Searchable List of Mexico’s Most Valuable Export Products
| Rank | Mexico's Export Product | 2021 Value (US$) | Change |
| 1 | Cars | $39,909,676,000 | -0.8% |
| 2 | Computers, optical readers | $33,319,432,000 | +4.1% |
| 3 | Trucks | $30,686,694,000 | +24.3% |
| 4 | Automobile parts/accessories | $30,525,328,000 | +14% |
What are some important products in Mexico?
Mexico’s biggest export products by value in 2020 were cars, computers, automotive parts or accessories, trucks and crude oil. In aggregate, those major exports accounted for 32.8% of overall exports sales from Mexico. That percentage suggests a relatively concentrated range of exported goods. Mexico is the world leader for exporting trucks ...
What are the main products that Mexico exports?
Mexico’s Top 10 Exports
- Vehicles: US$100.7 billion (24.1% of total exports)
- Machinery including computers: $75.5 billion (18.1%)
- Electrical machinery, equipment: $75 billion (17.9%)
- Optical, technical, medical apparatus: $18.6 billion (4.4%)
- Mineral fuels including oil: $16.8 billion (4%)
- Plastics, plastic articles: $9.1 billion (2.2%)
What product is Mexico famous for?
What Are the Most Common Products Imported from Mexico?
- Vehicles. Did you know that Mexico produces 16 out of every 100 cars sold in the United States? ...
- Auto Parts and Equipment. According to data from the Mexican Auto Parts Industry, the volume of auto parts exported from Mexico to the United States exceeds the value of ...
- Electronics and Appliances. ...
- Crude Petroleum. ...
- Medical Instruments. ...
- Beer. ...
- Plastic items. ...
What are some products that are made in Mexico?
Other items manufactured in Mexico
- Cars, Trucks, and Automobiles
- Electrical machinery
- Optical, technical, medical Devices and apparatus
- Lighting and signs
- Prefab buildings
- Plastics and plastic articles
- Iron or steel parts and finished goods
- Gems and precious metals
- Rubber and rubber parts
What is Mexico's biggest product?
Searchable List of Mexico's Most Valuable Export ProductsRankMexico's Export ProductChange1Cars-0.8%2Computers, optical readers+4.1%3Trucks+24.3%4Automobile parts/accessories+14%96 more rows•May 17, 2022
What is Mexico's main export?
Mexico's main exports are manufactured products (89 percent of total shipments) and oil and oil products (6 percent).
What are Mexico's top 3 exports?
Mexico's Top ExportsCrude petroleum – $9.78 billion.Gold – $4.82 billion.Refined petroleum – $2.82 billion.Copper ore – $2.47 billion.Silver – $1.81 billion.
What is Mexico best known for?
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.
What are the top 3 imports of Mexico?
Mexico's Top 10 ImportsElectrical machinery, equipment: US$82.9 billion (21.6% of total imports)Machinery including computers: $65.9 billion (17.2%)Vehicles: $32.1 billion (8.4%)Mineral fuels including oil: $25.1 billion (6.6%)Plastics, plastic articles: $21.9 billion (5.7%)More items...•
What are the main imports from Mexico?
The largest categories of imported goods from Mexico are vehicles, electrical machinery, machinery, agricultural products, mineral fuels, and optical and medical equipment.
What is Mexico's major imports and exports?
Mexico: Exports And ImportsRankTop ExportsTop Imports1Crude PetroleumRefined Petroleum2CarsVehicle Parts3Vehicle PartsIntegrated Circuits4Delivery TrucksComputers1 more row•Aug 12, 2019
What product does Mexico specialize in?
Mexico has the ninth-largest economy in the world. Its main industries are food and beverages, tobacco, chemicals, iron and steel, petroleum, clothing, motor vehicles, consumer durables, and tourism. It is a major exporter of silver, fruits, vegetables, coffee, cotton, oil and oil products.
What are Mexico's main exports and imports?
