The fall was mainly driven by a collapse of oil exports and a moderate decline in shipments of vehicles and auto parts. The U.S. goods and services trade deficit with Mexico was $72.7 billion in 2018. It also exports silver, fruits, vegetables, coffee, and cotton. Mexico has an export oriented economy. -Imports In 2015 Mexico imported $377B, making it the 13th largest importer in the world. The U.S. Commercial Service promotes the export of U.S. goods and services and protects U.S. business interests in Mexico. In second place for improving export sales were plastics including items made from plastic which rose 13%. The most common destination for the exports of Guatemala are United States ($4.36B), El Salvador ($1.16B), Mexico ($506M), Nicaragua ($450M), and Canada ($434M). Mexico is open for your Business! Main exports to US include: other parts and accessories of vehicles (14 percent of total sales); trucks, buses and special purpose vehicles (10 percent); passenger cars (10 percent); computers (6 percent); telecommunication equipment (5 percent). New Mexico's exports of goods 2012-2013 Topics Imports to China Automotive Industry in China: Imports and Exports Sino-U.S. trading relationship Export trade in China U.S. exports to China Mexico also has a large automobile industry active in the nation, the largest one in North America. 30% of the countrys exports are electronic goods. What Are Mexico’s Biggest Exports to the United States? Mexico Balance of Trade Mexico's main exports are manufactured products (89 percent of total shipments) and oil and oil products (6 percent). Mexico Raw materials exports are worth US$ 53,029 million, product share of 11.77%. Among manufactured products, metallic, machinery and equipment is the major category (69 percent) and automobiles account for around 31 percent of total sales. Other important categories include: electrical and electronic appliances (18 percent) and special equipment for industries (13 percent). Mexico's No. These 100 imported goods were worth a subtotal of US$309.8 billion or about three-quarters (66.3%) by value for all products imported into Mexico during 2019. Among Mexico’s major exports are machinery and transport equipment, steel, electrical equipment, chemicals, food products, and petroleum and petroleum products. Trade: The top exports of Mexico are Cars ($50.7B), Vehicle Parts ($30.1B), Computers ($29.7B), Delivery Trucks ($25B), and Telephones ($16.7B). goods and services trade with Mexico totaled an estimated $671.0 billion in 2018. The U.S. goods trade deficit with Mexico was $81.5 billion in 2018. In 2013, Mexico's main exports to the United States were electrical and mechanical machinery, medical and optical instrumentation, vehicles, mineral fuel and crude oil. Mexico's main exports are manufactured products (89 percent of total shipments) and oil and oil products (6 percent). 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. Merchandise Trade statistics data for Mexico (MEX) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. Of all Mexico imports, 46% are from the United States. According to the statistics of CIA FactBook, Mexico exported US$709,640 … The following is a list of the exports of the United States.. Exports of the United States. Exports were $299.1 billion; imports were $371.9 billion. Mexico's leading export partner is the United States (80 percent), followed by Canada (3 percent), Germany and China (2 percent each). Among manufactured products, metallic, machinery and equipment is the major category (69 percent) and automobiles account for around 31 percent of total sales. It is the 16th largest in the world in nominal terms and the 11th largest by purchasing power parity, according to the International Monetary Fund. See also Mexico’s Top 10 Exports, Mexico’s Top Trading Partners, Top Mexican Trade Balances and Mexico’s Top 10 Major Export Companies Research Sources: In the marketing year 2018/19, the United States was the main destination country of avocado exports from Mexico, with an export volume of nearly 889 thousand metric tons. Since the 1994 crisis, administrations have improved the country's macroeconomic fundamentals. Mexico exports for 2019 was $491.50B, a 2.48% increase from 2018. The US exports to Mexico as stated by the United States Trade representative: Mexico was the United States’ 2nd largest goods export market in 2015. 