{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:13.435Z",
  "seo": {
    "title": "Hong Kong exports to Mexico: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Hong Kong to Mexico, the product routes that need a closer look, and the conditions that may affect planning."
  },
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "email": "support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "exporter": {
    "iso3": "HKG",
    "country_name": "Hong Kong"
  },
  "importer": {
    "iso3": "MEX",
    "country_name": "Mexico"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "HKG",
    "importer_iso3": "MEX",
    "all_history_lane_count": 564,
    "current_lane_count": 434,
    "current_product_count": 434,
    "first_observed_last_year": 1996,
    "latest_data_year": 2024,
    "current_trade_usd": 1609078946.8102145,
    "attention_trade_usd": 1396457495.476548,
    "critical_trade_usd": 56816330.7567189,
    "high_volatility_trade_usd": 1252281614.8038356,
    "unrecovered_drawdown_trade_usd": 158161043.41315436,
    "declining_demand_trade_usd": 607912.5909918742,
    "concentrated_market_trade_usd": 1010713664.7326373,
    "access_friction_trade_usd": 1609078946.8102145,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 4,
    "high_attention_lane_count": 122,
    "high_volatility_lane_count": 294,
    "unrecovered_drawdown_lane_count": 201,
    "declining_demand_lane_count": 3,
    "concentrated_market_lane_count": 299,
    "access_friction_lane_count": 434,
    "trade_weighted_volatility_cv": 1.453630528817125,
    "trade_weighted_below_peak_pct": 9.932217873669815,
    "product_concentration_hhi": 560.7969615247193,
    "top1_product_share_pct": 17.451139856727707,
    "top3_product_share_pct": 33.992723763059665,
    "top_product_hs6": "851712",
    "top_product_trade_usd": 280802617.4130118,
    "top_product_description": "Telephones for cellular networks or for other wireless networks",
    "top_attention_product_hs6": "851712",
    "top_attention_product_reason": "Trade has varied substantially across reported years",
    "distance_km": 14147.544921875,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.018000001087784767,
    "has_reported_fta": 0,
    "avg_applied_tariff_pct": 13.60029642040404,
    "avg_mfn_tariff_pct": 13.60029642040404,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null,
    "buyer_biz_entry_days": 8.4,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 1293037.8663599999,
    "buyer_gdp_pc_latest": 9926,
    "buyer_population_latest": 130262.222,
    "buyer_gdp_5y_cagr_pct": 7.317392234827791,
    "buyer_gdp_pc_5y_cagr_pct": 6.467884470952012,
    "buyer_population_5y_cagr_pct": 0.7979004824760771,
    "buyer_investment_5y_avg_pct": 23.68,
    "buyer_savings_5y_avg_pct": 22.506,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 86.78613925344307,
    "critical_trade_share_pct": 3.5309846586054543,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "declining_buyer_demand",
      "concentrated_buyer_markets",
      "market_access_friction"
    ],
    "attention_level": "High attention",
    "primary_risk_reason": "Tariff, distance or agreement conditions create market-access friction",
    "buyer_gdp_mn_2024": 1293037.8663599999,
    "buyer_gdp_pc_2024": 9926,
    "buyer_population_2024": 130262.222
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 245919802.164039,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 174211826.93247297,
      "yoy_growth_pct": -29.15908950826731,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 255701810.94365805,
      "yoy_growth_pct": 46.77637876030758,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 294055118.21131784,
      "yoy_growth_pct": 14.99923177161644,
      "cagr_3y_pct": 6.1398364427813545
    },
    {
      "year": 1999,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 310135789.9197951,
      "yoy_growth_pct": 5.468590992835964,
      "cagr_3y_pct": 21.19687371366499
    },
    {
      "year": 2000,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 560995217.9943678,
      "yoy_growth_pct": 80.88696507405612,
      "cagr_3y_pct": 29.939677682019948
    },
    {
      "year": 2001,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 529120716.3845346,
      "yoy_growth_pct": -5.681777774111662,
      "cagr_3y_pct": 21.630364304549477
    },
    {
      "year": 2002,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 708240994.0532814,
      "yoy_growth_pct": 33.852440874488934,
      "cagr_3y_pct": 31.687046669046737
    },
    {
      "year": 2003,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 475234937.1611918,
      "yoy_growth_pct": -32.89926152941105,
      "cagr_3y_pct": -5.379973119995918
    },
    {
      "year": 2004,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 402456639.4276782,
      "yoy_growth_pct": -15.314172431903595,
      "cagr_3y_pct": -8.717377150826078
    },
    {
      "year": 2005,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 516363332.5598267,
      "yoy_growth_pct": 28.302848548885116,
      "cagr_3y_pct": -9.996766701474458
    },
    {
      "year": 2006,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 608990981.5449235,
      "yoy_growth_pct": 17.938463702661323,
      "cagr_3y_pct": 8.617757845921492
    },
    {
      "year": 2007,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 616266944.2482132,
      "yoy_growth_pct": 1.1947570528600515,
      "cagr_3y_pct": 15.261232432957982
    },
    {
      "year": 2008,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 579690593.9109412,
      "yoy_growth_pct": -5.935147208307856,
      "cagr_3y_pct": 3.931441970351579
    },
    {
      "year": 2009,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 340869435.67973983,
      "yoy_growth_pct": -41.198039219503336,
      "cagr_3y_pct": -17.58763067675899
    },
    {
      "year": 2010,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 420450444.2567969,
      "yoy_growth_pct": 23.34647822511917,
      "cagr_3y_pct": -11.966362415795217
    },
    {
      "year": 2011,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 415517659.6336859,
      "yoy_growth_pct": -1.173214273047174,
      "cagr_3y_pct": -10.505211874343034
    },
    {
      "year": 2012,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 420299524.5866225,
      "yoy_growth_pct": 1.150821112429301,
      "cagr_3y_pct": 7.231804008223697
    },
    {
      "year": 2013,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 411882762.9634541,
      "yoy_growth_pct": -2.002562727485002,
      "cagr_3y_pct": -0.6839129294412216
    },
    {
      "year": 2014,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 422669715.4933107,
      "yoy_growth_pct": 2.618937595796811,
