Mexico - Malaysia Trade 2024 Whole Year: Heavy Import Dependency

Key Market Takeaways: Mexico - Malaysia Trade

The bilateral trade relationship between Mexico and Malaysia is marked by heavy import dependency and volatile growth in 2024.

• Economic Pulse: Mexico runs a $12.7B trade deficit with Malaysia ($13.25B imports vs. $550.63M exports), reflecting lopsided demand for Malaysian goods.
• Exchange Structure: Bilateral trade statistics reveal intra-industry trade, with electrical machinery (HS 85) dominating both flows—61% of Mexico’s exports and 70% of its imports.
• Strategic Interdependence: Malaysia holds a higher value-add position, supplying critical tech components, while Mexico acts as a secondary supplier in the same sectors.

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

Mexico-Malaysia Trade Trend in Whole Year 2024

Mexico Export Performance: Shipments to Malaysia

• Total Volume: $550.63M in 2024.
• Growth Trend & Context:
  • YoY growth was volatile, with standout spikes in January (+134.1%) and October (+72.55%), but contractions in August (-6.96%).
  • No specific trade news to explain fluctuations.
• Key Volatility: July saw the highest MoM surge (+25.91%), while November and December posted sharp declines (-21.07% and -20.34%, respectively).

Mexico Import Performance: Sourcing from Malaysia

• Total Volume: $13.25B in 2024.
• Growth Trend & Context:
  • YoY trends were mixed, with steep declines in March (-27.92%) but robust rebounds in July (+33.41%) and September (+46.78%).
• Key Volatility: April recorded the highest MoM jump (+55.77%), while March had the steepest drop (-30.95%).

Mexico - Malaysia Trade Balance & Market Dynamics

• Net Position: Mexico ran a trade deficit of -$12.7B (Imports $13.25B > Exports $550.63M).
• Relationship Status: Heavily dependent on imports from Malaysia, with exports playing a marginal role.

Mexico Import Trend from Malaysia 2024 Whole Year (Source: yTrade)**

Mexico Export Trend to Malaysia 2024 Whole Year (Source: yTrade)**

Get Historical Mexico Malaysia Trade Records

Mexico-Malaysia Top Trading Products in Whole Year 2024

Mexico Export Profile: What Does Mexico Sell to Malaysia

• Top Commodity: Electrical machinery (HS 85) dominates with 61.08% share.
• Demand Driver: Malaysia likely uses these for industrial processing, given the high share of machinery and intermediate goods (HS 76, 84, 74).
• Concentration: Trade is highly concentrated, with HS 85 alone accounting for over 60% of exports.

Mexico Import Profile: What Does Mexico Buy from Malaysia

• Top Commodity: Electrical machinery (HS 85) is also the top import, making up 69.86% of total imports.
• Dependency Nature: Critical technology dependency, as HS 85 and HS 84 (machinery) combined account for over 80% of imports.

Mexico - Malaysia Trade Relationship Dynamics

• The Exchange Model: Intra-Industry Trade, with both sides heavily exchanging electrical machinery (HS 85) and related components (HS 84, 76).
• Value Chain Position: Malaysia holds a higher value-add position, given its larger export volume and dominance in high-tech categories (HS 85, 84). Mexico's exports are more fragmented, suggesting a secondary supplier role.

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

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

Check Detailed Mexico-Malaysia Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

The Mexico-Malaysia trade relationship is poised for continued volatility in 2025, driven by heavy reliance on electrical machinery (HS 85) and uneven demand cycles. Mexico’s export growth to Malaysia will remain fragile unless diversification efforts take hold, while imports from Malaysia are likely to stay elevated due to entrenched tech dependencies. The $12.7B trade deficit will persist unless Mexico accelerates value-added production or secures alternative suppliers. Traders should brace for supply chain disruptions, particularly in HS 85 and 84 categories, where Malaysia holds pricing power.

Strategic Moves

• Diversify Export Markets: Mexican exporters must reduce dependence on Malaysia by targeting Southeast Asian neighbors (e.g., Vietnam, Thailand) for electrical machinery sales, leveraging competitive pricing.
• Secure Long-Term Tech Contracts: Importers should lock in fixed-price agreements for critical HS 85 components to mitigate cost volatility, given Malaysia’s dominance in this sector.
• Invest in Domestic Capacity: Mexico’s government and private sector must prioritize high-tech manufacturing (e.g., semiconductor packaging) to reduce the import gap and capture higher value-add segments of the supply chain.

Frequently Asked Questions

How did Mexico - Malaysia trade perform in 2024 Whole Year?

Mexico exported $550.63M to Malaysia and imported $13.25B, with volatile growth trends in both directions. The trade relationship was marked by sharp monthly fluctuations but no clear overall trend.

What are the top exports from Mexico to Malaysia?

Electrical machinery (HS 85) dominated Mexico’s exports to Malaysia, accounting for 61.08% of total shipments. Other key exports included machinery and intermediate goods (HS 76, 84, 74).

What does Mexico import from Malaysia?

Electrical machinery (HS 85) was the top import, making up 69.86% of total imports. Machinery (HS 84) also played a significant role, with both categories combined exceeding 80% of imports.

What is the trade balance between Mexico and Malaysia?

Mexico ran a trade deficit of -$12.7B with Malaysia in 2024, driven by heavy reliance on imports of high-tech goods like electrical machinery. The deficit highlights Mexico’s dependency on Malaysian technology exports.