[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · MEX · 2024
Mexico trade profile
In 2024, Mexico recorded $632.1B in merchandise exports and $605.7B in imports, producing a $26.4B trade surplus. Exports changed +5.0% from the previous year, while imports changed +4.5%.[1]
Exports
$632.1B
+5.0%
Imports
$605.7B
+4.5%
Trade balance
$26.4B
surplus
Active partners
270
55 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$164.2B
HS 87 · Vehicles
87 active HS6 lines · 155 export partners
2$119.4B
HS 84 · Machinery
515 active HS6 lines · 161 export partners
3$110.8B
HS 85 · Electrical machinery
262 active HS6 lines · 158 export partners
4$31.9B
HS 90 · HS chapter
142 active HS6 lines · 152 export partners
5$27.6B
HS 27 · Mineral fuels and oils
43 active HS6 lines · 87 export partners
6$13.7B
HS 22 · HS chapter
24 active HS6 lines · 147 export partners
7$13.1B
HS 94 · HS chapter
42 active HS6 lines · 137 export partners
8$11.7B
HS 39 · HS chapter
129 active HS6 lines · 149 export partners
Leading export markets
Destinations rank bilateral export flows from Mexico; growth describes each corridor rather than the whole economy.
1$494.7B
United States
Annual change +5.6% · 3-year CAGR 9.4%
2$31.5B
Canada
Annual change +1.1% · 3-year CAGR 8.4%
3$14.8B
China
Annual change +1.1% · 3-year CAGR 0.4%
4$8.7B
Germany
Annual change -12.4% · 3-year CAGR 1.6%
5$6.5B
South Korea
Annual change -1.6% · 3-year CAGR -1.0%
6$5.6B
Spain
Annual change +7.8% · 3-year CAGR 6.2%
7$5.5B
Brazil
Annual change +9.5% · 3-year CAGR 9.6%
8$5.1B
Japan
Annual change +20.1% · 3-year CAGR 1.1%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.