Mexico Top 10 Export Destination Countries in 2023 Q1
Mexico Top Export Destinations and Market Reach in 2023 Q1
- Dominant Market: The U.S. accounted for 79.75% ($112.52B) of Mexico’s exports, solidifying its role as the primary consumption market.
- Market Dependence: Top 3 Mexico export destinations (U.S., Canada, China) represented 84.15% of total exports, indicating high reliance on a narrow buyer base.
- Regional Focus: 82.54% of exports went to North America (U.S. + Canada), with minimal diversification to distant economies (China, Germany, South Korea combined: 3.86%).
Table: Mexico Top Destination Countries in 2023 Q1 (Source: yTrade)
| Destination Countries | Value | Percent |
|---|---|---|
| United States | 112.52B | 79.75% |
| Canada | 3.94B | 2.79% |
| Mainland China | 2.28B | 1.61% |
| Germany | 2.11B | 1.49% |
| South Korea | 1.08B | 0.76% |
| Brazil | 1.07B | 0.76% |
| Japan | 906.73M | 0.64% |
| Colombia | 772.07M | 0.55% |
| United Kingdom | 769.56M | 0.55% |
| Guatemala | 701.47M | 0.50% |
Get Complete Mexico Export Destination Countries Profile
Mexico - Key Destination Country Trading Product Pattern
- United States (79.75%): Serves as Mexico's dominant export market, primarily absorbing manufactured goods, automotive parts, and electronics under the USMCA trade agreement. This reflects deep integration in North American supply chains.
- Canada (2.79%): Imports Mexican vehicles, machinery, and agricultural products, benefiting from tariff-free access under the same regional trade pact that governs U.S. trade.
- Mainland China (1.61%): Buys Mexican copper, automotive components, and food products, though the trade relationship is heavily weighted in China's favor as an exporter to Mexico.
- Germany (1.49%): Sources Mexican automotive parts, electrical equipment, and medical instruments, connecting Mexico's manufacturing sector to Europe's industrial core.
- South Korea (0.76%): Imports Mexican auto parts, minerals, and optical instruments, with trade flows supported by the Mexico-South Korea free trade agreement.
- Brazil (0.76%): Purchases Mexican vehicles, electronics, and machinery, representing a key commercial relationship within Latin America's largest economies.
Frequently Asked Questions
Which countries are the top destinations for Mexico's exports in 2023 Q1?
The top 3 destinations are the United States ($112.52B), Canada ($3.94B), and Mainland China ($2.28B).
What is the dominant export market for Mexico?
The United States is the primary buyer, accounting for 79.75% ($112.52B) of Mexico's total exports in Q1 2023.
Mexico Top 10 Export Destination Countries in 2023
Mexico's top export destinations in 2023 show heavy reliance on the U.S. (79.63% share) with limited global reach—yTrade data reveals 82.62% went to North America alone.
Mexico Top 10 Export Destination Countries in 2023 Q2
Mexico's top export destinations in Q2 2023 show heavy reliance on the U.S. (79.73% of trade), with limited global diversification—key insights from yTrade data reveal regional dominance over worldwide market penetration.
