Mexico is a major participant in international agricultural trade. Top U.S. product exports include electronics, vehicles, fuels, minerals, plastics, and machinery. Trade Flow. Exports were $299.1 billion; imports were $371.9 billion. The country is bordered by United States (US), Belize, and Guatemala. That year, its exports totalled $373B, which resulted in a negative trade balance of $6.62B. Re-exports - Unlike Canadian imports, which are based on country of origin, U.S. exports include re-exports of foreign goods. The change in exports was -9.56 percent and the change in imports was 7.02 percent. What did Mexico export in 2019? Mexico Food Imports 2018: Main importers, trends and best strategies for market entry 3 min read February 9, 2018 Mexico bestfoodimporters Mexico is a giant consumer market with a population of more than 130 million people (10 th in the world), which currently imports close to … Mexico - Imports Exports slip in March. Mexico, Service imports (BoP, current US$) is 37,691,030,236.00. Details may not equal totals due to rounding. Farther east in the orient, Asian giants China makes up over half (53%) of its total imports from the continent. The United States sold USD 265 billion of U.S. products to Mexico in 2018 and USD 34 billion in services, for a total of USD 299 billion in U.S. sales to Mexico. Further breaking that down, we have: Machines remain its most imported product category, increasing from 34% in 2007 to 39% in 2016. Trade drives 46% of the $86 trillion global economy. The United States imported 665,000 barrels per day of crude oil from Mexico in 2018. Do you know what #Mexico's three largest imports are? Main import partners are: the United States (46 percent of total purchases), China (18 percent), Japan, Germany and South Korea (4 percent each). 1980-2020 Data | 2021-2022 Forecast | Historical | Chart | News. Exports dropped 1.6% year-on-year in March, contrasting February’s 0.6% increase. Across the Atlantic, nearly a third of its European imports originate from Germany (30%), followed by Italy (12%) and Spain (9.7%). Mexico, Exports of goods and services as percentage of GDP is 39.29 %. You must provide value for the fields marked in red. Mexico is no longer the closed economy it was three decades ago. The value of total exports from Mexico was $ 30 billion in 2018-01. Total trade equals exports plus imports. Total Exports (2019) $460,703,804,234 : Total Imports (2019) $455,289,486,227 : Trade Balance (2019) $5,414,318,007 : Exports of goods and services (% of GDP) (2019) 39.06%: Imports of goods and services (% of GDP) (2019) 39.11% Mexico is currently our 3rd largest goods trading partner with $611.5 billion in total (two way) goods trade during 2018. 2018 : U.S. trade in goods with Mexico NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. These make up 56.9% of total imports. Imports to Mexico rose by 6.54%, while the exports to the United States increased by 4.86%. Mexico is an export-oriented economy. Its top three import categories include machines, transportation, and plastic and rubbers. Fruits and nuts represent the fastest grower among Mexico’s top 10 export categories, up 13.3% in … Mexico has gone from being one of the most closed markets in the world, to being the country that has free-trade deals with more countries than any other. These make up 56.9% of total imports. U.S. exports of NDM/SMP totaled 715,491 tons in 2018, up 18 percent from the prior year, as U.S. suppliers took advantage of strong, broad-based global import demand. In 2018, Mexico exported $441B and imported $416B, resulting in a positive trade balance of $25.2B. The Top US Exports to Mexico in 2017. Trade: The top exports of Mexico are Cars ($50.7B), Vehicle Parts ($30.1B), Computers ($29.7B), Delivery Trucks ($25B), and Telephones ($16.7B). Total Exports (2019) $460,703,804,234 : Total Imports (2019) $455,289,486,227 : Trade Balance (2019) $5,414,318,007 : Exports of goods and services (% of GDP) (2019) 39.06%: Imports of goods and services (% of GDP) (2019) 39.11% Trade Balance (2018) -$2,860,734,558. Mexico’s economic freedom score is 66.0, making its economy the 67th freest in the 2020 Index. This is followed by Japan (14%) and South Korea (10%). U.S. exports of petroleum products almost tripled from $10.4 billion in 2008 to a record high of $30.5 billion in 2018, while the value of U.S. energy imports from Mexico were near a record low of $15.8 billion for the second consecutive year in 2018. Re-exports - Unlike Canadian imports, which are based on country of origin, U.S. exports include re-exports of foreign goods. 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. Mexico Imports by Country Last Previous; United States 15066184.00 13891264.00 USD THO By. That year, its exports totalled $373B, which resulted in a negative trade balance of $6.62B. Mexico exported US$472.3 billion worth of goods around the globe in 2019. Mexico - Import Tariffs Mexico ... Few U.S. exports are subject to antidumping duties that limit access to the Mexican market. Mexico Trade Last Previous Highest Lowest Unit; Balance of Trade 4384.72: 6115.74: 6115.74-4625.28: USD Million: Current Account Mexico exports for 2016 was $399.50B, a 1.26% decline from 2015. Please check the Data Availability for coverage. Total Imports (2018) $6,882,393,884. Here’s a look at Mexico’s imports over the past decade: Delay fees and GRIs have the potential to greatly affect your overall shipping costs. With $380 billion worth of imports in 2016, Mexico ranked as the 12th-largest importing country in the world. The country also has coastlines along the Pacific Ocean, Gulf of Mexico, and the Caribbean Sea. The United States is the largest supplier of agricultural goods to Mexico, holding a 69 percent market share. 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. Are you aware? In 2019, Mexico was the second largest destination for U.S. agricultural exports, which totaled $19.2 billion, a less than one percent increase from 2018. Some resources are not available on server temporarily. In 2018, Mexico (508K tonnes) and Spain (352K tonnes) represented the major exporters of pumpkin (squash and gourds)around the world, together achieving 55% of total exports. Mexico imports 49 percent of all auto parts from the United States. When we further dissect the overall trade value, we get the specific import-export values as $109.07 billion in exports to Mexico and $139.69 billion in imports from Mexico. Direct access to our calendar releases and historical data. Its finance ministry is forecasting a growth of between 2 - 3% this year and 2.5 - 3.5% in 2019. With $380 billion worth of imports in 2016, Mexico ranked as the 12th-largest importing country in the world. Mexico's Top Exports in 2019: 10.9% ($50 billion): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars. The U.S. goods and services trade deficit with Mexico was $72.7 billion in 2018. Trade with the United States and Canada has tripled since NAFTA's signing in 1994. The global exports peaked in 2018 and are expected to retain its growth in the near future. The United States was Mexico's most important import trading partner of chocolate in 2018, with an import's value of 199.74 million U.S. Trad… Publish your articles and forecasts in our website. Mexico has become the champion of trade. Merchandise trade statistics Mexico (MEX) exports and imports, with partner countries including number of products, Partner share, Share in total products, MFN and Effectively Applied Tariffs, duty free imports, dutiable imports, and free lines and number of trade agreements for year 2018 In 2017, the United States received 79% of Mexico's exports. I'd like to get pricing alerts, new available routes, & relevant information from iContainers (optional), Ordinary General Shareholders’ Meeting - 2018. Exports by Country. Country / Region. Exports from Mexico rose 2.9 percent over a year earlier to a record high of USD 41.94 billion in October 2020, boosted by sales of non-oil products (4.5 percent), while those of oil plunged (-30.2 percent). 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