Top Mexico Exports 2023: Dominant Sectors Revealed
Mexico Export Portfolio Overview in 2023 Whole Year
- Automotive and electrical sectors dominate, with HS87 (vehicles and parts) at $136.4B (23.0%) and HS85 (electrical machinery) at $98.8B (16.7%).
- High concentration risk: top three sectors (HS87, HS85, HS84) account for over 54% of total exports, reflecting deep integration into North American manufacturing chains.
- Mexico’s export profile is defined by its role as a critical manufacturing and assembly hub, leveraging trade agreements, proximity to the US, and competitive labor costs.
Table: Mexico Top Export Product in 2023 (Source: yTrade)
| HS Code | Description | Value | Percent |
|---|---|---|---|
| 87 | Vehicles other than railway or tramway rolling-stock, and... | 136.40B | 23.00% |
| 85 | Electrical machinery and equipment and parts thereof; sou... | 98.76B | 16.66% |
| 99 | Description not available | 86.01B | 14.50% |
| 84 | Nuclear reactors, boilers, machinery and mechanical appli... | 85.46B | 14.41% |
| 27 | Mineral fuels, mineral oils and products of their distill... | 32.45B | 5.47% |
| 90 | Optical, photographic, cinematographic, measuring, checki... | 25.58B | 4.31% |
| 94 | Furniture; bedding, mattresses, mattress supports, cushio... | 12.59B | 2.12% |
| 22 | Beverages, spirit and vinegar | 10.61B | 1.79% |
| 39 | Plastics and articles thereof | 10.33B | 1.74% |
| 07 | Edible vegetables and certain roots and tubers | 9.56B | 1.61% |
Get Complete Mexico Export HS Code Breakdown
Key Driver: Vehicles and Parts (HS87)
- Top product: HS8703 (passenger vehicles) at $47.3B, representing 34.7% of the sector.
- Product type: Finished goods (assembled vehicles) and intermediate goods (parts under HS8708), highlighting full value-chain integration.
- This dominance stems from Mexico’s strategic position in continental supply chains, extensive OEM presence, and USMCA-driven tariff advantages, making it a primary auto exporter to the US market.
Table: HS Code 87 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 8703 | 47.30B | 34.68% |
| 8708 | 40.08B | 29.38% |
| 8704 | 32.17B | 23.59% |
| 8701 | 12.23B | 8.96% |
| 8716 | 4.27B | 3.13% |
| 8707 | 241.58M | 0.18% |
| 8714 | 79.13M | 0.06% |
| 8713 | 22.26M | 0.02% |
| 8709 | 1.85M | 0.00% |
| 8706 | 1.06M | 0.00% |
Get Complete Mexico Export HS Code Breakdown
Key Driver: Electrical Machinery (HS85)
- Top product: HS8544 (insulated wire, cable) at $17.5B, 17.7% of the sector.
- Acts as a strong complement to automotive dominance, supplying essential components for vehicle electrification and consumer electronics assembly.
- Its strategic importance lies in feeding both domestic manufacturing and export markets, reinforcing Mexico’s role in intermediate goods production and nearshoring trends.
Table: HS Code 85 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 8544 | 17.51B | 17.73% |
| 8517 | 13.98B | 14.16% |
| 8528 | 11.65B | 11.80% |
| 8537 | 7.32B | 7.41% |
| 8504 | 6.03B | 6.10% |
| 8536 | 5.21B | 5.28% |
| 8501 | 4.34B | 4.39% |
| 8512 | 4.05B | 4.10% |
| 8543 | 3.35B | 3.40% |
| 8542 | 3.33B | 3.37% |
Get Complete Mexico Export HS Code Breakdown
Key Driver: Machinery and Mechanical Appliances (HS84)
- Top product: HS8471 (automatic data processing machines) at $28.9B, 33.8% of the sector.
- Represents a stable legacy sector with growth in computing hardware, supporting industrial automation and digital infrastructure.
- This pillar underscores diversification into high-value manufacturing beyond automobiles, aligning with global demand for technology and efficiency-driven equipment.
Table: HS Code 84 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 8471 | 28.90B | 33.82% |
| 8418 | 6.77B | 7.92% |
| 8415 | 6.68B | 7.81% |
| 8409 | 5.32B | 6.23% |
| 8421 | 4.46B | 5.22% |
| 8414 | 3.68B | 4.31% |
| 8407 | 3.38B | 3.95% |
| 8481 | 3.33B | 3.90% |
| 8413 | 2.57B | 3.00% |
| 8411 | 2.39B | 2.80% |
Access Mexico Complete Export Profile
Frequently Asked Questions
What is Mexico's largest export commodity in 2023 Whole Year?
The largest export category is Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof (HS 87), valued at $136.40B. This sector is primarily driven by exports of Motor vehicles for transporting goods (HS 8703), which alone accounted for $47.30B (34.68%).
Which specific Vehicles products does Mexico export most in 2023 Whole Year?
Within the Vehicles (HS 87) sector, the top exports are:
- Motor vehicles for transporting goods (HS 8703) at $47.30B (34.68%)
- Parts and accessories for vehicles (HS 8708) at $40.08B (29.38%)
- Motor vehicles for transporting people (HS 8704) at $32.17B (23.59%).
Does Mexico export Electrical machinery and equipment in 2023 Whole Year?
Yes, Electrical machinery and equipment (HS 85) is Mexico’s second-largest export sector, valued at $98.76B. The primary product is Insulated wire and cable (HS 8544), contributing $17.51B (17.73%).
What are the main industries driving Mexico's economy?
Mexico’s economy is heavily reliant on three key sectors:
- Vehicles (HS 87) at $136.40B (23.00%)
- Electrical machinery (HS 85) at $98.76B (16.66%)
- Machinery and mechanical appliances (HS 84) at $85.46B (14.41%).
How to find Mexico Vehicles suppliers?
You can access a list of active suppliers and exporters for Vehicles (HS 87) using the yTrade database, which provides detailed shipment records and company contacts.
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Mexico Top Export Product 2023 Q1Mexico Top Export Product 2023 Q2Mexico Top Export Product 2023 Q3Mexico Top Export Product 2023 Q4
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