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. Mexico's major imports include machinery and transport equipment, chemicals, and consumer goods.
What is Mexico's biggest export to us?
Mexico-United States In 2020, Mexico exported $326B to United States. The main products that Mexico exported to United States are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no.
What is the largest import from Mexico?
The largest categories of imported goods from Mexico are vehicles, electrical machinery, machinery, agricultural products, mineral fuels, and optical and medical equipment.
Who is Mexico's biggest trading partner?
Mexico is one of the largest goods trading countries in the world. United States, followed by Germany, is the largest trading partner of Mexico. The country has the 11th largest economy by purchasing power parity and 15th largest by nominal GDP.
What are the main exports of Mexico in 2020?
Mexico’s biggest export products by value in 2020 were cars, computers, automotive parts or accessories, trucks and crude oil.
How much of Mexico's GDP will be exported in 2020?
In macroeconomic terms, Mexico’s total exported goods represent 16% of its overall Gross Domestic Product for 2020 ($2.614 trillion valued in Purchasing Power Parity US dollars). That 16% for exports to overall GDP per PPP in 2020 compares to 18% for 2019.
How much did Mexico ship in 2020?
Formally the United Mexican States, Mexico shipped US$418.1 billion worth of goods around the globe in 2020. That dollar amount reflects an 11.8% increase since 2016 but a -9.2% downtick from 2019 to 2020.
How much trade surplus will Mexico have in 2020?
Overall Mexico posted a $34.8 billion trade surplus in 2020. That amount reflects a 543.4% increase from $5.4 billion in black ink one year earlier.
Which country exports the most trucks?
Mexico is the world leader for exporting trucks and ranks among the top countries for global sales of computers, cars and automotive parts or accessories.
Does Mexico have a trade deficit?
Mexico has highly negative net exports and therefore deep international trade deficits for plastics as a material and items made from plastics.
Does Mexico have a good export market?
Mexico has highly positive net exports in the international trade of cars, trucks, tractors plus automotive parts or accessories. In turn, these cashflows indicate Mexico’s strong competitive advantages under the vehicles product category.
How much oil does Mexico export?
Mexico is one of the few countries in the world that can boast the status of a major oil producer. It currently exports 48 percent of its oil directly to the United States, amounting to over 210 million barrels. Mexico currently receives 18 billion dollars a year from crude oil exports alone, and these revenues are unlikely to decrease due to the country’s massive oil reserves.
What are the four largest suppliers of fruits and nuts?
The American consumer is defined by his or her desire to live a healthier lifestyle, which means that natural products such as fruits and nuts are in higher demand. Mexico, Guatemala, Costa Rica, and Ecuador are the four largest suppliers, accounting for 75 percent of the country’s overall purchases. This distribution has been consistent for the past five years.
Which country is the second largest supplier of agricultural products to the United States?
Did you know that Mexico is the second-largest supplier of agricultural products to the United States? We spend almost two billion dollars on tomatoes alone, but we also get vegetables like berries and avocados. We also get snack food as well as processed fruit and vegetables.
Is Mexico exporting auto parts?
According to data from the Mexican Auto Parts Industry, the volume of auto parts exported from Mexico to the United States exceeds the value of light car shipments abroad by 1.3 times and the revenue from truck and tractor exports by 5 times. Since shippers are now trying to cut prices, manufacturing in Mexico looks like an interesting alternative for building auto parts abroad.
What are the products made in Mexico?
There are a wide variety of products that are made in Mexico. Including clothing, textiles, garments, apparel, appliances, electronics, medical devices, automobiles and much more.
What is the major manufacturer of consumer goods in Mexico?
Mexico is a major manufacturer of consumer goods, that includes everything from toothpaste to Televisions. Consumer goods may be one of the broadest categories to define, but Mexico has a huge amount of manufacturers in this category. Fender makes guitars in Mexico, Bose makes their speakers in Mexico.
What is Mexico known for?
