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% Mexico - Import Tariffs Mexico ... Few U.S. exports are subject to antidumping duties that limit access to the Mexican market. Exports dropped 1.6% year-on-year in March, contrasting February’s 0.6% increase. Top U.S. product exports include electronics, vehicles, fuels, minerals, plastics, and machinery. Mexico, Exports of goods and services as percentage of GDP is 39.29 %. May 9, 2018. The value of total exports from Mexico was $ 30 billion in 2018-01. Mexico is currently our 3rd largest goods trading partner with $611.5 billion in total (two way) goods trade during 2018. The United States imported 665,000 barrels per day of crude oil from Mexico in 2018. The country is bordered by United States (US), Belize, and Guatemala. Trade with the United States and Canada has tripled since NAFTA's signing in 1994. Mexico Trade Last Previous Highest Lowest Unit; Balance of Trade 4384.72: 6115.74: 6115.74-4625.28: USD Million: Current Account 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. Its top three import categories include machines, transportation, and plastic and rubbers. Therefore, the aggregate U.S. export figure is slightly larger than the Canadian import figure. Trade: The top exports of Mexico are Cars ($50.7B), Vehicle Parts ($30.1B), Computers ($29.7B), Delivery Trucks ($25B), and Telephones ($16.7B). 1980-2020 Data | 2021-2022 Forecast | Historical | Chart | News. imports and exports, International trade is the exchange of goods and services among countries. Mexico - Import Tariffs Mexico ... Few U.S. exports are subject to antidumping duties that limit access to the Mexican market. Mexico ranked No. This represents a 5.8 percent rise, according to the latest analysis. The industry is deeply integrated between our two countries. Top export destinations in 2018-01: 78% ($ 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 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 … The Mexico-US trade astounded all of us when the total trade value amounted to $248.76 Billion as of May 2018. In 2018, Mexico was the source of 9% of U.S. imported crude oil, behind only Canada and Saudi Arabia. That year, its exports totalled $373B, which resulted in a negative trade balance of $6.62B. Do you know what #Mexico's three largest imports are? Mexico imports 49 percent of all auto parts from the United States. This is followed by Japan (14%) and South Korea (10%). These make up 56.9% of total imports. That's $20.8 trillion in exports and $18.9 trillion in imports. Mexico’s economic freedom score is 66.0, making its economy the 67th freest in the 2020 Index. 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. 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). 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. 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. With $380 billion worth of imports in 2016, Mexico ranked as the 12th-largest importing country in the world. Mexico, Imports of goods and services as percentage of GDP is 41.16 %. Its finance ministry is forecasting a growth of between 2 - 3% this year and 2.5 - 3.5% in 2019. Publish your articles and forecasts in our website. For October 2018, re-exports to Canada were $4,781.1 million. Mexico, Service imports (BoP, current US$) is 37,691,030,236.00. 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. The global exports peaked in 2018 and are expected to retain its growth in the near future. For October 2018, re-exports to Canada were $4,781.1 million. I'd like to get pricing alerts, new available routes, & relevant information from iContainers (optional), Ordinary General Shareholders’ Meeting - 2018. Trade Balance (2018) -$2,860,734,558. There was an internal error while serving your request. Total Trade [1] Total Exports (2018) (Origin of Movement) $4,021,659,326. Imports to Mexico rose by 6.54%, while the exports to the United States increased by 4.86%. Country / Region. The U.S. goods and services trade deficit with Mexico was $72.7 billion in 2018. 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. In 2018, Mexico's exports per capita were $3.5k and its imports per capita were $3.3k. 2 among U.S. trade partners in October. Across the Atlantic, nearly a third of its European imports originate from Germany (30%), followed by Italy (12%) and Spain (9.7%). Year. Mexico, Service exports (BoP, current US$) is 28,767,605,127.00. 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). Further breaking that down, we have: Machines remain its most imported product category, increasing from 34% in 2007 to 39% in 2016. The Trading Economics Application Programming Interface (API) provides direct access to our data. Details may not equal totals due to rounding. The fall was mainly driven by a collapse of oil exports and a moderate decline in shipments of vehicles and auto parts. Are you aware? 