Mexico is the first or second-largest export destination for 27 U.S. states. The U.S. goods trade deficit with Mexico was $81.5 billion in 2018. Mexico, Service exports (BoP, current US$) is 28,767,605,127.00. The No. Mexico is currently our 3rd largest goods trading partner with $611.5 billion in total (two way) goods trade during 2018. Mexico exports for 2018 was $479.60B, a 9.91% increase from 2017. It saw a dip when the financial crisis hit but recovered in 2011 and has been holding steady since 2014, with an increase of 1 - 2% in real GDP ever since. Exports from Mexico represent 2.5% of global exports shipped from all countries during 2019. Main imports from the United States are: other parts and accessories of vehicles (8 percent of total imports); electric apparatus (7 percent); petroleum products (6 percent) and computer accessories (6 percent). Trade drives 46% of the $86 trillion global economy. This is followed by Japan (14%) and South Korea (10%). Year. The country is bordered by United States (US), Belize, and Guatemala. imports and exports, International trade is the exchange of goods and services among countries. Mexico Product Exports to United States 2018 Value of products exported by Mexico to United States along with their export share, world growth in percentage, country growth in percentage and revealed comparitive advantage for the year 2018. Motor vehicles. In 2018, Mexico’s agricultural exports (to all countries) totaled about $31.5 billion (applying USDA’s definition of agricultural trade to the Mexican Government’s trade statistics). The value of U.S. crude oil imports from Mexico totaled $10 billion in 2017 and $14 billion in 2018. The United States was Mexico's most important country of destination when it comes to beer exports in 2018, with an exported value of almost three and a half billion U.S. dollars. The United States sold USD 265 billion of U.S. products to Mexico in 2018 and USD 34 billion in services, for a total of USD 299 billion in U.S. sales to Mexico. Total Exports (2019) $460,703,804,234 : Total Imports (2019) $455,289,486,227 : Trade Balance (2019) $5,414,318,007 : Exports of goods and services (% of GDP) (2019) 39.06%: Imports of goods and services (% of GDP) (2019) 39.11% Goods exports totaled $265.0 billion; goods imports totaled $346.5 billion. Top U.S. product exports include electronics, vehicles, fuels, minerals, plastics, and machinery. The U.S. goods and services trade deficit with Mexico was $72.7 billion in 2018. Despite a trend of currency depreciation since the financial crisis, Mexico’s economy has grown rather impressively. Mexico is a federal republic in North America with a population of 119,530,753 as of 2015. Its overall score has increased by 1.3 points due primarily to a higher score for government integrity. Mexico has gone from being one of the most closed markets in the world, to being the country that has free-trade deals with more countries than any other. That year, its exports totalled $373B, which resulted in a negative trade balance of $6.62B. U.S.-Mexico Trade FactsU.S. Mexico Service Trade data from WDI 2018. Total trade equals exports plus imports. The Top US Exports to Mexico in 2017. - Duncan Wood, director of the Mexico Institute at the Wilson Center in Washington, D.C. In 2019, Mexico was the second largest destination for U.S. agricultural exports, which totaled $19.2 billion, a less than one percent increase from 2018. Therefore, the aggregate U.S. export figure is slightly larger than the Canadian import figure. The country also has coastlines along the Pacific Ocean, Gulf of Mexico, and the Caribbean Sea. goods and services trade with Mexico totaled an estimated $671.0 billion in 2018. Imports to Mexico rose by 6.54%, while the exports to the United States increased by 4.86%. Exports were $299.1 billion; imports were $371.9 billion. Mexico was the United States' second-largest supplier of imported goods in 2018; trade with Mexico totaled an estimated $671.1 billion in 2018 and imports … In 2018, total world trade was $39.7 trillion. Imports in Mexico averaged 15237.98 USD Million from 1980 until 2020, reaching an all time high of 44290.89 USD Million in October of 2018 and a record low of 647.02 USD Million in January of 1983. With $380 billion worth of imports in 2016, Mexico ranked as the 12th-largest importing country in the world. Mexico exported US$472.3 billion worth of goods around the globe in 2019. Mexico is a major participant in international agricultural trade. I'd like to get pricing alerts, new available routes, & relevant information from iContainers (optional), Ordinary General Shareholders’ Meeting - 2018. Its finance ministry is forecasting a growth of between 2 - 3% this year and 2.5 - 3.5% in 2019. The change in exports was -9.56 percent and the change in imports was 7.02 percent. Fruits and nuts represent the fastest grower among Mexico’s top 10 export categories, up 13.3% in … Publish your articles and forecasts in our website. Mexico imports 49 percent of all auto parts from the United States. Trade: The top exports of Mexico are Cars ($50.7B), Vehicle Parts ($30.1B), Computers ($29.7B), Delivery Trucks ($25B), and Telephones ($16.7B). Mexico was the United States' second-largest supplier of imported goods in 2018; trade with Mexico totaled an estimated $671.1 billion in 2018 and imports … Download historical data for 20 million indicators using your browser. Details may not equal totals due to rounding. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Mexico is an export-oriented economy. This represents a 5.8 percent rise, according to the latest analysis. The Mexico-US trade astounded all of us when the total trade value amounted to $248.76 Billion as of May 2018. With $380 billion worth of imports in 2016, Mexico ranked as the 12th-largest importing country in the world. Exports by Country. Some resources are not available on server temporarily. Today, nearly 50% of its total imports come from its northern neighbors - 47% from the US and 2.5% from Canada. Mexico Exports 2018 Please note the exports, imports and tariff data are based on reported data and not gap filled. That's $20.8 trillion in exports and $18.9 trillion in imports. Trad… Login, By submitting the form, you accept our privacy policy, An error occurred sending trying to register your data, is not part of our routes You can choose an alternative in below, You must provide value for at least one of the fields marked in red. 2 among U.S. trade partners in October. Mexico Food Imports 2018: Main importers, trends and best strategies for market entry 3 min read February 9, 2018 Mexico bestfoodimporters Mexico is a giant consumer market with a population of more than 130 million people (10 th in the world), which currently imports close to … Top export destinations in 2018-01: 78% ($ 24 billion) - USA ; 2.73% (839 million) - Canada ; 1.49% (458 million) - China ; 1.4% (432 million) - India ; 1.32% (407 million) - Germany ; 1.16% (356 million) - Korea ; 1.07% (329 million) - Spain ; 1.01% (311 million) - Brazil ; 0.796% (244 million) - Colombia Re-exports - Unlike Canadian imports, which are based on country of origin, U.S. exports include re-exports of foreign goods. It is an important trade power as measured by the value of merchandise traded, and the country with the greatest number of free trade agreements. The United States is the largest supplier of agricultural goods to Mexico, holding a 69 percent market share. Total Imports (2018) $6,882,393,884. The global exports peaked in 2018 and are expected to retain its growth in the near future. Country / Region. These make up 56.9% of total imports. Agricultural goods account for 3 percent. U.S. exports of petroleum products almost tripled from $10.4 billion in 2008 to a record high of $30.5 billion in 2018, while the value of U.S. energy imports from Mexico were near a record low of $15.8 billion for the second consecutive year in 2018. Mexico mainly imports manufactured products (87 percent of total purchases), namely metallic products, machinery and equipment (53 percent), of which automotive (13 percent); electrical and electronic appliances (20 percent); and special equipment for miscellaneous industries (15 percent). The complete list of HS codes and sectors that must comply with PROSEC can be found in Annex 10 of the 2018 General Rules for Foreign Trade via the Mexican Tax Administration Service’s website. Looking at the past decade, Mexican imports have grown a whopping 47.9% since 2007’s $257 billion. Its landscape has evolved and the country has opened up following the North American free-trade agreement in 1994. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The Trading Economics Application Programming Interface (API) provides direct access to our data. Across the Atlantic, nearly a third of its European imports originate from Germany (30%), followed by Italy (12%) and Spain (9.7%). Mexico Trade Last Previous Highest Lowest Unit; Balance of Trade 4384.72: 6115.74: 6115.74-4625.28: USD Million: Current Account Here’s a look at Mexico’s imports over the past decade: Delay fees and GRIs have the potential to greatly affect your overall shipping costs. Are you aware? Avocados are the most valuable fruit exported from Mexico to the US, worth $1.5 billion in 2016 (Table 1). Get your instant quote for more than 250K ocean freight ratesAlready have an account? https://t.co/1DX1WELLYR #trade pic.twitter.com/5AfZQsb07r. In 2018, Mexico was the source of 9% of U.S. imported crude oil, behind only Canada and Saudi Arabia. Trade Balance (2018) -$2,860,734,558. These make up 56.9% of total imports. In 2018, Mexico (508K tonnes) and Spain (352K tonnes) represented the major exporters of pumpkin (squash and gourds)around the world, together achieving 55% of total exports. The value of total exports from Mexico was $ 30 billion in 2018-01. In 2017, trade between the US and Mexico increased to $462.9 billion as compared to $437.52 in the last year. Exports dropped 1.6% year-on-year in March, contrasting February’s 0.6% increase. Details may not equal totals due to rounding. Therefore, the aggregate U.S. export figure is slightly larger than the Canadian import figure. Mexico Imports by Country Last Previous; United States 15066184.00 13891264.00 USD THO Exports from Mexico rose 2.9 percent over a year earlier to a record high of USD 41.94 billion in October 2020, boosted by sales of non-oil products (4.5 percent), while those of oil plunged (-30.2 percent). The industry is deeply integrated between our two countries. For October 2018, re-exports to Canada were $4,781.1 million. This page provides the latest reported value for - Mexico Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. The United States imported 665,000 barrels per day of crude oil from Mexico in 2018. It had ranked No. You must provide value for the fields marked in red. Mexico exports for 2016 was $399.50B, a 1.26% decline from 2015. Farther east in the orient, Asian giants China makes up over half (53%) of its total imports from the continent. What did Mexico export in 2019? Petroleum products account for most of the value of energy exports from the United States to Mexico. Mexico - Import Tariffs Mexico ... Few U.S. exports are subject to antidumping duties that limit access to the Mexican market. Mexico has become the champion of trade. In 2017, the United States received 79% of Mexico's exports. Its top three import categories include machines, transportation, and plastic and rubbers. 