Mexico Top 10 Export Destination Countries in 2023 Q3
Mexico Top Export Destinations and Market Reach in 2023 Q3
- Dominant Market: The U.S. accounts for 79.06% ($118.25B) 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, Germany) represent 83.74% of exports, indicating heavy reliance on North American demand. Mexico export destinations lack diversification, exposing trade to U.S. economic shifts.
- Regional Footprint: 82.08% of exports flow to North America (U.S. + Canada). Distant markets like Germany (1.66%) and Mainland China (1.44%) are marginal, reflecting a hyper-regional trade strategy.
Table: Mexico Top Destination Countries in 2023 Q3 (Source: yTrade)
| Destination Countries | Value | Percent |
|---|---|---|
| United States | 118.25B | 79.06% |
| Canada | 4.52B | 3.02% |
| Germany | 2.48B | 1.66% |
| Mainland China | 2.16B | 1.44% |
| Brazil | 1.15B | 0.77% |
| Japan | 918.18M | 0.61% |
| South Korea | 779.22M | 0.52% |
| Guatemala | 764.42M | 0.51% |
| Colombia | 718.00M | 0.48% |
| United Kingdom | 601.89M | 0.40% |
Get Complete Mexico Export Destination Countries Profile
Mexico - Key Destination Country Trading Product Pattern
- United States (79.06%): Dominates Mexican exports, primarily absorbing manufactured goods, vehicles, and machinery under the USMCA framework.
- Canada (3.02%): A key North American partner, its imports from Mexico are concentrated in automotive parts, agricultural products, and electronics.
- Germany (1.66%): Germany's industrial sector drives its demand for Mexican auto components, medical devices, and specialized machinery.
- Mainland China (1.44%): Imports from Mexico are focused on industrial supplies, including copper, electrical machinery, and optical/medical equipment.
- Brazil (0.77%): Brazilian imports from Mexico are led by vehicle parts, electronics, and chemical products for its manufacturing base.
- Japan (0.61%): Japan sources auto parts, electrical equipment, and scientific instruments from Mexico for its high-tech production chains.
Frequently Asked Questions
Which countries are the top destinations for Mexico's exports in 2023 Q3?
The top 3 destinations are the United States ($118.25B), Canada ($4.52B), and Germany ($2.48B).
What is the dominant export market for Mexico?
The United States is the dominant market, accounting for 79.06% ($118.25B) of Mexico's total exports in Q3 2023.
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.
Mexico Top 10 Export Destination Countries in 2023 Q4
Mexico's top export destinations in Q4 2023 reveal heavy reliance on the U.S. (80% share), with North America absorbing 83.3% of shipments. yTrade data shows limited global diversification beyond key partners.