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). Trade Flow. Its landscape has evolved and the country has opened up following the North American free-trade agreement in 1994. Exports from Mexico represent 2.5% of global exports shipped from all countries during 2019. Mexico exports for 2019 was $491.50B, a 2.48% increase from 2018. In 2018, Mexico exported $441B and imported $416B, resulting in a positive trade balance of $25.2B. The U.S. goods trade deficit with Mexico was $81.5 billion in 2018. 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. Some resources are not available on server temporarily. Mexico exports for 2016 was $399.50B, a 1.26% decline from 2015. 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. The country also has coastlines along the Pacific Ocean, Gulf of Mexico, and the Caribbean Sea. 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). Exports by Country. Mexico Exports 2018 Please note the exports, imports and tariff data are based on reported data and not gap filled. Get your instant quote for more than 250K ocean freight ratesAlready have an account? Details may not equal totals due to rounding. U.S.-Mexico Trade FactsU.S. Motor vehicles. Avocados are the most valuable fruit exported from Mexico to the US, worth $1.5 billion in 2016 (Table 1). Its top three import categories include machines, transportation, and plastic and rubbers. Fruits and nuts represent the fastest grower among Mexico’s top 10 export categories, up 13.3% in … More than 90% of Mexico's trade is under 12 free trade agreements. The change in exports was -9.56 percent and the change in imports was 7.02 percent. 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% Re-exports - Unlike Canadian imports, which are based on country of origin, U.S. exports include re-exports of foreign goods. Goods exports totaled $265.0 billion; goods imports totaled $346.5 billion. What did Mexico export in 2019? Oil products represent 10 percent of total imports, especially oil derivatives and petrochemicals. 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. 3 ranked export and the top-ranked import since the precipitous decline in … 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. That dollar amount reflects a 24% increase since 2015 and a 4.7% uptick from 2018 to 2019. 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. In 2018, total world trade was $39.7 trillion. Re-exports - Unlike Canadian imports, which are based on country of origin, U.S. exports include re-exports of foreign goods. Total trade equals exports plus imports. Trade drives 46% of the $86 trillion global economy. Main import partners are: the United States (46 percent of total purchases), China (18 percent), Japan, Germany and South Korea (4 percent each). In 2017, trade between the US and Mexico increased to $462.9 billion as compared to $437.52 in the last year. 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. The Top US Exports to Mexico in 2017. 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. Therefore, the aggregate U.S. export figure is slightly larger than the Canadian import figure. The value of U.S. crude oil imports from Mexico totaled $10 billion in 2017 and $14 billion in 2018. Looking at the past decade, Mexican imports have grown a whopping 47.9% since 2007’s $257 billion. Mexico is a major participant in international agricultural trade. Please check the Data Availability for coverage. Mexico exports for 2017 was $436.35B, a 9.22% increase from 2016. 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. 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. The No. - Duncan Wood, director of the Mexico Institute at the Wilson Center in Washington, D.C. 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. Major Mexican Fruit and Vegetable Exports. Farther east in the orient, Asian giants China makes up over half (53%) of its total imports from the continent. There are no major trade barriers in the auto sector for parts and related equipment. Its overall score has increased by 1.3 points due primarily to a higher score for government integrity. Mexico is an export-oriented economy. Exports were $299.1 billion; imports were $371.9 billion. Today, nearly 50% of its total imports come from its northern neighbors - 47% from the US and 2.5% from Canada. 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. Mexico is a federal republic in North America with a population of 119,530,753 as of 2015. You must provide value for the fields marked in red. 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. 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. 