Mexico Exports (2024)

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Mexico Exports? ›

Among Mexico's major exports are machinery and transport equipment, steel, electrical equipment, chemicals, food products, and petroleum and petroleum products. 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.

Exports The top exports of Mexico are Cars ($48.4B), Computers ($39.3B), Crude Petroleum ($38.2B), Motor vehicles; parts and accessories (8701 to 8705) ($38.1B), and Delivery Trucks ($29.1B), exporting mostly to United States ($421B), Canada ($22.2B), China ($12.7B), Chinese Taipei ($7.86B), and South Korea ($7.29B).

Mexico is one of the most important world producers of meat, particularly beef from the northern regions. Mexico's meat is both for national consumption and export. Mexico is among the world's largest producers of oil, silver, copper, gold, lead, zinc, natural gas and wood.

Mexico is the world's largest exporter of avocados and tomatoes, the two most in-demand fresh produce products in international markets.

U.S. Merchandise Exports

2022. Leading U.S. exports to Mexico in 2022 included petroleum and coal products ($40.5 billion), motor vehicle parts ($17.5 billion), oil and gas ($15.1 billion) basic chemicals ($14.1 billions), and resin and similar products ($11.1 billion).

Key Takeaways. The largest categories of imported goods from Mexico are vehicles, electrical equipment and components, oil and gas, audio and video equipment, beverages, optical and medical equipment, and appliances.

Mexico is known for its rich culture, ancient ruins, dazzling beaches, and incredible cuisine. Tour Mayan temple ruins by day and indulge in fantastic food while listening to the rhythms of live music by night. Lounge on tropical beaches and explore the vibrant corals and marine life of the underwater world.

Mexico produces two crops not generally produced elsewhere, henequen used to produce a strong fiber and maguey, both in the agave family. Maguey is used for the making of pulque as well as mezcal. Tequila is a type of mezcal made from the blue agave in a designated zone mostly in Jalisco.

Mexico has the 11th to 13th richest economy in the world and ranks 4th with most number of poor among richest economies. Mexico is the 10th to 13th country with the most number of poor in the world.

Who is Mexico's biggest trade partner? ›

Mexico's major fresh fruit exports include melons, mangoes, grapes, avocados, strawberries, limes, and bananas.

Some of the largest quantities of food and beverage products exported from Mexico to the United States include fresh vegetables, fresh fruit, beer, wine, and snack foods.

The Bottom Line. Today, Mexico has a large, diversified, and strong economy with its oil sector, remittances from the United States, exports, agriculture, mining, tourism, and industrial activity playing the most significant roles in its growth.

In 2022, Mexico remained the second-largest source of foreign crude oil to the United States as well as the top destination for U.S. petroleum product exports and U.S. natural gas. Other top U.S. exports to Mexico include machinery, electrical machinery, vehicles, mineral fuels, and plastics.

Compared to developed countries, such as the United States, Canada and Australia, Mexico contains much broader swaths of abject poverty and regions where common luxuries that the developed world takes for granted, such as clean running water and access to quality medical care, are scarce.

Mexico, Service exports (BoP, current US$) is 37,945,065,317.00. Mexico, Imports of goods and services as percentage of GDP is 42.84 %. Mexico, Exports of goods and services as percentage of GDP is 41.10 %.

Trade forecasts and outlook for Mexico

In the decade leading to 2022, Mexico's merchandise trade balance averaged a deficit of USD 5.5 billion. The 2022 reading showed a larger deficit of USD 26.9 billion. For more trade information, visit our dedicated page.