It also exports silver, fruits, vegetables, coffee, and cotton. Mexicoâs top 10 exports accounted for nearly four-fifths (79%) of the overall value of its global shipments. This represents a 5.8 percent rise, according to the latest analysis. Following are the most important â¦ 1 export is manufactured products. Mexico Raw materials imports are worth US$ 21,118 million, product share of 4.55%. Of all Mexico imports, 46% are from the United States. -Imports In 2015 Mexico imported $377B, making it the 13th largest importer in the world. The change in exports was -9.56 percent and the change in imports was 7.02 percent. Fruits and nuts represent the fastest grower among Mexicoâs top 10 export categories, up 13.3% in value from 2018 to 2019. In September, the trade balance reported a surplus of $4.385 billion, after $6.116 billion in August and a deficit of $116 million a year before. The US exports to Mexico as stated by the United States Trade representative: Mexico was the United Statesâ 2nd largest goods export market in 2015. In second place for improving export sales were plastics including items made from plastic which rose 13%. Goods exports totaled $265.0 billion; goods imports totaled $346.5 billion. About four-fifths of Mexicoâs petroleum is exported to the United States, which relies heavily on Mexico as one of its principal sources of oil. In 2018, Mexico's exports per capita were $3.5k and its imports per capita were $3.3k. Total U.S. Exports (Origin of Movement) from New Mexico Top 25 6-digit HS Commodities Based on 2019 Dollar Value. U.S. Exports by Origin State (Origin of Movement Series). Mexico exports for â¦ Mexico also has a large automobile industry active in the nation, the largest one in North America. In 2017, trade between the US and Mexico increased to $462.9 billion as compared to $437.52 in the last year. 1980-2020 Data | 2021-2022 Forecast | Historical | Chart | News. Mexico Exports Mexico has an export oriented economy. Mexicoâs trade account reported another positive result in September as exports benefit from the U.S. recovery. Percent Change is from 2018 - 2019. Computers, televisions, mobile phones, circuit boards are some of the top items manufactured in the country. As of 2014, the United States is Mexico's largest export destination. 2 for the same month last year. The top destinations for the US cars include Canada, China, Germany, Mexico, and Saudi Arabia. Mexico has an export oriented economy. Mexico's main exports are manufactured products (89 percent of total shipments) and oil and oil products (6 percent). The city is also known for its historical significance. Mexico's main exports are cars, crude petroleum, video displays, computers and delivery trucks. According to the statistics of CIA FactBook, Mexico exported US$709,640 â¦ Tradâ¦ The Trading Economics Application Programming Interface (API) provides direct access to our data. Post was not sent - check your email addresses! Today, it is one of the most prominent ports of Mexico, handling all major import and exports. Mexico exports for 2019 was $491.50B, a 2.48% increase from 2018. Manufacturing units of leading automobile brands like Ford, Chrysler, Nissan, Volkswagen, and others operate in the country. Publish your articles and forecasts in our website. During the last five years the imports of Mexico have increased at an annualized rate of 5.6%, from $278B in 2010 to $377B in 2015. Among manufactured products, metallic, machinery and equipment is the major category (69 percent) and automobiles account for around 31 percent of total sales. The country boasts of major automobile firms including General Motors, Ford, and Chrysler. The economy of Mexico is a developing market economy. Mexicoâs main declining export categories were mineral fuels & oils (-10.6%), furniture, bedding, lighting (-2.8%) and electrical machinery & equipment (-1.2%). Agricultural goods and mining products account for 4 percent and 1 percent, respectively. The top three U.S. exports by value in October were Motor vehicle parts, (2) â¦ Mexico is open for your Business! President Trumpâs threat to impose new tariffs on Mexican imports â¦ Main imports are: metallic products, machinery and equipment (53 percent of total purchases), oil products (10 percent) and agricultural goods (3 percent). The following is a list of the exports of the United States.. Exports of the United States. Mexico is currently our 3rd largest goods trading partner with $611.5 billion in total (two way) goods trade during 2018. Explore Visualizations. Exports and imports of products by stages of processing in 2018 are below along with their corresponding Product Share as percent of total export or import. Mexico - Exports Exports slip in March. Sorry, your blog cannot share posts by email. Among manufactured products, metallic, machinery and equipment is the major category (69 percent) and automobiles account for around 31 percent of total sales. Mexico's No. Among Mexicoâs major exports are machinery and transport equipment, steel, electrical equipment, chemicals, food products, and petroleum and petroleum products. Exports dropped 1.6% year-on-year in March, contrasting Februaryâs 0.6% increase. Mexico's main exports are manufactured products (89 percent of total shipments) and oil and oil products (6 percent). A truck factory in Ecatepec, Mexico. What Are Mexicoâs Biggest Exports to the United States? Petroleum is also one of the largest export items of Meâ¦ The U.S. goods trade deficit with Mexico was $81.5 billion in 2018. 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. The fall was mainly driven by a collapse of oil exports and a moderate decline in shipments of vehicles and auto parts. In the marketing year 2018/19, the United States was the main destination country of avocado exports from Mexico, with an export volume of nearly 889 thousand metric tons. Trade: The top exports of Mexico are Cars ($50.7B), Vehicle Parts ($30.1B), Computers ($29.7B), Delivery Trucks ($25B), and Telephones ($16.7B). Download historical data for 20 million indicators using your browser. Merchandise Trade statistics data for Mexico (MEX) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. Mexico's leading export partner is the United States (80 percent), followed by Canada (3 percent), Germany and China (2 percent each). Under the agreement, exports have grown from $52 billion in 1994 to $161 billion today, and Mexico's per-capita annual income has risen 24 percent, to approximately $4,000. Veracruz was the first settlement of the Spanish in the Americas. Exports of Goods for Mexico from Bank of Mexico for the Balanza Commercial release. Log in. The U.S. Commercial Service promotes the export of U.S. goods and services and protects U.S. business interests in Mexico. The U.S. goods and services trade deficit with Mexico was $72.7 billion in 2018. Mexico is a major consumer of the corn in the global market. In 2018, Mexico exported $441B and imported $416B, resulting in a positive trade balance of $25.2B. 30% of the countrys exports are electronic goods. Based on estimates from the Central Intelligence Agencyâs World Fact book Mexico shipped $409.5 billion dollars worth of goods around the globe in 2017, up by 7.8% since 2013 and up by 9.5% from 2016 to 2017. The Top US Exports to Mexico in 2017. These 100 imported goods were worth a subtotal of US$309.8 billion or about three-quarters (66.3%) by value for all products imported into Mexico during 2019. Other important categories include: electrical and electronic appliances ( 18 percent ) and products. And Saudi Arabia access to our data historical | Chart | News 89 percent of total shipments ) oil! 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