Mexico has a thriving textile industry that is famous for its quality. In addition to many large factories, Mexico has a thriving craftsman and artisan industry made up of small locally owned factories. These make everything from Hammocks, dresses, embroidery, rugs, and more Mexico is famous for its embroidery and uses of unique fabrics such as huipil and sisal from Agave.
How much did Mexico export in 2018?
Mexico exported more than USD 450 BIllion worth of goods in 2018. Due to it’s shared border it’s no surprise that Mexico’s top trading partner is the United States. Northern Mexico has several industrial parks near the border that cater to the United States.
Where are the largest appliances made?
Mexico is the largest appliance manufacturer in the world! Conveniently for Americans, most of the factories are located near the border. Mexico has several modern and advanced manufacturing facilities that can produce everything from Blenders to Refrigerators. This category includes electronic Homegoods as well such as Vacuums and Microwaves manufactured in Mexico.
What is Mexico's metal industry?
Mexico has a large metal manufacturing industry that largely supports is Automobile manufacturing. Mexico has set its factories near the US border so that they can quickly supply components to American Manufacturers. These range from very high-end components made for the Aerospace and Automobile industries, to basic items for use in appliances and other items. Items made of steel, iron, titanium, and aluminum are made in Mexico. Metal manufacturing in Mexico includes all types such as sheet metal, additive and subtractive, wire manufacturing, and much more.
Where are washing machines made?
Washing machines, refrigerators, stoves, ovens, vacuum cleaners, Microwave ovens, toasters, Blenders, slow cookers, and much more are Made in Mexico. These range from basic items to the latest high-end Samsung devices with integrated screens and smart assistance.
Which country exports corn to Mexico?
Mexico is a major consumer of the corn in the global market. Their biggest trade partner in this product is the United States which exported over 44 million metric tonnes of corn to Mexico in 2019. Other countries that supply Mexico’s corn include Argentina which provided Mexico with 150, 000 tonnes of corn to supplement their export from the U.S. ...
Which countries does Mexico supply oil to?
Other countries that Mexico supplies oil to include Canada, China, Japan, New Zealand, Australia and Germany. Currently, Mexico earns 18 billion dollars annually from crude oil exportation alone and since the country’s oil reserves are significant, this is an avenue of revenue not expected to decline anytime soon.
What are the major auto companies in Mexico?
Brands that have manufacturing plants in Mexico include General Motors, Nissan, FCA Mexico, Volkswagen, KIA, Mazda, Toyota, Audi, Honda. In the first few months of 2019 auto exports were low, but they quickly reached an all-time high in March of 2019. Mexico is the 5th largest exporter and manufacturer of specialized and heavy vehicles ...
Which country is looking for more corn?
Lately, Mexico has been looking to Brazil for more corn as the country stares at a stalemate over the NAFTA trade agreement with its biggest supplier of corn: the United States.
Why is Mexico a major mining country?
The mining industry in Mexico is a major player in the government’s revenue generation because the country has an excellent geological potential for mining. Countries like Canada, Germany, United States, Japan and Spain have large mining investments in the country giving them priority as export destinations for minerals from Mexico.
How much of Mexico's medical supplies are imported?
80% of Mexico’s medical supplies and equipment are imported into the country. The country has spent $5.7 billion in procurement of medical supplies for the health sector. The Mexican health sector is divided into three parts: medical services, pharmaceuticals/bio-pharma and medical devices.
Which country is the largest oil producer in the world?
There are only a handful of countries in the world that can lay claim to be a major oil producer in the world. Mexico is one of them. Mexico has long been a trade partner with the United States, Spain, New Zealand and other developed economies worldwide.
What is Mexico's top exporter of silver?
Minerals. Also relevant is mining. Mexico is still a top exporter of silver (ore), but it also exports in smaller numbers copper, iron, and scrap metal (ore). Hence, if you own something made of silver, it’s most likely Mexican silver. FYI, Scrap metal is Mexico’s top export to China and South Korea, followed closely by cars and electronics. The market for scrap metals is so huge because of this export demand, that phone companies report that in very poor areas, people steal the copper cables from the poles, burn off the plastic (if any) and sell it off as scrap.
