Mexico Import and Export Data 2023

The United Mexican States in the Southern Portion of America is the 10th most populous country of the world with a population of around 128 million; it spans over a land area of 1,972,550 square kilometers and shares its borders with the United States, Guatemala, and Belize in the north and southeast direction. The country has a rich history that dates back thousands of years ago and represents the colonization of its early era like the Spanish colonization; the Spanish kingdom of the region which influences the religious ethnicity is created from the remnants of the Aztec empire.

The diverse range of flora and fauna of the region ranging from the valleys and beaches of the sites to its lush greenery including the coastline with the Pacific Ocean and the Gulf of California leading to the Caribbean Sea promotes the agricultural sector of the nation to a great extent with its mid arid climate. The contribution of the farming and industrial sectors and the rapid involvement of government investments have recorded a GDP of 2.9 trillion US dollars in 2023, this helps the country emerge as a top global trader in the global market.

Mexico is one of the rapidly evolving economies in the global trade market. The relentless investments of the government along with the Free Trade Agreements and its strategic geographical location have made Mexico a top trader at a global rate. As per the Mexico Customs Data, the top imports and exports of the nation with its trade values of 2023 are discussed below,

• Cars and automobiles (29) – Total Import trade value of 2023 – 60 billion US dollars

• Electrical machinery (85) – Total Import trade value of 2023 – 40 billion US dollars

• Medical equipment (90) – Total Import trade value of 2023 – 30 billion US dollars

• Plastics (95) – Total Import trade value of 2023 – 25 billion US dollars

• Pharmaceuticals (30) – Total Import trade value of 2023 – 20 billion US dollars

• Organic chemicals (29) – Total Import trade value of 2023 – 15 billion US dollars

• Iron and steel (73) – Total Import trade value of 2023 – 10 billion US dollars

• Optical, Photographic, and medical equipment (90) – Total Import trade value of 2023 –  8 billion US dollars

• Mineral fuels (27) – Total Import trade value of 2023 – 6 billion US dollars

• Industrial machinery (52) – Total Import trade value of 2023 – 5 billion US dollars

• Vehicles (87) – Total Export Trade Value of 2023 – 90 billion US dollars

• Electrical equipment (85) – Total Export Trade Value of 2023 – 85 billion US dollars

• Nuclear reactors and mechanical appliances (84) – Total Export Trade Value of 2023 – 70 billion US dollars

• Mineral fuels (27) – Total Export Trade Value of 2023 – 60 billion US dollars

• Optical instruments (90) – Total Export Trade Value of 2023 – 35 billion US dollars

• Fruits and nuts (08) – Total Export Trade Value of 2023 – 30 billion US dollars

• Plastics (94) – Total Export Trade Value of 2023 – 25 billion US dollars

• Precious stones and metals (71) – Total Export Trade Value of 2023 – 20 billion US dollars

• Organic chemicals (29) – Total Export Trade Value of 2023 – 15 billion US dollars

• Meat and seafood (16) – Total Export Trade Value of 2023 – 10 billion US dollars

The higher requirements of domestic needs along with effective productivity are contributing to the economic sector getting an exponential hike in its growth rate. As per the Mexico Import Data, the import and export trade destinations of the nation with its trade value of 2023 are discussed below,

• United States – Import trade revenue of 2023 – 300 billion US dollars, Total share in trade – 47%

• China – Import trade revenue of 2023 – 80 billion US dollars, Total share in trade – 13%

• Germany – Import trade revenue of 2023 – 53 billion US dollars, Total share in trade – 12%

• Japan – Import trade revenue of 2023 – 25 billion US dollars, Total share in trade – 4-5%

• South Korea – Import trade revenue of 2023 – 22 billion US dollars, Total share in trade – 4%

• Canada – Import trade revenue of 2023 – 20 billion US dollars, Total share in trade – 3%

• France – Import trade revenue of 2023 – 15 billion US dollars, Total share in trade – 3-2%

• Italy – Import trade revenue of 2023 – 12 billion US dollars, Total share in trade – 2%

• Spain – Import trade revenue of 2023 – 10 billion US dollars, Total share in trade – 2%

• United Kingdom – Import trade revenue of 2023 – 8 billion US dollars, Total share in trade – 1%

• United States – Export trade revenue of 2023 – 344 billion US dollars, Total share in trade – 85%

• Canada – Export trade revenue of 2023 – 20 billion US dollars, Total share in trade – 25%

• China – Export trade revenue of 2023 – 18 billion US dollars, Total share in trade – 20%

• Germany – Export trade revenue of 2023 – 12 billion US dollars, Total share in trade – 11%

• Japan – Export trade revenue of 2023 – 10 billion US dollars, Total share in trade – 9%

• Spain – Export trade revenue of 2023 – 9 billion US dollars, Total share in trade – 7%

• Jamaica – Export trade revenue of 2023 – 8 billion US dollars, Total share in trade – 6%

• Columbia – Export trade revenue of 2023 – 7 billion US dollars, Total share in trade – 5-6%

• South Korea  – Export trade revenue of 2023 – 6 billion US dollars, Total share in trade – 4%

• Brazil – Export trade revenue of 2023 – 5 billion US dollars, Total share in trade – 3%

Following the finance and tourism sector, the industrial sector of the nation is also contributing a major amount to balance the economic trade. The better cultivation rate due to the increased fertility of soil promotes productivity. As per the Mexico Export Data, the top 10 agricultural trades of the nation with its export trade values of 2023 are discussed below,

• Avocados (HS Code - 08) – Total export trade value of 2023 – 3.8 billion US dollars

• Tomatoes (HS Code - 07) – Total export trade value of 2023 – 1.7 billion US dollars

• Coffee (HS Code - 09) – Total export trade value of 2023 – 1.5 billion US dollars

• Beer (HS Code - 22) – Total export trade value of 2023 – 1.2 billion US dollars

• Beef (HS Code - 02) – Total export trade value of 2023 – 960 million US dollars

• Corn (HS Code - 11) – Total export trade value of 2023 – 910 million US dollars

• Strawberries (HS Code - 08) – Total export trade value of 2023 – 860 million US dollars

• Peppers (HS Code - 09) – Total export trade value of 2023 – 780 million US dollars

• Cucumbers (HS Code - 07) – Total export trade value of 2023 – 740 million US dollars

• Onions (HS Code - 07) – Total export trade value of 2023 – 690 million US dollars

The entire global and domestic production and consumption rate is dependent on the production sectors which are mainly the producing companies of a region. As per the Mexico Trade Data, the top 10 leading companies of the nation with trade values of 2023 are discussed below,

• PEMEX – Total export trade value of 2023 – 52 billion US dollars

• CEMEX – Total export trade value of 2023 – 10 billion US dollars

• FEMSA – Total export trade value of 2023 – 8 billion US dollars

• Grupo Bimbo – Total export trade value of 2023 – 7 billion US dollars

• Ternium Mexico – Total export trade value of 2023 – 6 billion US dollars

• Grupo Modelo– Total export trade value of 2023 – 5 billion US dollars

• Grupo Lala – Total export trade value of 2023 – 4 billion US dollars

• Nissan Motor Company– Total export trade value of 2023 – 3 billion US dollars

• FCA Mexico – Total export trade value of 2023 – 2 billion US dollars

• Baja Mining Corp – Total export trade value of 2023 – 1 billion US dollars