Mexico Top 10 Export Destination Countries in 2024 Q4

Mexico Top Export Destinations and Market Reach in 2024 Q4

• Dominant Market: The U.S. accounts for 81.25% ($131.50B) 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 85.84% of exports, indicating high reliance on a single buyer (U.S.), with minimal diversification.
• Regional Footprint: Mexico export destinations skew heavily North American (U.S. + Canada = 84.32%), with only 1.52% to Mainland China—highlighting a regional, not global, trade focus.

Table: Mexico Top Destination Countries in 2024 Q4 (Source: yTrade)

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Mexico - Key Destination Country Trading Product Pattern

• United States (81.25%): The dominant market for Mexican exports, reflecting deep integration under USMCA. Key imports from Mexico include automotive parts, machinery, electrical equipment, and agricultural products, driven by supply chain proximity and tariff advantages.
• Canada (3.07%): A major partner in the USMCA bloc, Canada imports Mexican vehicles, computers, and machinery. The trade relationship is bolstered by integrated North American manufacturing networks and preferential trade terms.
• Mainland China (1.52%): Imports Mexican copper, machinery, and electronics components. This trade flow is part of China's broader strategy to secure raw materials and intermediate goods for its manufacturing sector.
• Germany (1.09%): Germany's industrial base demands Mexican automotive parts, electrical machinery, and optical/medical instruments. This trade is characterized by high-value component exchange within global auto and tech supply chains.
• South Korea (0.90%): A key importer of Mexican integrated circuits, auto parts, and minerals. Korean manufacturers rely on these inputs for their electronics and automotive production lines.
• Brazil (0.82%): Primarily imports Mexican vehicles, electronics, and machinery. Trade is supported by Mexico's competitive manufacturing output and Brazil's demand for consumer and industrial goods.

Frequently Asked Questions

Which countries are the top destinations for Mexico's exports in 2024 Q4?

The top 3 destinations are the United States ($131.50B), Canada ($4.96B), and Mainland China ($2.46B).

What is the dominant export market for Mexico?

The United States is the primary buyer, accounting for 81.25% ($131.50B) of Mexico's total exports in Q4 2024.