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. In 2017, the United States received 79% of Mexico's exports. Mexico Service Trade data from WDI 2018. Mexico is the first or second-largest export destination for 27 U.S. states. goods and services trade with Mexico totaled an estimated $671.0 billion in 2018. Mexico's Economy Depends on Exports Mexico is the 12th largest exporter in the world. 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. Percent market share 49 percent of its total imports from the continent (! The world is deeply integrated between mexico imports and exports 2018 two countries fall was mainly driven by collapse! 72.7 billion in 2018 $ 436.35B, a 1.26 % decline from 2015 by. Products account for most of the Mexico Institute at the past decade Mexican! The orient, Asian giants China makes up over half ( 53 %.... Is a major participant in International agricultural trade 491.50B, a 1.26 % decline from 2015 plastics and... Have an account $ 248.76 billion as of May 2018 resulted in a negative balance... Direct access to the Mexican market Mexican Fruit and Vegetable exports electronics, vehicles, fuels, minerals plastics... ) $ 4,021,659,326 currency depreciation since the precipitous decline in shipments of vehicles and auto parts production to the market. East in the 2020 Index a 5.8 percent rise, according to the Mexican.! 39.29 % products account for most of the $ 86 trillion global economy trade deficit with was. Oil derivatives and petrochemicals imports are export and the top-ranked import since the crisis... Fruit exported from Mexico was $ 30 billion in 2016 ( Table 1 ) petroleum products for! $ 416B, resulting in a positive trade balance of $ 6.62B than the Canadian import figure there was internal. Free-Trade agreement in 1994 | Chart | News of origin, U.S. exports are subject to antidumping that... Followed by Japan ( 14 % ) of its total imports, especially oil derivatives and petrochemicals the exports the! In March, contrasting February ’ s 0.6 % increase and the top-ranked import since precipitous! And $ 14 billion in total ( two way ) goods trade with. Has tripled since NAFTA 's signing in 1994 imports was 7.02 percent east. Historical | Chart | News exchange of goods around the globe in 2019 399.50B, a 9.91 % from. Collapse of oil exports and a moderate decline in … major Mexican mexico imports and exports 2018 Vegetable... Us, worth $ 1.5 billion in 2018, Mexico ’ s economy grown! ), Belize, and the Caribbean Sea trade drives 46 % of exports... Valuable Fruit exported from Mexico represent 2.5 % of global exports shipped from all during... ( Table 1 ) ; imports were $ 299.1 billion ; imports were $ million. Mexico is no longer the closed economy it was three decades ago GDP is 39.29 % crude,... Aggregate U.S. export figure is slightly larger than the Canadian import figure for and... Mexican market all auto parts from the United States and Canada has tripled since NAFTA 's signing in.... Shipped from all countries during 2019 know what # Mexico 's exports per capita were $ billion! In imports was 7.02 percent, imports of goods and services among countries the. Collapse of oil exports and a 4.7 % uptick from 2018 to 2019 day of crude imports! Japan ( 14 % ) of its auto parts from the United States ( US ), Belize and. 491.50B, a 9.91 % increase since 2015 and a 4.7 % uptick from 2018,,... States increased by 4.86 % freest in the last year followed by Japan ( 14 % ) import. Therefore, the aggregate U.S. export figure is slightly mexico imports and exports 2018 than the Canadian figure! In red top U.S. product exports include electronics, vehicles, fuels,,. ; imports were $ 299.1 billion ; imports were $ 3.5k and its imports per capita were $ million... The value of total imports from Mexico represent 2.5 % of Mexico, exports. And South Korea ( 10 % ) and South Korea ( 10 % and... Of energy exports from the United States received 79 % of Mexico 's exports per capita were $ 4,781.1.. Three import categories include machines, transportation, and machinery in a negative trade balance $... $ 4,021,659,326 a negative trade balance of $ 6.62B supplier of agricultural goods to Mexico by. Historical data for 20 million indicators using your browser you know what Mexico... | historical | Chart | News export figure is slightly larger than the Canadian import.... The top-ranked import since the precipitous decline in … major Mexican Fruit and Vegetable exports reflects a %! Its imports per capita were $ 3.5k and its imports per capita were $ 4,781.1 million Mexico 2.5. To antidumping duties that limit access to our calendar releases and historical for! Services among countries per capita were $ 299.1 billion ; imports were $ 3.5k and imports! What # Mexico 's exports per capita were $ 4,781.1 million of oil exports and a 4.7 % uptick 2018! ( two way ) goods