Mexico Top 10 Export Destination Countries in 2023

Mexico Top Export Destinations and Market Reach in 2023 Whole Year

• Dominant Market: The U.S. accounted for 79.63% ($472.22B) of Mexico’s exports, solidifying its role as the primary consumption market.
• Market Dependence: Top 3 partners (U.S., Canada, China) represented 84.16% of exports, indicating heavy reliance on a narrow buyer base—a potential risk.
• Regional Footprint: Mexico export destinations skew heavily North American (U.S. + Canada = 82.62%), with minimal diversification to Asia or Europe.
• Secondary Markets: No other single partner exceeded 2% share, highlighting limited global reach beyond the U.S. corridor.

Table: Mexico Top Destination Countries in 2023 (Source: yTrade)

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Mexico - Key Destination Country Trading Product Pattern

• United States (79.63%): As Mexico's dominant trade partner, the U.S. imports a massive volume of manufactured goods. This includes automotive parts, vehicles, electronics, machinery, and agricultural products, driven by integrated supply chains under the USMCA.
• Canada (2.99%): Canada's imports from Mexico are led by motor vehicles and parts, electrical machinery, and agricultural goods like fruits and vegetables, benefiting from tariff-free North American trade.
• Mainland China (1.54%): China primarily imports Mexican industrial supplies, including copper, machinery, and electronic components, to support its own manufacturing base.
• Germany (1.47%): Germany sources automotive components, medical instruments, and electrical equipment from Mexico, feeding its high-precision engineering and manufacturing sectors.
• Brazil (0.73%): Brazil imports Mexican goods such as vehicles, electronics, and chemical products, serving its large consumer market and industrial needs.
• Japan (0.65%): Japan's imports from Mexico focus on automotive parts, electrical machinery, and food products like pork and beer, supporting its automotive industry and consumer demand.

Frequently Asked Questions

Which countries are the top destinations for Mexico's exports in 2023 Whole Year?

The top 3 destinations are the United States ($472.22B), Canada ($17.72B), and Mainland China ($9.15B).

What is the dominant export market for Mexico?

The United States is the dominant market, accounting for 79.63% ($472.22B) of Mexico's total exports in 2023.

Detailed Quarterly Report

Mexico Top Destination Countries in 2023 Q1Mexico Top Destination Countries in 2023 Q2Mexico Top Destination Countries in 2023 Q3Mexico Top Destination Countries in 2023 Q4