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. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to email this to a friend (Opens in new window), Phone system devices including smartphones, Electrical/optical circuit boards, panels, Dates/figs/pineapples/mangoes/avocadoes/guavas, Electrical lighting/signaling equpment, defrosters, Men's suits, trousers (not knit or crochet), Electric sound/visual signal bells or alarms, Cabbages, cauliflowers, kale (fresh or chilled), Plastic plates, sheets, film, tape, strips, Vehicles: US$121.3 billion (25.7% of total exports), Electrical machinery, equipment: $81 billion (17.1%), Machinery including computers: $80.7 billion (17.1%), Mineral fuels including oil: $26.6 billion (5.6%), Optical, technical, medical apparatus: $19.9 billion (4.2%), Plastics, plastic articles: $10.8 billion (2.3%), Furniture, bedding, lighting, signs, prefabricated buildings: $10.3 billion (2.2%), Beverages, spirits, vinegar: $7.5 billion (1.6%), Vehicles: US$71 billion (Down by -2% since 2018), Beverages, spirits, vinegar: $6 billion (Up by 6.5%), Furniture, bedding, lighting, signs, prefabricated buildings: $5.9 billion (Down by -9.8%), Gems, precious metals: $5.6 billion (Down by -1.7%), Ores, slag, ash: $3.4 billion (Down by -18.4%), Machinery including computers: $3.4 billion (Down by -264.5%), Optical, technical, medical apparatus: $3.4 billion (Down by -10%), Railways, streetcars: $2.4 billion (Up by 45.3%), Mineral fuels including oil: -US$14.3 billion (Down by -13.6% since 2018), Electrical machinery, equipment: -$13.8 billion (Up by 6.5%), Plastics, plastic articles: -$13.8 billion (Down by -12.4%), Iron, steel: -$7 billion (Down by -13.1%), Organic chemicals: -$5.7 billion (Down by -25.1%), Other chemical goods: -$4.2 billion (Down by -2.1%), Paper, paper items: -$3.9 billion (Down by -9.4%), Rubber, rubber articles: -$3.3 billion (Down by -15.8%), Industrias Peñoles (silver, gold, zinc, lead), Autotek Mexico (vehicles, automotive parts), Manufacturera Lee De Mexico (clothing, accessories), Tubos De Acero De Mexico (casing, tubing, pipes, iron/steel bridges). As of 2014, the United States is Mexico's largest export destination. U.S. goods exports to Mexico in 2015 were $236 billion, down 1.6% ($3.9 billion) from 2014 but up 97% from 2005. Their biggest trade partner in this product is the United States which exported over 44 million metric tonnes of corn to Mexico in … The Top US Exports to Mexico in 2017. During the last five years the imports of Mexico have increased at an annualized rate of 5.6%, from $278B in 2010 to $377B in 2015. Direct access to our calendar releases and historical data. In 2018, Mexico's exports per capita were $3.5k and its imports per capita were $3.3k. Download historical data for 20 million indicators using your browser. As per Mexico trade statistics, Mexico’s total exported commodities represent about 18% of its overall Gross Domestic Product for 2019. Mexico is currently our 3rd largest goods trading partner with $611.5 billion in total (two way) goods trade during 2018. 1980-2020 Data | 2021-2022 Forecast | Historical | Chart | News. The change in exports was -9.56 percent and the change in imports was 7.02 percent. The country boasts of major automobile firms including General Motors, Ford, and Chrysler. The top destinations for the US cars include Canada, China, Germany, Mexico, and Saudi Arabia. Values in millions of dollars. Veracruz was the first settlement of the Spanish in the Americas. Mexico’s economic freedom score is 66.0, making its economy the 67th freest in the 2020 Index. Mexico has a thriving electronics industry, the sixth largest in the world. Its overall score has increased by 1.3 points due primarily to a higher score for government integrity. Mexico ranked No. President Trump’s threat to impose new tariffs on Mexican imports … This represents a 5.8 percent rise, according to the latest analysis. Mexico's main exports are manufactured products (89 percent of total shipments) and oil and oil products (6 percent). Mexico’s top 10 exports accounted for nearly four-fifths (79%) of the overall value of its global shipments. Despite being a historical city, much