What is the problem with Mexico's economy?
This explains (simply) the problem with Mexico’s economy: income is unequal, polarized and productivity is stuck. Those that have skills to add value in important value chains (like cars) make the most, but Mexico provides mostly just cheap labor or very simple parts. So of that income, very little actually stays in the country. Furthermore, most high-value parts of cars (like the electronics, computers, software, robots for manufacturing and such) are all imported from Japan and the US, including the engineers and highly-skilled operators, leaving most Mexicans to low-wage jobs like janitors, security, simple assembly operations, running the cafeteria, driving the trucks that take the cars to the ports, etc. But the companies that own the ships, the trucks, the plants, the technology, and other higher-value parts of the chain are all foreign. There are no Mexican owned car manufacturers, so most of this money is sent abroad.
What are the brands of household appliances?
Household appliances like microwaves, refrigerators, washers and dryers, etc. of many many different brands that are all well known (Samsung, LG, GE, Whirlpool, Easy…)
What are some examples of cars?
A common example would be cars. Take this one for instance. A Nissan Versa.
Does Mexico own telecoms?
Telecommunication operation. While Mexico doesn’t actually ‘own’ any telecomms technology, América Móvil (a Mexican company) owns and manages mobile phone and pay TV companies in almost every country in the american continent (That’s from Canada all the way south to Argentina and Chile), with some operations is central and eastern Europe. It’s worth noting that when it tried to expand to the Netherlands by acquiring KPN, the local government did not allow it citing ‘national security’… Xenophobic BS in my opinion, they couldn’t stand the idea of some Mexicans running their phone company, but it’s ok if they run companies in foreign countries, right?
Is there corruption in Mexico?
Law and standards. These are two completely different things from other parts of the world. There really aren't any consequences in Mexico so investors are scared to put their money into projects, corruption is also a big problem. If you make an investment in Mexico the chances are that you could potentially lose everything from somebody who just wants to take it. Especially if you are not Mexican. law enforcement cannot be trusted to solve your problems neither can the judicial system whatever that means here. So what it all comes down to is there's not a lot of advancement and people are afraid to put money into anything so to me, that lowers the cost of goods and services that people are not willing to pay.
Is Mexico a large country?
As a country, Mexico is one of the world’s 15 largest economies (measured by GDP). Since it also has a large population (about 128 million), GDP per capita is not so great (it occupies the 59th, 63rd or 65th place, depending on who does the counting). Add to that the issue of inequality: Mexico ranks among the most unequal places on Earth, along with some other Latin American and African countries, plus China. The result? Some urban pockets of great wealth surrounded by very poor neighborhoods and, for the most part, a very poor rural population.
What is Mexico's biggest industry?
Mexico is the world’s sixth-largest oil producer. Tobacco, aerospace, petroleum, and mining among others are some of Mexico's biggest industries. They all play a significant part in the economy of the country.
What is the industrial sector in Mexico?
As a whole, Mexico’s industrial sector has benefited from the liberalization of trade. In the year 2000, the industrial sector accounted for 50% of all the export earnings. One of the country’s most significant manufacturers includes the automotive industry, as well as food, electronics, and oil. Other major industries in the country include the energy, tourism, finance and banking sectors among others.
What is the aerospace industry in Mexico?
Even though the aircraft industry in Mexico is mostly foreign just like its automotive industry, the country has established its firms such as Aeromarmi which is a company that builds light propeller airplanes. Another example is Hydra Technologies, a company building Unmanned Aerial Vehicles also known as drones such as the S4 Ehecatl.
What was the impact of the 2002 South American crisis on Mexico?
Administrations have improved the microeconomic fundamentals of Mexico since the 1994 crisis. Even though the 2002 South American crisis did not significantly affect the country, there were low growth rates following a short period of stagnation. In spite of this, Mexico was among the Latin American countries that were most affected by ...