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. Instituto Nacional de Estadística y Geografía (INEGI), Mexico Industrial Output Falls Less than Expected, Mexico November Inflation Rate Below Estimates, Mexico Private Investment Shrinks More than Estimated, Mexico Car Production Growth Slows in November, Mexico Consumer Morale Weakens in November, Mexico Factory Activity Shrinks for 9th Month, Mexico Business Sentiment Improves to 8-Month High, Oil Prices Slide on Friday, Book Weekly Gain, US Stocks Book Weekly Loss, S&P Links Third Fall, Senegal November Inflation Rate at 5-Month Low, Spanish Shares End Lower, Fall 3.1% on the Week. Major Mexican Fruit and Vegetable Exports. Mexico exports for 2017 was $436.35B, a 9.22% increase from 2016. Mexico exports for 2019 was $491.50B, a 2.48% increase from 2018. Trade with the United States and Canada has tripled since NAFTA's signing in 1994. That year, its exports totalled $373B, which resulted in a negative trade balance of $6.62B. Further breaking that down, we have: Machines remain its most imported product category, increasing from 34% in 2007 to 39% in 2016. Mexico is no longer the closed economy it was three decades ago. Oil products represent 10 percent of total imports, especially oil derivatives and petrochemicals. Mexico’s economic freedom score is 66.0, making its economy the 67th freest in the 2020 Index. Total Trade [1] Total Exports (2018) (Origin of Movement) $4,021,659,326. Total Exports (2019) $460,703,804,234 : Total Imports (2019) $455,289,486,227 : Trade Balance (2019) $5,414,318,007 : Exports of goods and services (% of GDP) (2019) 39.06%: Imports of goods and services (% of GDP) (2019) 39.11% That dollar amount reflects a 24% increase since 2015 and a 4.7% uptick from 2018 to 2019. Re-exports - Unlike Canadian imports, which are based on country of origin, U.S. exports include re-exports of foreign goods. Beverages, spirits, vinegar: $7.5 billion (1.6%) Fruits, nuts: $7.4 billion (1.6%) Mexico’s top 10 exports accounted for nearly four-fifths (79%) of the overall value of its global shipments. Do you know what #Mexico's three largest imports are? 3 ranked export and the top-ranked import since the precipitous decline in … Mexico's Economy Depends on Exports Mexico is the 12th largest exporter in the world. By. Mexico, Exports of goods and services as percentage of GDP is 39.29 %. 2018 : U.S. trade in goods with Mexico NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. In 2018, Mexico exported $441B and imported $416B, resulting in a positive trade balance of $25.2B. Mexico's Top Exports in 2019: 10.9% ($50 billion): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars. Mexico - Imports Exports slip in March. 2 for the same month last year. Mexico Product exports and imports 2018 Value of products imported and exported by Mexico from all countries along with their product share, Most Favored Nation (MFN) and Effectively applied tariffs (AHS) for the year 2018. Mexico’s agricultural imports (from all countries) in 2018 totaled about $28.6 billion. The complete list of HS codes and sectors that must comply with PROSEC can be found in Annex 10 of the 2018 General Rules for Foreign Trade via the Mexican Tax Administration Service’s website. May 9, 2018. Mexico, Service imports (BoP, current US$) is 37,691,030,236.00. In 2018, Mexico's exports per capita were $3.5k and its imports per capita were $3.3k. Trade Flow. Main import partners are: the United States (46 percent of total purchases), China (18 percent), Japan, Germany and South Korea (4 percent each). The United States was Mexico's most important import trading partner of chocolate in 2018, with an import's value of 199.74 million U.S. Mexico, Imports of goods and services as percentage of GDP is 41.16 %. 2018 : U.S. trade in goods with Mexico NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. For October 2018, re-exports to Canada were $4,781.1 million. Please check the Data Availability for coverage. Mexico, in turn, exports 87 percent of its auto parts production to the United States. The fall was mainly driven by a collapse of oil exports and a moderate decline in shipments of vehicles and auto parts. Mexico ranked No. U.S. exports of NDM/SMP totaled 715,491 tons in 2018, up 18 percent from the prior year, as U.S. suppliers took advantage of strong, broad-based global import demand. Mexico’s total trade with the United States was $53.66 billion in October, a change of 0.57 percent from the same month one year ago. Direct access to our calendar releases and historical data. There are no major trade barriers in the auto sector for parts and related equipment. More than 90% of Mexico's trade is under 12 free trade agreements. Mexico - Import Tariffs Mexico ... Few U.S. exports are subject to antidumping duties that limit access to the Mexican market. Merchandise trade statistics Mexico (MEX) exports and imports, with partner countries including number of products, Partner share, Share in total products, MFN and Effectively Applied Tariffs, duty free imports, dutiable imports, and free lines and number of trade agreements for year 2018 Its top three import categories include machines, transportation, and plastic and rubbers. 1980-2020 Data | 2021-2022 Forecast | Historical | Chart | News. There was an internal error while serving your request. 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