M	$764,014 M
2014	$408,466 M	$380,199 M	$28,267 M	$788,665 M
2015	$391,958 M	$378,128 M	$13,830 M	$770,085 M
2016	$388,017 M	$363,894 M	$24,123 M	$751,911 M
2017	$442,979 M	$406,011 M	$36,968 M	$848,991 M
2018	$487,039 M	$445,580 M	$41,458 M	$932,619 M
2019	$499,275 M	$435,417 M	$63,858 M	$934,691 M
2020	$449,567 M	$368,173 M	$81,395 M	$817,740 M
2021	$510,354 M	$452,011 M	$58,343 M	$962,366 M
2022	$591,107 M	$523,731 M	$67,377 M	$1,114,838 M
2023	$602,516 M	$527,994 M	$74,521 M	$1,130,510 M
2024	$645,098 M	$551,220 M	$93,878 M	$1,196,319 M

30 rows

World share & rank

World export share moved from 1.6% in 1995 to 2.8% in 2024; export rank #16 → #6.

Loading world share and rank…

View share & rank table

World export and import share in percent, and world ranks, of Mexico per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	1.63%	1.34%	#16	#18
1996	1.77%	1.60%	#14	#16
1997	1.95%	1.91%	#12	#15
1998	2.07%	2.16%	#12	#13
1999	2.31%	2.35%	#12	#13
2000	2.55%	2.59%	#11	#12
2001	2.51%	2.63%	#11	#12
2002	2.44%	2.49%	#12	#13
2003	2.20%	2.21%	#12	#14
2004	2.08%	2.06%	#13	#14
2005	2.06%	2.09%	#13	#14
2006	2.12%	2.10%	#13	#14
2007	2.00%	1.93%	#13	#15
2008	1.82%	1.86%	#14	#16
2009	1.88%	1.83%	#13	#16
2010	2.11%	1.98%	#12	#15
2011	2.05%	1.91%	#12	#16
2012	2.16%	1.99%	#13	#14
2013	2.17%	2.02%	#12	#14
2014	2.23%	2.07%	#12	#13
2015	2.44%	2.36%	#10	#13
2016	2.48%	2.32%	#9	#12
2017	2.52%	2.31%	#9	#13
2018	2.55%	2.34%	#9	#13
2019	2.70%	2.35%	#8	#13
2020	2.62%	2.15%	#9	#13
2021	2.38%	2.11%	#9	#13
2022	2.45%	2.17%	#9	#13
2023	2.67%	2.34%	#8	#12
2024	2.83%	2.41%	#6	#12

30 rows

Trading partners

United States was Mexico's top trading partner in 2024, at 60.9% of total trade; the top five partners covered 79.6%.

Year

Top partner share: 60.9%
Top-5 share: 79.6%
Partners: 164
Partner HHI (0–1): 0.386

Loading world basemap…

United States $491.3B

Canada $32.0B

China $12.8B

Germany $9.9B

South Korea $7.4B

Other Asia, nes $7.1B

Spain $6.4B

United Kingdom $6.1B

Brazil $5.9B

Japan $5.5B

India $3.9B

Malaysia $1.7B

Italy $1.6B

Thailand $1.2B

Vietnam $180M

View partner table

Top partners of Mexico in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	United States	$491,348 M	$236,901 M	$728,249 M	$254,448 M
#2	China	$12,830 M	$113,503 M	$126,333 M	−$100,674 M
#3	Canada	$31,955 M	$9,265 M	$41,220 M	$22,690 M
#4	Germany	$9,859 M	$19,409 M	$29,268 M	−$9,550 M
#5	South Korea	$7,374 M	$19,257 M	$26,631 M	−$11,883 M
#6	Other Asia, nes	$7,086 M	$15,610 M	$22,696 M	−$8,525 M
#7	Japan	$5,513 M	$16,145 M	$21,658 M	−$10,633 M
#8	Brazil	$5,914 M	$7,846 M	$13,760 M	−$1,932 M
#9	Vietnam	$180 M	$13,214 M	$13,394 M	−$13,033 M
#10	Malaysia	$1,689 M	$11,627 M	$13,317 M	−$9,938 M
#11	Spain	$6,385 M	$6,119 M	$12,504 M	$266 M
#12	India	$3,893 M	$7,526 M	$11,420 M	−$3,633 M
#13	Thailand	$1,168 M	$9,042 M	$10,210 M	−$7,874 M
#14	Italy	$1,565 M	$7,921 M	$9,486 M	−$6,356 M
#15	United Kingdom	$6,126 M	$2,251 M	$8,376 M	$3,875 M

15 rows

Products & sectors

Product composition of Mexico's trade in 2024.

Year

Loading product detail for 2024 (large file, fetched on demand)…

View product table

The product table loads with the product data for 2024.

Concentration & risk

Mexico's export partners diversified over 1995–2024 — HHI 0.602 → 0.584, a concentrated export base across 149 partners in 2024.

Loading concentration trends…

View concentration table

Export and import partner HHI (0–1) and partner counts of Mexico per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.602	0.551	170	171
1996	0.616	0.568	181	167
1997	0.638	0.562	177	170
1998	0.663	0.560	176	180
1999	0.674	0.555	182	184
2000	0.677	0.545	187	186
2001	0.671	0.465	188	191
2002	0.687	0.421	183	182
2003	0.668	0.406	188	186
2004	0.644	0.375	188	201
2005	0.624	0.326	194	217
2006	0.621	0.303	206	217
2007	0.580	0.299	201	218
2008	0.535	0.277	201	218
2009	0.557	0.277	203	219
2010	0.545	0.285	197	219
2011	0.514	0.291	201	218
2012	0.503	0.295	204	219
2013	0.505	0.294	200	218
2014	0.531	0.314	174	166
2015	0.563	0.288	175	169
2016	0.556	0.281	180	170
2017	0.540	0.275	178	171
2018	0.533	0.275	183	171
2019	0.531	0.266	176	165
2020	0.544	0.257	171	165
2021	0.535	0.268	173	151
2022	0.554	0.271	168	155
2023	0.579	0.257	158	148
2024	0.584	0.234	149	145

30 rows

Downloads

The exact artifacts behind this page, as published: