Mexico Top 10 Export Destination Countries in 2023 Q2
Mexico Top Export Destinations and Market Reach in 2023 Q2
- Dominant Market: The U.S. accounts for 79.73% ($120.29B) of Mexico’s exports, solidifying its role as the primary consumption market—not just a transshipment hub.
- Market Dependence: Top 3 partners (U.S., Canada, China) represent 84.19% of exports, indicating high reliance on a single buyer (U.S.) with limited diversification.
- Regional vs. Global: Mexico’s key trading partners are overwhelmingly regional (North America: 82.57%), with minimal penetration in distant markets (Asia/Europe under 5% combined).
Table: Mexico Top Destination Countries in 2023 Q2 (Source: yTrade)
| Destination Countries | Value | Percent |
|---|---|---|
| United States | 120.29B | 79.73% |
| Canada | 4.29B | 2.84% |
| Mainland China | 2.44B | 1.62% |
| Germany | 2.41B | 1.60% |
| Japan | 1.08B | 0.71% |
| South Korea | 999.08M | 0.66% |
| Brazil | 971.97M | 0.64% |
| United Kingdom | 786.60M | 0.52% |
| Guatemala | 764.36M | 0.51% |
| Colombia | 631.06M | 0.42% |
Get Complete Mexico Export Destination Countries Profile
Mexico - Key Destination Country Trading Product Pattern
- United States (79.73%): As Mexico's dominant trading 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 (2.84%): Canada's imports from Mexico are also heavily influenced by USMCA, focusing on vehicles, machinery, electrical equipment, and agricultural goods like fruits and vegetables.
- Mainland China (1.62%): China primarily imports industrial inputs from Mexico, such as copper, iron and steel products, and electronics components, to support its own manufacturing sector.
- Germany (1.60%): Germany sources high-value manufactured goods from Mexico, including automotive components, medical devices, and specialized machinery, reflecting its own industrial base.
- Japan (0.71%): Japan's imports from Mexico are centered on automotive parts, electronics, and food products, particularly pork and agricultural goods, to supplement its domestic production.
- South Korea (0.66%): South Korea imports electronics components, auto parts, and minerals from Mexico to feed its manufacturing industries for semiconductors and vehicles.
Frequently Asked Questions
Which countries are the top destinations for Mexico's exports in 2023 Q2?
The top 3 destinations are the United States ($120.29B), Canada ($4.29B), and Mainland China ($2.44B).
What is the dominant export market for Mexico?
The United States is the primary buyer, accounting for 79.73% ($120.29B) of Mexico's total export volume in Q2 2023.
Mexico Top 10 Export Destination Countries in 2023 Q1
In Q1 2023, Mexico's top export destination was the U.S. (79.75% share), with North America dominating trade via yTrade—revealing heavy reliance on regional markets.
Mexico Top 10 Export Destination Countries in 2023 Q3
Mexico's top export destinations in 2023 Q3 reveal 83.74% reliance on just 3 markets, with the U.S. dominating at 79.06%—yTrade data shows vulnerability to North American demand shifts.
