June 26, 2024
AGI News
Mexico had the 14th largest economy in the world in 2023, and is a significant player in world trade when it comes to the importing and exporting of goods. Please read on to find out all about the top 10 Mexican imports!
How big is the import market in Mexico?
According to data from World’s Top Exports, Mexican imports totalled US$604.6 billion in 2022, with goods from the US and China accounting for over 60% of all imports.
So what are the top 10 Mexican imports?
The following are the top 10 Mexican imports in 2022. This top 10 accounts for over 70% of the total US$ value of all imports to Mexico.
1. Electrical Machinery & Equipment – US$117.3 billion (19.4% of total Mexican imports)
2. Machinery Including Computers – US$94.2 billion (15.6% of total imports)
3. Mineral Fuels – US$62.9 billion (10.4% of total imports)
4. Vehicles – US$48.3 billion (8.0% of total imports)
5. Plastics – US$32.7 billion (5.4% of total imports)
6. Iron & Steel – US$20.8 billion (3.4% of total imports)
7. Optical, Technical & Medical Apparatus – US$18.7 billion (3.1% of total imports)
8. Organic Chemicals – US$13.3 billion (2.2% of total imports)
9. Articles Of Iron & Steel – US$12.7 billion (2.1% of total imports)
10. Aluminium – US$11.6 billion (1.9% of total imports)
Source: World’s Top Exports
Now we know all about the top 10 Mexican imports, let’s take a look at Mexican exports!
How big is the export market in Mexico?
According to data from World’s Top Exports, Mexican imports totalled US$593.0 billion in 2023, with the US accounting for nearly 80% of total exports!
So what are the top 10 Mexican exports?
The following are the top 10 Mexican exports in 2023. This top 10 accounts for over 65% of the total US$ value of all exports from Mexico.
1. Vehicles – US$156.5 billion (26.4% of total Mexican exports)
2. Electrical Machinery & Equipment– US$103.4 billion (17.4% of total exports)
3. Machinery Including Computers – US$93.5 billion (15.8% of total exports)
4. Mineral Fuels – US$32.6 billion (5.5% of total exports)
5. Optical, Technical & Medical Apparatus – US$27.3 billion (4.6% of total exports)
6. Furniture, Bedding, Lighting, Signs & Prefabricated Buildings – US$12.9 billion (2.2% of total exports)
7. Beverages, Spirits & Vinegar – US$12.0 billion (2.0% of total exports)
8. Plastics – US$11.7 billion (2.0% of total exports)
9. Vegetables – US$9.9 billion (1.7% of total exports)
10. Articles Of Iron & Steel – US$9.8 billion (1.7% of total exports)
Source: World’s Top Exports
So how can we help?
The importing and exporting of goods to and from Mexico can be a complicated process, and that’s where we come in! Here at AGI, we specialise in the safe transport of cargo to and from Mexico, and all across the world, providing you with professional road freight, sea freight, and air freight solutions. To find out more about our logistics services, and how we can help your business, please get in touch. We look forward to hearing from you, and for all of the latest AGI news, don’t forget to follow us on LinkedIn and Facebook!