Mexico Top 10 Export Destination Countries in 2024 Q3
Mexico Top Export Destinations and Market Reach in 2024 Q3
- Dominant Market: The U.S. accounts for 82.13% ($128.67B) of Mexico’s exports, solidifying its role as the primary consumption market.
- Market Dependence: Top 3 partners (U.S., Canada, China) represent 86.51% of exports—high reliance on a single buyer (U.S.) signals concentration risk.
- Regional vs. Global: Mexico export destinations skew heavily regional (North America: 85.11%), with minimal penetration in Asia (China + South Korea: 1.86%) and Europe (Germany + UK: 1.79%).
Table: Mexico Top Destination Countries in 2024 Q3 (Source: yTrade)
| Destination Countries | Value | Percent |
|---|---|---|
| United States | 128.67B | 82.13% |
| Canada | 4.67B | 2.98% |
| Mainland China | 2.20B | 1.40% |
| Germany | 1.99B | 1.27% |
| Brazil | 1.24B | 0.79% |
| Japan | 1.13B | 0.72% |
| United Kingdom | 814.94M | 0.52% |
| Guatemala | 728.44M | 0.46% |
| South Korea | 724.55M | 0.46% |
| Colombia | 673.99M | 0.43% |
Get Complete Mexico Export Destination Countries Profile
Mexico - Key Destination Country Trading Product Pattern
- United States (82.13%): The dominant market for Mexican exports, reflecting deep integration within North American supply chains, particularly for automotive, electronics, and machinery.
- Canada (2.98%): Serves as a secondary key market under the USMCA framework, with strong imports of Mexican vehicles, agricultural products, and industrial goods.
- Mainland China (1.40%): A major importer of Mexican industrial supplies and raw materials, including copper, machinery components, and base metals.
- Germany (1.27%): Germany buys Mexican automotive parts, electrical equipment, and machinery, supporting its high-value manufacturing sector.
- Brazil (0.79%): Imports Mexican manufactured goods, such as vehicles and electronics, alongside industrial inputs for its own production base.
- Japan (0.72%): A market for Mexican automotive components, electronics, and food products, linking Mexican output to Japan's advanced manufacturing needs.
Frequently Asked Questions
Which countries are the top destinations for Mexico's exports in 2024 Q3?
The top 3 destinations are the United States ($128.67B), Canada ($4.67B), and Mainland China ($2.20B).
What is the dominant export market for Mexico?
The United States is the primary buyer, accounting for 82.13% ($128.67B) of Mexico's total exports in Q3 2024.
Mexico Top 10 Export Destination Countries in 2024 Q2
Mexico's top export destination remains the U.S. (81.03% share), with yTrade data showing 85.88% of exports concentrated in just 3 markets—highlighting regional dependence risks in Q2 2024.
Mexico Top 10 Export Destination Countries in 2024 Q4
Mexico's top export destinations in 2024 Q4 reveal 81.25% reliance on the U.S. market, with yTrade data showing minimal diversification beyond North America.
