Mexico Top 10 Export Destination Countries in 2024 Q2
Mexico Top Export Destinations and Market Reach in 2024 Q2
- Dominant Market: The U.S. accounts for 81.03% ($126.76B) 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 85.88% of exports, indicating high reliance on a narrow buyer base—a vulnerability if demand shifts.
- Regional vs. Global: Mexico’s export destinations skew heavily regional (U.S. + Canada = 84.34%), with minimal penetration in Asia (China + Japan + South Korea = 2.91%) or Europe (Germany + UK = 1.56%).
Table: Mexico Top Destination Countries in 2024 Q2 (Source: yTrade)
| Destination Countries | Value | Percent |
|---|---|---|
| United States | 126.76B | 81.03% |
| Canada | 5.18B | 3.31% |
| Mainland China | 2.41B | 1.54% |
| Germany | 1.62B | 1.03% |
| Brazil | 1.11B | 0.71% |
| Japan | 1.09B | 0.69% |
| South Korea | 1.06B | 0.68% |
| United Kingdom | 821.67M | 0.53% |
| Guatemala | 773.27M | 0.49% |
| Colombia | 690.33M | 0.44% |
Get Complete Mexico Export Destination Countries Profile
Mexico - Key Destination Country Trading Product Pattern
- United States (81.03%): The dominant market for Mexican goods, driven by deep integration under USMCA. Mexico supplies a massive volume of automotive parts, vehicles, electronics, machinery, and agricultural products to meet U.S. industrial and consumer demand.
- Canada (3.31%): A key partner also governed by USMCA rules. Mexico exports vehicles, machinery, electrical equipment, and agricultural produce, benefiting from tariff-free access and tightly linked North American supply chains.
- Mainland China (1.54%): Mexico sends manufactured goods, including automotive components and electronics, along with minerals and resource-based products to support China's industrial production.
- Germany (1.03%): Exports focus on high-value components for Germany's automotive and industrial machinery sectors, alongside electronics and certain agricultural goods.
- Brazil (0.71%): Trade consists mainly of manufactured goods like vehicles and electronics, along with specific industrial inputs that complement Brazil's own manufacturing base.
- Japan (0.69%): Mexico supplies automotive parts, electronics, and processed foods, feeding into Japan's advanced manufacturing and consumer markets.
Frequently Asked Questions
Which countries are the top destinations for Mexico's exports in 2024 Q2?
The top 3 destinations are the United States ($126.76B), Canada ($5.18B), and Mainland China ($2.41B).
What is the dominant export market for Mexico?
The United States is the primary buyer, accounting for 81.03% ($126.76B) of Mexico's total exports in Q2 2024.
Mexico Top 10 Export Destination Countries in 2024 Q1
Mexico's top export destinations in 2024 Q1 show 80.77% reliance on the U.S. market, with Canada and China rounding out 84.8% of total exports—revealing concentration risks in yTrade data.
Mexico Top 10 Export Destination Countries in 2024 Q3
Mexico's top export destinations in Q3 2024 show heavy reliance on the U.S. (82.13% share), with yTrade data revealing 86.51% of exports go to just 3 markets—highlighting concentration risks in North America.
