2025 Mexico Trucks (HS Code 8704) Export: Market Shift

Key Takeaways

Trucks, classified under HS Code 8704 (Motor vehicles for transport of goods), exhibited high volatility from January to October 2025.

• Market Pulse: Trade value swung sharply, peaking at $8.64B in April before dropping to $3.72B by October, reflecting regulatory friction and supply chain adjustments.
• Structural Shift: Mexico Trucks Export market is hyper-concentrated, with the US absorbing 90.55% of value, creating single-market dependency risks.
• Product Logic: HS Code 8704 trade data reveals a value-driven structure, where premium diesel trucks over 20 tonnes command 5x the price of lighter models.

This overview covers the period from January to October 2025 and is based on verified customs data from the yTrade database.

Mexico Trucks (HS Code 8704) Key Metrics Trend

Market Trend Summary

Mexico's Trucks Export trend showed significant volatility from January to October 2025, with trade value swinging between $3.72B and $8.64B monthly. After a strong Q1 climb to $8.64B in April, values declined through mid-year before partially recovering in September, though October posted the lowest monthly total at $3.72B.

Drivers & Industry Context

The mid-year slowdown aligns with Mexico's June 2025 Automatic Export Notice mandate [HK Law], requiring 10-day approvals for certain automotive exports. This regulatory friction likely contributed to the 14-49% value drops in May, July, and August. The subsequent September rebound suggests some adaptation, though proposed 2026 tariff reforms targeting imports (White & Case) created additional uncertainty. The overall hs code 8704 value trajectory reflects both regulatory adjustment periods and typical automotive supply chain volatility.

Table: Mexico Trucks Export Trend (Source: yTrade)

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Mexico HS Code 8704 Export Breakdown

Market Composition & Top Categories

According to yTrade data, the Mexico HS Code 8704 export market for trucks is dominated by a single sub-category: vehicles with spark-ignition engines for goods transport under 5 tonnes, accounting for over 27% of total export quantity. The remaining sub-codes consist of a mix of diesel-powered trucks and hybrid models, each holding smaller but significant shares. This structure reflects a concentrated yet diversified export portfolio for Mexican trucks from January to October 2025.

Value Chain & Strategic Insights

Unit prices for Mexico's truck exports range widely from approximately $23,400 to over $113,500 per unit, indicating a market driven by specialization and engine technology rather than pure cost. The highest-value exports are heavy diesel trucks exceeding 20 tonnes, commanding a premium. This HS Code 8704 breakdown reveals a specialized trade structure where product features and payload capacity dictate price, not commodity-style competition.

Table: Mexico HS Code 8704) Export Breakdown Details (Source: yTrade)

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Mexico Trucks Destination Countries

Geographic Concentration & Market Risk

Mexico's Trucks export destinations show extreme concentration, with the United States accounting for 90.55% of total value from Jan to Oct 2025. This single-market dependence creates significant exposure to US economic cycles and trade policy shifts. Canada, the second-largest partner, captures just 5.64% of value, highlighting a vast gap in market diversification.

Purchasing Behavior & Demand Segmentation

The US market demonstrates a clear preference for high-value trucks, with its value ratio (90.55%) exceeding its weight ratio (80.28%). This value-volume gap, combined with high shipment frequency, indicates quality-conscious demand for premium specifications from Mexico's trade partners for Trucks. This profile suggests the US market offers superior margin potential over pure volume scale for Mexican exporters.

Table: Mexico Trucks (HS Code 8704) Top Destination Countries (Source: yTrade)

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Mexico Trucks Buyer Companies Analysis

Buyer Concentration & Market Structure

According to yTrade data, Mexico's Trucks export market is overwhelmingly dominated by a small group of high-volume, loyal partners. This cluster accounts for 99.80% of the total export value and 99.89% of the quantity shipped, indicating a stable, contract-based supply chain. These Mexico Trucks buyers, including major players like COFINO STAHL and POLARIS INDUSTRIES, drive nearly all market activity through consistent, large-scale orders.

Purchasing Behavior & Sales Strategy

The extreme concentration among key accounts creates significant revenue dependency, making relationship management and compliance critical. Sellers must prioritize these partners with dedicated support and ensure strict adherence to Mexico’s new automatic export notice requirements for goods like HS Code 8704, effective from June 2025 [HKLaw]. Diversifying into smaller, transactional buyers could mitigate risk but requires a targeted digital approach to capture niche HS Code 8704 buyer trends.

Table: Mexico Trucks (HS Code 8704) Top Buyers List (Source: yTrade)

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Action Plan for Trucks Market Operation and Expansion

• Prioritize US Compliance: Ensure strict adherence to Mexico’s June 2025 Automatic Export Notice mandate to avoid shipment delays for key accounts.
• Diversify Geographically: Target Canada and emerging markets to reduce reliance on the US, which holds 90.55% of export value.
• Lock in Premium Contracts: Focus on high-margin heavy diesel trucks (20+ tonnes) to capitalize on the US market’s value-over-volume preference.
• Monitor Regulatory Shifts: Track proposed 2026 tariff reforms and adjust pricing strategies to mitigate potential cost impacts.
• Strengthen Key Relationships: Invest in dedicated support for top buyers like COFINO STAHL, who drive 99.8% of export value.

Take Action Now —— Explore Mexico Trucks HS Code 8704 Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Mexico Trucks Export in 2025?

The volatility in Mexico's truck exports is driven by regulatory changes, including the June 2025 Automatic Export Notice mandate, which caused mid-year declines. Recovery in September suggests adaptation, but proposed 2026 tariff reforms add uncertainty.

Q2. Who are the main destination countries of Mexico Trucks (HS Code 8704) in 2025?

The U.S. dominates with 90.55% of export value, followed by Canada at 5.64%, reflecting extreme geographic concentration.

Q3. Why does the unit price differ across destination countries of Mexico Trucks Export in 2025?

Prices vary due to specialization—heavy diesel trucks over 20 tonnes command premiums ($113,500+), while lighter spark-ignition models average $23,400. The U.S. prioritizes high-value units, skewing its value-to-weight ratio.

Q4. What should exporters in Mexico focus on in the current Trucks export market?

Exporters must prioritize compliance with new regulations and nurture relationships with top buyers (99.8% of value). Diversifying into niche markets could mitigate U.S. dependency but requires targeted outreach.

Q5. What does this Mexico Trucks export pattern mean for buyers in partner countries?

U.S. buyers benefit from stable, high-quality supply but face regulatory risks. Smaller markets like Canada offer growth potential for Mexican exporters seeking diversification.

Q6. How is Trucks typically used in this trade flow?

Trucks (HS Code 8704) are primarily goods transporters, with spark-ignition models under 5 tonnes dominating volume and heavy diesel trucks driving premium value.

Detailed Monthly and Quarterly Report

Mexico HS Code 8704 Export Data Snapshot 2025 JAN

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