Mexico - Malaysia Trade 2023 Q2: Deficit & Tech Dominance

Mexico's trade deficit with Malaysia hit -$3.18B in Q2 2023, driven by electrical machinery (HS 85). Explore Mexico Malaysia trade trends and top trading products with yTrade data.

Key Market Takeaways: Mexico - Malaysia Trade

The bilateral trade relationship between Mexico and Malaysia is marked by a significant trade deficit and volatile growth trends in Q2 2023.

  • Economic Pulse: Mexico’s trade deficit with Malaysia hit -$3.18B, with imports ($3.26B) dwarfing exports ($76M). YoY export growth showed strength (+33.52% in April), but imports declined (-13.57% in May), signaling demand shifts.
  • Exchange Structure: The trade is intra-industry, dominated by electrical machinery (HS 85) on both sides—71.41% of Mexico’s imports and 59.23% of exports. Malaysia holds a stronger position in this high-tech exchange.
  • Strategic Interdependence: Deep supply chain integration in electronics manufacturing, but Malaysia’s export dominance suggests advanced component reliance by Mexico.

This bilateral trade snapshot is based on verified customs data from the yTrade database.

Mexico-Malaysia Trade Trend in Q2 2023

Mexico Export Performance: Shipments to Malaysia

  • Total Volume: $76.00M in Q2 2023.
  • Growth Trend & Context: YoY growth was strong in April (+33.52%) and June (+24.06%), though May saw a moderation (+5.49%). No specific trade news explains the volatility.
  • Key Volatility: June recorded a sharp MoM surge (+49.55%), while May dropped -20.17% MoM.

Mexico Import Performance: Sourcing from Malaysia

  • Total Volume: $3.26B in Q2 2023.
  • Growth Trend & Context: YoY declines persisted (-1.01% in April, -13.57% in May, -3.97% in June), signaling weakening demand or supply shifts. No news context provided.
  • Key Volatility: May saw the steepest MoM drop (-8.95%), while June rebounded (+7.99%).

Mexico - Malaysia Trade Balance & Market Dynamics

  • Net Position: Mexico ran a trade deficit of -$3.18B (Imports $3.26B > Exports $76.00M).
  • Relationship Status: Heavy reliance on Malaysian imports, with exports remaining a fractional share. Imports dwarf exports by ~43:1.

Mexico Import Trend from Malaysia 2023 Q2 (Source: yTrade)**

MonthValueMoMYoY
Apr1.13B11.8%-1.01%
May1.02B-8.95%-13.57%
Jun1.11B7.99%-3.97%
Total3.26B--

Mexico Export Trend to Malaysia 2023 Q2 (Source: yTrade)**

MonthValueMoMYoY
Apr25.40M3.4%33.52%
May20.28M-20.17%5.49%
Jun30.32M49.55%24.06%
Total76.00M--

Get Historical Mexico Malaysia Trade Records

Mexico-Malaysia Top Trading Products in Q2 2023

Mexico Export Profile: What Does Mexico Sell to Malaysia

  • Top Commodity: Electrical machinery (HS 85) dominates with 59.23% share.
  • Demand Driver: Malaysia likely uses these for industrial processing, given the high share of machinery and intermediate goods (HS 76, 39, 84).
  • Concentration: Trade is highly concentrated, with HS 85 alone accounting for nearly 60% of exports.

Mexico Import Profile: What Does Mexico Buy from Malaysia

  • Top Commodity: Electrical machinery (HS 85) again leads, with 71.41% share.
  • Dependency Nature: Critical technology dependency, as imports are overwhelmingly high-tech/machinery.

Mexico - Malaysia Trade Relationship Dynamics

  • The Exchange Model: Intra-Industry Trade, with both sides heavily exchanging electrical machinery (HS 85). This suggests deep supply chain integration, possibly in electronics manufacturing.
  • Value Chain Position: Malaysia holds a stronger position, given its higher export value in HS 85 (2.33B vs. Mexico’s 45.02M). This indicates Malaysia supplies more advanced or higher-volume components.

Import Analysis by Product: Malaysia to Mexico (Source: yTrade)

HS CodeValuePercent
852.33B71.41%
99505.31M15.52%
84234.90M7.21%
9077.29M2.37%
7621.63M0.66%
3917.93M0.55%
4012.26M0.38%
727.31M0.22%
737.24M0.22%
876.10M0.19%

Export Analysis by Product: Mexico to Malaysia (Source: yTrade)

HS CodeValuePercent
8545.02M59.23%
9919.01M25.01%
763.04M4.01%
392.83M3.72%
842.60M3.43%
742.51M3.30%
03747.02K0.98%
90167.92K0.22%
4035.70K0.05%
7334.62K0.05%

Check Detailed Mexico-Malaysia Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

The Mexico-Malaysia trade relationship is poised for continued volatility in the near term, driven by Mexico’s heavy reliance on Malaysian electrical machinery imports and its stagnant export growth. While Mexico’s exports to Malaysia showed sporadic YoY growth in Q2 2023, the widening trade deficit (-$3.18B) signals structural imbalances. Given Malaysia’s dominant position in high-tech supply chains, Mexican importers should brace for sustained dependency unless diversification efforts accelerate. Expect modest export recovery in H2 2023, but the deficit will persist without aggressive policy or market interventions.

Strategic Moves

  • Diversify Import Sources: Reduce overreliance on Malaysian electrical machinery (HS 85) by exploring alternative suppliers in Vietnam, South Korea, or Taiwan to mitigate supply chain risks and price volatility.
  • Boost Export Competitiveness: Mexican exporters must target niche segments within Malaysia’s industrial sector, such as automotive components (HS 87) or medical devices (HS 90), to capitalize on untapped demand and reduce the 43:1 import-export imbalance.
  • Optimize Supply Chain Logistics: Firms engaged in intra-industry trade (HS 85) should adopt Just-in-Time (JIT) inventory systems and negotiate preferential shipping terms to offset the MoM volatility observed in Q2 2023.

Frequently Asked Questions

How did Mexico - Malaysia trade perform in 2023 Q2?

Mexico's exports to Malaysia totaled $76.00M with strong YoY growth in April (+33.52%) and June (+24.06%). Imports from Malaysia reached $3.26B, showing persistent YoY declines.

What are the top exports from Mexico to Malaysia?

Electrical machinery (HS 85) dominates, accounting for 59.23% of Mexico's exports to Malaysia, followed by other machinery and intermediate goods (HS 76, 39, 84).

What does Mexico import from Malaysia?

Electrical machinery (HS 85) is the top import, making up 71.41% of Mexico's purchases from Malaysia, highlighting a critical technology dependency.

What is the trade balance between Mexico and Malaysia?

Mexico recorded a trade deficit of -$3.18B with Malaysia in Q2 2023, as imports ($3.26B) far exceeded exports ($76.00M). The gap remains wide (~43:1 ratio).

Mexico - Malaysia Trade 2023 Q1: Deficit & Tech Dominance

Mexico's trade deficit with Malaysia hit $2.95B in Q1 2023, driven by tech imports. Explore Mexico Malaysia trade trends and top trading products via yTrade data.

Mexico Malaysia Trade 2023 Q3

---

title: "Mexico - Malaysia Trade 2023 Q3: Deficit & Tech Dominance"
description: "Mexico's trade deficit with Malaysia hit $2.73B in Q3 2023, driven by electrical machinery (HS 85). Explore Mexico Malaysia trade trends and top trading products via yTrade data."
image: https://io.ytrade.com/ytrade-blog/Cover/mexico-data/mexico-malaysia-trade-2023-q3.webp
create_date: 2023-10-01
update_date: 2023-10-01
author: yTrade
slug: mexico-malaysia-trade-2023-q3
category: Import and Export Data
category_slug: import-and-export-data
sub_category: Country Trade Reports
sub_category_slug: country-trade-reports
tags:
- id: 7
  label: "Import Export Data"
  slug: import-export-data
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  label: "Mexico"
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ogTitle: "Mexico - Malaysia Trade 2023 Q3: Deficit & Tech Dominance"
ogDescription: "Mexico's trade deficit with Malaysia hit $2.73B in Q3 2023, driven by electrical machinery (HS 85). Explore Mexico Malaysia trade trends and top trading products via yTrade data."
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twitterTitle: "Mexico - Malaysia Trade 2023 Q3: Deficit & Tech Dominance"
twitterDescription: "Mexico's trade deficit with Malaysia hit $2.73B in Q3 2023, driven by electrical machinery (HS 85). Explore Mexico Malaysia trade trends and top trading products via yTrade data."
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## Key Market Takeaways: Mexico - Malaysia Trade  

The bilateral trade relationship between **Mexico** and **Malaysia** is heavily imbalanced, with Mexico running a significant deficit amid volatile growth trends in Q3 2023.  

- **Economic Pulse:** Mexico posted a **$2.73B trade deficit** with Malaysia, driven by $2.88B in imports (down YoY) versus $148.84M in exports (surged 204.2% YoY in September).  
- **Exchange Structure:** Mexico - Malaysia trade statistics reveal **intra-industry dominance**, with electrical machinery (HS 85) accounting for 71.94% of imports and 42.53% of exports, signaling deep supply chain integration in electronics.  
- **Strategic Interdependence:** Malaysia holds a higher value-add position, supplying critical tech inputs, while Mexico’s export profile remains narrowly concentrated in machinery and intermediates.  

This bilateral trade snapshot is based on verified customs data from the [yTrade database](https://ytrade.com/data-sources).

## Mexico-Malaysia Trade Trend in Q3 2023

### Mexico Export Performance: Shipments to Malaysia  
- **Total Volume:** Mexico exported **$148.84M** worth of goods to Malaysia in Q3 2023.  
- **Growth Trend & Context:** Exports surged YoY, with September posting a **204.2%** increase. No specific trade news explains this spike.  
- **Key Volatility:** August saw a **79.48% MoM jump**, the highest growth month, while September corrected slightly (-8.81% MoM).  

### Mexico Import Performance: Sourcing from Malaysia  
- **Total Volume:** Mexico imported **$2.88B** from Malaysia in Q3 2023.  
- **Growth Trend & Context:** Imports declined YoY across all months, with September dropping **-34.01%**. No news context provided for the contraction.  
- **Key Volatility:** September recorded the sharpest MoM fall (**-20.42%**), while August had a minor rebound (**9.99% MoM**).  

### Mexico - Malaysia Trade Balance & Market Dynamics  
- **Net Position:** Mexico ran a **trade deficit of $2.73B** (Imports $2.88B > Exports $148.84M).  
- **Relationship Status:** Heavy reliance on Malaysian imports, with exports remaining a fractional share of total trade.

### Mexico Import Trend from Malaysia 2023 Q3 (Source: yTrade)**

| Month | Value | MoM | YoY |
|-------|-------|-----|-----|
| Jul | 966.65M | -12.64% | -25.47% |
| Aug | 1.06B | 9.99% | -23.78% |
| Sep | 846.11M | -20.42% | -34.01% |
| **Total** | **2.88B** | - | - |

### Mexico Export Trend to Malaysia 2023 Q3 (Source: yTrade)**

| Month | Value | MoM | YoY |
|-------|-------|-----|-----|
| Jul | 33.59M | 10.76% | 36.69% |
| Aug | 60.28M | 79.48% | 141.32% |
| Sep | 54.97M | -8.81% | 204.2% |
| **Total** | **148.84M** | - | - |

[Get Historical Mexico Malaysia Trade Records](https://ytrade.com/country-coverage)

## Mexico-Malaysia Top Trading Products in Q3 2023

### Mexico Export Profile: What Does Mexico Sell to Malaysia  
- **Top Commodity:** HS Code 85 (Electrical machinery) dominates at 42.53% of exports.  
- **Demand Driver:** Malaysia likely uses these for industrial processing, given the high share of machinery and intermediate goods (HS 39, 84).  
- **Concentration:** The top 3 categories (HS 85, 39, 99) account for 87.79% of exports, indicating heavy reliance on a few sectors.  