What are the big three in Mexico?
Chrysler, General Motors, and Ford, also known as the ‘Big Three’ have been operating in the country as of the 1930s. Nissan and Volkswagen established their branches sometime around the 1960s while BMW, Mercedes-Benz, Toyota, and Honda later joined the Mexican automotive industry.
What are the unsolved issues in Mexico?
Some of Mexico’s unsolved issues include the reduction of income equality, the improvement of infrastructure and the modernization of labor laws and tax systems. In 2013, the country’s tax revenues altogether ...
Is Pemex a publicly owned company?
The country is the world’s sixth-largest oil producer, producing about 3,700,000 barrels daily. Pemex, a Mexican publicly-owned company is responsible for research, oil exploration as well as the sale of oil, and it is the second largest Latin American company after Petrobras found of Brazil and the largest in Mexico.
What are some products that have a designation of origin in Mexico?
Mangoes, alcoholic drinks, rice, and chili peppers are some of the products with a designation of origin in Mexico. Designation of origin protect the natural and cultural heritage of a country. In turn, they also position the name of that country, in this case, Mexico, as the source of a product or processes with an unrivaled quality.
How many products are in the Mexican Pride?
According to the document "Designation of Origin, Mexican Pride," the IMPI and the Ministry of Economy describe the properties of 14 products but two of them – Yahualica and Grijalva cacao – included in this list, were registered after its publication.
What is Bacanora distilled from?
Bacanora is a drink from Sonora, distilled from the Agave angustifolia haw and brewing it can take up to 12 years. It can have between 38 to 55 percent of alcohol. There are four types: white, young, reposado, and aged.
How many times a year do they harvest Chiapas coffee beans?
4.-. Chiapas coffee beans are harvested only once a year and is a rich source of antioxidants, known worldwide. Twelve regions of the state grow this bean. (Photo: NOTIMEX) 5.-. Veracruz coffee beans are known for its aroma, body, and flavor. It has to be grown at an elevation of 750 meters or more.
Why is Morelos rice so famous?
Morelos rice has an exquisite characteristic due to the climate of the state and this product is even exported to Germany, the United States, and France. The cereal is famous because it doesn't get mushy easily. There are 22 municipalities covered in this designation of origin.
Where does tequila come from?
Tequila is brewed from the A gave tequilana weber, the blue variety, and it's Mexico 's most popular designation of origin. Currently, the protection covers the states of Guanajuato, Jalisco, Michoacán, Nayarit, and Tamaulipas. (Photo: NOTIMEX) 15.-.
Where is Habanero pepper from?
7.-. Habanero chili pepper from the Yucatán península ranked first in the Scoville scale for a very long time. This chili pepper and its derivatives, produced in Campeche, Quintana Roo and Yucatán, are currently protected.
What equipment does Mexico import?
Mexican importers spent the most on the following 10 subcategories of electronic equipment including consumer electronics. Among these import subcategories, Mexican purchases of unrecorded sound media (up 44.4%) and television, radio or radar device parts (up 5.1%) grew from 2019 to 2020.
Where did Mexico import its goods in 2020?
From a continental perspective, approaching half (46.3%) of Mexico’s total imports by value in 2020 were purchased from the United States and Canada . Trade partners in Asia accounted for 38.6% of Mexican import purchases while 11.6% worth originated from Europe.
How much did Mexico import in 2020?
Officially the United Mexican States, Mexico imported US$383.3 billion worth of goods from around the globe in 2020. That dollar amount reflects a -1% decrease since 2016 and a -15.8% downtick from 2019 to 2020.
How much has the Mexican peso depreciated in 2020?
Based on the average exchange rate for 2020, the Mexican peso depreciated by -15.1% against the US dollar since 2016 and dropped by -11.5% from 2019 to 2020. Mexico’s weaker local currency makes its imports paid for in stronger US dollars relatively more expensive when converted starting from the Mexican peso.