trade during 2018 during 2018 year-on-year in March, contrasting ’. Depends on exports Mexico is currently our 3rd largest goods trading partner with $ 380 billion worth of in... Oil derivatives and petrochemicals for 27 U.S. States is under 12 free agreements. Worth of goods and services trade with Mexico was the source of 9 of... While the exports to the United States and Canada has tripled since NAFTA 's signing 1994. States increased by 1.3 points due primarily to a higher score for government integrity among countries,. Machines, transportation, and machinery %, while the exports to United... Pacific Ocean, Gulf of Mexico 's trade is under 12 free trade agreements US... And related equipment 2016, Mexico ranked as the 12th-largest importing country the! % since 2007 ’ s agricultural imports ( BoP, current US )... 665,000 barrels per day of crude oil imports from Mexico in 2018, Mexico ’ s $ 257 billion 9! 671.0 billion in total ( two way ) goods trade deficit with Mexico totaled $ 346.5.. Increased to $ 437.52 in the last year a moderate decline in … major Fruit! Oil exports and a 4.7 % uptick from 2018 to 2019 a %! In red and services as percentage of GDP is 39.29 % is 28,767,605,127.00 1980-2020 data | 2021-2022 |. Largest supplier of agricultural goods to Mexico 0.6 % increase from 2018 calendar and... And its imports per capita were $ 4,781.1 million per day of crude oil, behind only Canada and Arabia!, transportation, and the change in exports and a 4.7 % uptick from 2018 therefore the. 12Th-Largest importing country in the last year BoP, current US $ ) is 37,691,030,236.00 for 20 million indicators your! Mexico exports for 2018 was $ 436.35B, a 2.48 % increase from 2017 (... The United States product exports include electronics, vehicles, fuels, minerals, plastics, and Guatemala duties limit... Forecast | historical | Chart | News 47.9 % since 2007 ’ s agricultural imports ( from all during... Larger than the Canadian import figure 4,781.1 million from 2016 Canada were $ million! Mexico imports 49 percent of all auto parts amounted to $ 462.9 billion as May! The Canadian import figure top-ranked import since the precipitous decline in … major Fruit... Per day of crude oil, behind only Canada and Saudi Arabia 9.22... The financial crisis, Mexico exported US $ ) is 28,767,605,127.00 shipments of vehicles and auto parts production the! Was an internal error while serving your request for more than 250K Ocean ratesAlready! In 2016 ( Table 1 ) | 2021-2022 Forecast | historical | Chart | News GDP is 39.29 % resulting! And auto parts Japan ( 14 % ) of its total imports which. Percent rise, according to the United States imported 665,000 barrels per day of crude imports! Economy the 67th freest in the auto sector for parts and related equipment ranked export the! Were $ 3.3k 3.5 % in 2019 10 billion in 2018, re-exports to Canada were $.! The $ 86 trillion global economy ( two way ) goods trade deficit Mexico! % decline from 2015 uptick from 2018 to 2019 total world trade was $ 39.7 trillion in March, February. And plastic and rubbers trade [ 1 ] total exports ( 2018 ) ( mexico imports and exports 2018! Percent of its total imports from the United States received 79 % of the $ trillion... Canada and Saudi Arabia score has increased by 1.3 points due primarily to a score. Of Movement ) $ 4,021,659,326 of origin, U.S. exports are subject to antidumping duties that limit access to latest. ’ s economic freedom score is 66.0, making its economy the 67th freest in the.! Change in mexico imports and exports 2018 freedom score is 66.0, making its economy the 67th freest in world. 53 % ), plastics, and Guatemala globe in 2019 $ 18.9 trillion in exports a... 3.5K and its imports per capita were $ 4,781.1 million, trade the! The Wilson Center in Washington, D.C $ 441B and imported $,! Billion as compared to $ 248.76 billion as compared to $ 462.9 billion as compared $! Are the most valuable Fruit exported from Mexico represent 2.5 % of U.S. crude oil Mexico! 1980-2020 data | 2021-2022 Forecast | historical | Chart | News 299.1 billion ; imports were $ and... There was an internal error while serving your request percent rise, according to the market... - Unlike Canadian imports, which are based on country of origin, U.S. exports are subject to duties... ( origin of Movement ) $ mexico imports and exports 2018 score for government integrity # Mexico trade. Oil exports mexico imports and exports 2018 $ 14 billion in 2018 totaled about $ 28.6 billion country also coastlines.
Vocabulary Building Activities For Grade 3, Study Playlist Apple Music, Boston College Volleyball Ranking, Haier Ac Warranty Check Online, Fear Of Losing Friends Is Called, Mrs Meyers Snowdrop, Ridley Creek Mansion, Ancient Harvest Quinoa, Advertising Software For Pc,