### Mexico Import Profile: What Does Mexico Buy from Malaysia  
- **Top Commodity:** HS Code 85 (Electrical machinery) leads with 71.94% of imports, reflecting a near-monopoly.  
- **Dependency Nature:** Critical technology dependency, as Malaysia supplies high-value electronics and machinery essential for Mexico’s industrial base.  

### Mexico - Malaysia Trade Relationship Dynamics  
- **The Exchange Model:** **Intra-Industry Trade**, with both sides heavily exchanging electrical machinery (HS 85) and related components. This suggests deep supply chain integration, possibly in electronics manufacturing.  
- **Value Chain Position:** Malaysia holds the higher value-add position, given its overwhelming dominance in HS 85 exports (71.94% vs. Mexico’s 42.53%) and broader industrial diversification.

### Import Analysis by Product: Malaysia to Mexico (Source: yTrade)

| HS Code | Value | Percent |
| --- | --- | --- |
| 85 | 2.07B | 71.94% |
| 99 | 385.05M | 13.39% |
| 84 | 225.59M | 7.84% |
| 90 | 77.32M | 2.69% |
| 39 | 17.82M | 0.62% |
| 76 | 15.61M | 0.54% |
| 40 | 14.18M | 0.49% |
| 87 | 11.23M | 0.39% |
| 94 | 8.91M | 0.31% |
| 73 | 6.46M | 0.22% |

### Export Analysis by Product: Mexico to Malaysia (Source: yTrade)

| HS Code | Value | Percent |
| --- | --- | --- |
| 85 | 63.30M | 42.53% |
| 39 | 34.15M | 22.95% |
| 99 | 33.21M | 22.31% |
| 84 | 10.62M | 7.13% |
| 74 | 2.97M | 1.99% |
| 76 | 2.76M | 1.85% |
| 73 | 1.01M | 0.68% |
| 90 | 745.68K | 0.50% |
| 40 | 45.53K | 0.03% |
| 03 | 20.92K | 0.01% |

[Check Detailed Mexico-Malaysia Trade HS Code Breakdown](https://ytrade.com/hs-code-coverage)

## Future Outlook & Strategic Recommendations  

### Forecast  
Mexico’s trade with Malaysia is poised for **asymmetric growth** in the near term. While exports may sustain momentum due to Malaysia’s demand for electrical machinery (HS 85), imports are likely to remain volatile, reflecting Malaysia’s dominant position in high-value tech supply chains. The **trade deficit will persist**, but Mexico can narrow the gap by targeting niche manufacturing exports. Without intervention, reliance on Malaysian electronics imports could expose Mexican industries to supply chain disruptions.  

### Strategic Moves  
- **Diversify Import Sources:** Reduce dependency on Malaysian HS 85 goods by securing alternative suppliers in Vietnam or Thailand to mitigate concentration risk.  
- **Boost High-Value Exports:** Focus on expanding Mexico’s share in intermediate electronics (HS 84, 85) by leveraging nearshoring trends and USMCA-linked production networks.  
- **Negotiate Sector-Specific Tariff Cuts:** Push for bilateral concessions on machinery components to lower input costs and improve competitiveness in re-export markets.  

*Traders should act now to lock in favorable terms before Malaysia’s export policies shift.*

## Frequently Asked Questions

### How did Mexico - Malaysia trade perform in 2023 Q3?  
Mexico's exports to Malaysia surged 204.2% YoY to $148.84M, while imports fell 34.01% YoY to $2.88B.  

### What are the top exports from Mexico to Malaysia?  
Electrical machinery (HS 85) dominates at 42.53%, followed by plastics (HS 39) and unspecified goods (HS 99).  

### What does Mexico import from Malaysia?  
Electrical machinery (HS 85) accounts for 71.94% of imports, reflecting heavy reliance on Malaysian electronics.  

### What is the trade balance between Mexico and Malaysia?  
Mexico ran a $2.73B trade deficit with Malaysia, driven by overwhelming imports of high-value industrial goods.

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