Navigator
Mexico
(information)
Population as of 2020: 128 million
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Region: North America
Nominal G.D.P. in 2024: $1.853 trillion
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Top Exports
Mexico exported roughly **$600–620 billion in goods in 2024**, with a highly industrial export structure dominated by **manufacturing—especially vehicles, electronics, and machinery**—closely tied to U.S. supply chains. | Rank | Export Category | Notes | | ---- | ------------------------------------------------ | ---------------------------------------------------------- | | 1 | **Vehicles (cars, trucks, parts)** | Largest sector; deeply integrated with U.S. auto industry. | | 2 | **Electrical machinery & electronics** | TVs, computers, telecom equipment. | | 3 | **Machinery (industrial equipment)** | Engines, industrial machinery. | | 4 | **Mineral fuels (crude oil & refined products)** | Important but smaller than manufacturing. | | 5 | **Medical instruments & devices** | Rapidly growing export sector. | | 6 | **Optical & precision instruments** | Industrial and medical equipment. | | 7 | **Plastics & plastic articles** | Industrial inputs. | | 8 | **Iron & steel products** | Construction and manufacturing materials. | | 9 | **Agricultural products** | Fruits, vegetables, beverages. | | 10 | **Aerospace (aircraft parts)** | Growing manufacturing niche. | Key individual export products (by value) | Rank | Product | Estimated Value (USD) | | ---- | ------------------------------------- | ------------------------------------------------ | | 11 | **Passenger vehicles** | ~$90–110 billion | | 12 | **Motor vehicle parts & accessories** | ~$80–100 billion | | 13 | **Computers & laptops** | ~$70–90 billion | | 14 | **Television receivers & displays** | ~$30–50 billion | | 15 | **Crude petroleum** | ~$20–30 billion | | 16 | **Medical instruments & equipment** | ~$20–30 billion | | 17 | **Electrical wiring & cables** | ~$20–30 billion | | 18 | **Refrigerators & appliances** | ~$20–30 billion | | 19 | **Beer** | ~$5–10 billion (Mexico is a top global exporter) | | 20 | **Avocados & agricultural produce** | ~$5–10 billion | Key Takeaways * **Manufacturing powerhouse:** Mexico’s exports are dominated by **industrial goods**, not raw materials. * **Auto industry leads:** Vehicles and parts alone make up a huge share of exports. * **U.S.-centric supply chains:** Most exports are part of **North American production networks (USMCA)**. * **Electronics hub:** Major exporter of **computers, TVs, and appliances**. Top Importers of Mexico’s Exports | Rank | Country | Notes | | ---- | ------------------ | ------------------------------------------------------------------------------- | | 1 | **United States** | By far the largest market (~80%+ of exports); vehicles, electronics, machinery. | | 2 | **Canada** | Strong USMCA integration; vehicles, parts, and industrial goods. | | 3 | **China** | Smaller share; minerals, some industrial goods. | | 4 | **Germany** | Automotive and industrial trade. | | 5 | **Japan** | Vehicles, machinery, and industrial components. | | 6 | **South Korea** | Electronics and industrial inputs. | | 7 | **Brazil** | Vehicles and manufactured goods. | | 8 | **Netherlands** | EU gateway; re-exports across Europe. | | 9 | **Spain** | Industrial goods and automotive trade. | | 10 | **United Kingdom** | Vehicles, machinery, and beverages (e.g., beer). | Key Patterns * **Extreme dependence on the U.S.**: * Around **80% of Mexico’s exports go to the United States**, one of the highest concentrations in the world. * **North American integration**: * Canada is the second-largest partner due to **USMCA supply chains**. * **Manufacturing-driven trade**: * Most exports are **finished goods and components**, not raw materials. * **Global diversification (limited)**: * Other partners (Europe, Asia) play smaller roles compared to the U.S.
