Mexico’s extensive economic reform program has it on a trajectory to become a global economic power. With that said, here are their major exports and imports. Of all Mexico imports, 46% are from the United States. In terms of purchasing power parity or PPP, Mexico is the world’s 11th largest economy. Mexico import and export data actually provided by government customs, Filter by products, shipment dates, ports, country of … Mexico was the United States’ 2nd largest goods export market in 2016. Mexico imports 49 percent of all auto parts from the United States. Imports to Mexico fell 3.9 percent year-on-year to USD 35,288 million in November of 2020, mainly due to lower purchases of oil (-28.2 percent) and capital goods (-12.9 percent). Exports: The top exports of Mexico are Cars ($50.7B), Vehicle Parts ($30.1B), Computers ($29.7B), Delivery Trucks ($25B), and Telephones ($16.7B), exporting mostly to United States ($340B), Canada ($18.3B), Germany ($7.83B), China ($7.65B), and Japan ($4.75B). Home. The increase of electric machinery is mainly supported by the mining industry and vehicle manufacture industry. Nonetheless, NAFTA has not produced trade diversion. In 2018 … American exports to Mexico totaled $265 billion. The US is Mexico’s largest supplier. Year caret-down. The Mexico-US trade astounded all of us when the total trade value amounted to $248.76 Billion as of May 2018. Brands that have manufacturing plants in Mexico include General Motors, Nissan, FCA Mexico, Volkswagen, KIA, Mazda, Toyota, Audi, Honda. All maps, graphics, flags, photos and original descriptions © 2021 worldatlas.com, The World’s Largest Oil Reserves By Country, Top Cotton Producing Countries In The World. Our customs specialists live and breathe every aspect of this process. The most common destination for the exports of United States are Mexico ($237B), Canada ($190B), China ($119B), Japan ($73.5B), and South Korea ($55.8B). Mexico Import/Export Services & IMMEX Program. Test Your Knowledge. The U.S. goods trade deficit with Mexico was $58 billion in 2015. 30% of the country’s exports are electronic goods. Mexico exports for 2019 was $491.50B, a 2.48% increase from 2018. The value of exports of commodity group 7306 "Other tubes, pipes and hollow profiles (for example, open seam or welded, riveted or similarly closed), of iron or steel." Ways Exchange Rates Affect Imports and Exports . The total value of imports (CIF) is US$ 464,268 million. Exportation of cars in Mexico has gone up with the industry accounting for 11% of all of Mexico’s exports. In 2019, the U.S. imported over 218 million barrels of Mexico's heavy crude, while exporting more than 1.2 million barrels of refined petroleum products to Mexico … Being the world’s ninth largest producer of automobiles in the world puts the country at a huge advantage of reaching multiple markets with their vehicle exports. These numbers fluctuated through the months but as countries grapple with economic downturns and trade wars this was to be expected. The Top US Exports to Mexico in 2017 In 2017, trade between the US and Mexico increased to $462.9 billion as compared to $437.52 in the last year. The country has spent $5.7 billion in procurement of medical supplies for the health sector. Overall Exports and Imports for Mexico 2018 The total value of exports (FOB) is US$ 450,532 million. This program includes 20 different industry sectors and affects 16,000 HS codes. Compare Exporter Rank Importer Rank. Computers, televisions, mobile phones, circuit boards are some of the top items manufactured in the country. Global Insights. As for foreign direct investment, the EU is the second largest investor in Mexico after the US. Our customs specialists live and breathe every aspect of this process. When we further dissect the overall trade value, we get the specific import-export values as $109.07 billion in exports to Mexico and $139.69 billion in imports from Mexico. By Oishimaya Sen Nag on August 12 2019 in Economics. In 2011, $71.4 billion USD worth of goods was exported to the US. That overall amount was $18.740 trillion as estimated by the International Trade Centre as of April 2020. This represents a 5.8 percent rise, according to the latest analysis. 959 Records On VERITRADE you will find imports and exports of QUIMIALMEL MEXICO, SA DE CV, Foreign trade information: prices, products, customers, competition, suppliers and more. Global Insights. Mexico is the world's eighth largest producer of oil, at almost 3 million barrels per day. Mexico is a giant consumer market with a population of more than 130 million people (10 th in the world), which currently imports close to 45% of its food necessities. Since their products are priced in dollars, those exports become more expensive for the foreign consumers and businesses that have to pay for them in other currencies. And with the growth of medical tourism in Mexico, the number of patients has soared as has the demand for high quality medical equipment and devices. FOREIGN TRADE IN THE LAST 5 YEARS: QUIMIALMEL MEXICO, SA DE CV . The country is bordered by the United States (US), Belize, and Guatemala. Yearly Imports # permalink to section. Mexico: Trade Statistics. Value Trade Value Growth Growth (%) Depth HS2 HS4 HS6. 13.4% of the Mexican people are employed in agriculture, 24.1% in industry, and 61.9% in the services sector, as of 2011. 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