of the old construction is lost. Mexico exports for … 1 export is manufactured products. The Trading Economics Application Programming Interface (API) provides direct access to our data. Mexico Raw materials imports are worth US$ 21,118 million, product share of 4.55%. Mexico Exports Mexico has an export oriented economy. Exports and imports of products by stages of processing in 2018 are below along with their corresponding Product Share as percent of total export or import. In 2017, trade between the US and Mexico increased to $462.9 billion as compared to $437.52 in the last year. Mexico is the world's eighth largest producer of oil, at almost 3 million barrels per day. Agricultural goods and mining products account for 4 percent and 1 percent, respectively. The top three U.S. exports by value in October were Motor vehicle parts, (2) … 2 among U.S. trade partners in October. In 2018, Mexico exported $441B and imported $416B, resulting in a positive trade balance of $25.2B. In September, the trade balance reported a surplus of $4.385 billion, after $6.116 billion in August and a deficit of $116 million a year before. Today, it is one of the most prominent ports of Mexico, handling all major import and exports. Mexico is a major consumer of the corn in the global market. Main imports are: metallic products, machinery and equipment (53 percent of total purchases), oil products (10 percent) and agricultural goods (3 percent). Under the agreement, exports have grown from $52 billion in 1994 to $161 billion today, and Mexico's per-capita annual income has risen 24 percent, to approximately $4,000. The economy of Mexico is a developing market economy. Based on estimates from the Central Intelligence Agency’s World Fact book Mexico shipped $409.5 billion dollars worth of goods around the globe in 2017, up by 7.8% since 2013 and up by 9.5% from 2016 to 2017. Trad… Publish your articles and forecasts in our website. The city is also known for its historical significance. Mexico's main exports are cars, crude petroleum, video displays, computers and delivery trucks. About four-fifths of Mexico’s petroleum is exported to the United States, which relies heavily on Mexico as one of its principal sources of oil. A truck factory in Ecatepec, Mexico. 2 for the same month last year. Log in. undo Reset visualizations Explore Visualizations. Computers, televisions, mobile phones, circuit boards are some of the top items manufactured in the country. Mexico was the United States’ 2nd largest goods export market in 2016. Imports to Mexico rose by 6.54%, while the exports to the United States increased by 4.86%. Data is for 2016, in millions of United States dollars, as reported by The Observatory of Economic Complexity.Currently the top thirty exports are listed. U.S. Exports by Origin State (Origin of Movement Series). 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. Manufacturing units of leading automobile brands like Ford, Chrysler, Nissan, Volkswagen, and others operate in the country. Sorry, your blog cannot share posts by email. Mexico’s trade account reported another positive result in September as exports benefit from the U.S. recovery. Petroleum is also one of the largest export items of Me… Cars accounted for 3.3% of the total exports by the US, amounting to approximately $53.6 billion. Mexico’s main declining export categories were mineral fuels & oils (-10.6%), furniture, bedding, lighting (-2.8%) and electrical machinery & equipment (-1.2%). Goods exports totaled $265.0 billion; goods imports totaled $346.5 billion. # Exports dropped 1.6% year-on-year in March, contrasting February’s 0.6% increase. Following are the most important … Total U.S. Exports (Origin of Movement) from New Mexico Top 25 6-digit HS Commodities Based on 2019 Dollar Value. This is less than Canada, Iran, or Iraq but more than other big … Fruits and nuts represent the fastest grower among Mexico’s top 10 export categories, up 13.3% in value from 2018 to 2019. U.S.-Mexico Trade FactsU.S. Mexico - Exports Exports slip in March. It had ranked No. The most recent exports are led by Bananas ($1.35B), Coffee ($775M), Knit Sweaters ($676M), Raw Sugar ($448M), and Knit T-shirts ($401M). Percent Change is from 2018 - 2019. 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