      "cagr_3y_pct": 0.5704859115414518
    },
    {
      "year": 2015,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 431283108.0744581,
      "yoy_growth_pct": 2.0378542075328188,
      "cagr_3y_pct": 0.8636120254108093
    },
    {
      "year": 2016,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 420291357.12060064,
      "yoy_growth_pct": -2.5486161521447337,
      "cagr_3y_pct": 0.675921617179509
    },
    {
      "year": 2017,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 477682519.64403397,
      "yoy_growth_pct": 13.65508986828039,
      "cagr_3y_pct": 4.162822425166546
    },
    {
      "year": 2018,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 519854435.71648765,
      "yoy_growth_pct": 8.828440300448914,
      "cagr_3y_pct": 6.424046654415538
    },
    {
      "year": 2019,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 540439272.1331327,
      "yoy_growth_pct": 3.959730840475384,
      "cagr_3y_pct": 8.742374921813777
    },
    {
      "year": 2020,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 584185382.5719713,
      "yoy_growth_pct": 8.094546916653766,
      "cagr_3y_pct": 6.939244678021028
    },
    {
      "year": 2021,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 892849010.1782045,
      "yoy_growth_pct": 52.83658866082739,
      "cagr_3y_pct": 19.756406519004365
    },
    {
      "year": 2022,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 1171411627.765438,
      "yoy_growth_pct": 31.19929735170284,
      "cagr_3y_pct": 29.41587214073076
    },
    {
      "year": 2023,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 1157732804.4555907,
      "yoy_growth_pct": -1.1677213189304592,
      "cagr_3y_pct": 25.608554496657266
    },
    {
      "year": 2024,
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "export_value_usd": 1671899883.8285878,
      "yoy_growth_pct": 44.411549659316904,
      "cagr_3y_pct": 23.256760362510008
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "hs_code": "851712",
      "hs_description": "Telephones for cellular networks or for other wireless networks",
      "buyer_imports_latest_usd": 11500685392.588667,
      "current_below_peak_pct": 2.807572383768137,
      "lane_volatility_cv": 2.1233510346138442,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "hs_code": "853400",
      "hs_description": "Circuits: printed",
      "buyer_imports_latest_usd": 2821564154.9019046,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.0540383973784595,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "hs_code": "847330",
      "hs_description": "Machines: parts and accessories of automatic data processing, magnetic or optical readers, digital processing units",
      "buyer_imports_latest_usd": 17298863873.563595,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.518939697309972,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "hs_code": "851762",
      "hs_description": "Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus",
      "buyer_imports_latest_usd": 7611720806.759404,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.0992030501766956,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "hs_code": "854231",
      "hs_description": "Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits",
      "buyer_imports_latest_usd": 18057208131.227108,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.7861299979227111,
      "attention_level": "Watch",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": [
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "hs_code": "854239",
      "hs_description": "Electronic integrated circuits: n.e.c. in heading no. 8542",
      "buyer_imports_latest_usd": 4454957925.45505,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.1924988088668604,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "hs_code": "847180",
      "hs_description": "Data processing machines: automatic, units thereof n.e.s. in heading no. 8471",
      "buyer_imports_latest_usd": 2914654357.3045983,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.4375873808908135,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "hs_code": "847170",
      "hs_description": "Data processing machines: storage units",
      "buyer_imports_latest_usd": 5284442339.362538,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 2.2084636986325004,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "hs_code": "853690",
      "hs_description": "Electrical apparatus: n.e.s. in heading no. 8536, for switching or protecting electrical circuits, for a voltage not exceeding 1000 volts",
      "buyer_imports_latest_usd": 3863346851.1261454,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.9691192862977988,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "HKG",
      "importer_iso3": "MEX",
      "hs_code": "950639",
      "hs_description": "Golf equipment: other than clubs and balls",
      "buyer_imports_latest_usd": 412227496.1610625,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.320869660324649,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "long_distance_without_fta"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "HKG",
    "importer_iso3": "MEX",
    "distance_km": 14148,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "shares_ethnic_language": 0,
    "shared_religion": 0,
    "shared_legal_system": 0,
    "shared_colonial_history": 0,
    "has_fta": 0,
    "rta_coverage_ratio": null,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 0,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 1293037.8663599999,
    "importer_gdp_per_capita_usd": 9926.42261514624,
    "importer_population": 130262.222,
    "importer_biz_entry_days": 8.4,
    "importer_biz_entry_cost_pct": 15.2,
    "exporter_gdp_million_usd": 368139.247671,
    "exporter_gdp_per_capita_usd": 49660.63423817296,
    "avg_applied_tariff_pct": 13.60029642040404,
    "avg_mfn_tariff_pct": 13.60029642040404,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-08-29",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-08-29"
      }
    ]
  },
  "links": {
    "canonical": "https://www.yugalinks.com/trade/corridor/HKG-MEX/risk",
    "html": "https://www.yugalinks.com/trade/corridor/HKG-MEX/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/HKG-MEX/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/HKG-MEX/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/HKG-MEX/risk/index.ld.json",
    "home": "https://www.yugalinks.com/",
    "tradeHub": "https://www.yugalinks.com/trade/",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "workspace": "https://www.yugalinks.com/app/corridors",
    "contact": "https://www.yugalinks.com/contact",
    "email": "mailto:support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  }
}