Top Mexico Exports 2024: Manufacturing Dominance
Mexico Export Portfolio Overview in 2024 Whole Year
- Vehicles (HS 87) and electrical machinery (HS 85) dominate, accounting for 40% of total exports.
- High concentration risk: top three sectors (vehicles, electrical, and general machinery) represent 56% of exports.
- This structure confirms Mexico's role as a manufacturing and assembly hub for North American and global supply chains, heavily integrated with US industrial demand.
Table: Mexico Top Export Product in 2024 (Source: yTrade)
| HS Code | Description | Value | Percent |
|---|---|---|---|
| 87 | Vehicles other than railway or tramway rolling-stock, and... | 143.40B | 23.17% |
| 85 | Electrical machinery and equipment and parts thereof; sou... | 104.90B | 16.95% |
| 84 | Nuclear reactors, boilers, machinery and mechanical appli... | 98.39B | 15.90% |
| 99 | Description not available | 71.78B | 11.60% |
| 90 | Optical, photographic, cinematographic, measuring, checki... | 28.12B | 4.54% |
| 27 | Mineral fuels, mineral oils and products of their distill... | 27.30B | 4.41% |
| 94 | Furniture; bedding, mattresses, mattress supports, cushio... | 12.58B | 2.03% |
| 22 | Beverages, spirit and vinegar | 12.11B | 1.96% |
| 39 | Plastics and articles thereof | 11.03B | 1.78% |
| 07 | Edible vegetables and certain roots and tubers | 10.36B | 1.67% |
Get Complete Mexico Export HS Code Breakdown
Key Driver: Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof
- HS 8703 (motor cars for transport of persons) is the primary product, representing 38% of the sector.
- Finished goods dominate, indicating final assembly operations rather than component manufacturing.
- This reflects Mexico's competitive labor costs, proximity to the US market, and deep integration into automotive OEM supply networks.
Table: HS Code 87 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 8703 | 54.64B | 38.11% |
| 8708 | 40.70B | 28.39% |
| 8704 | 34.59B | 24.12% |
| 8701 | 9.91B | 6.91% |
| 8716 | 3.09B | 2.15% |
| 8707 | 362.10M | 0.25% |
| 8714 | 51.93M | 0.04% |
| 8713 | 29.01M | 0.02% |
| 8709 | 16.86M | 0.01% |
| 8711 | 725.52K | 0.00% |
Get Complete Mexico Export HS Code Breakdown
Key Driver: Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
- HS 8544 (insulated wire, cable) leads the sector at 17%, indicating strong intermediate goods production.
- Acts as a complement to automotive and machinery sectors, supplying essential components for manufacturing and assembly.
- Strategic for supporting electronics, automotive wiring, and data infrastructure supply chains.
Table: HS Code 85 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 8544 | 17.96B | 17.12% |
| 8517 | 14.77B | 14.08% |
| 8528 | 11.62B | 11.08% |
| 8537 | 8.82B | 8.41% |
| 8504 | 7.04B | 6.71% |
| 8536 | 5.68B | 5.42% |
| 8501 | 4.24B | 4.04% |
| 8543 | 4.03B | 3.84% |
| 8512 | 3.81B | 3.63% |
| 8542 | 3.34B | 3.19% |
Get Complete Mexico Export HS Code Breakdown
Key Driver: Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
- HS 8471 (automatic data processing machines) is the largest product, accounting for 34% of the sector.
- Represents both finished goods (computers) and assembly operations, showing diversification beyond automotive.
- Stable legacy sector with growth potential in tech manufacturing, reinforcing Mexico's role in electronics supply chains.
Table: HS Code 84 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 8471 | 33.76B | 34.31% |
| 8415 | 7.41B | 7.53% |
| 8418 | 6.39B | 6.49% |
| 8409 | 5.36B | 5.44% |
| 8473 | 4.97B | 5.06% |
| 8421 | 4.85B | 4.93% |
| 8407 | 4.10B | 4.17% |
| 8414 | 3.69B | 3.75% |
| 8481 | 3.54B | 3.60% |
| 8411 | 3.47B | 3.53% |
Access Mexico Complete Export Profile
Frequently Asked Questions
What is Mexico's largest export commodity in 2024 Whole Year?
The largest export category is Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof (HS 87), valued at $143.40B. This sector is primarily driven by exports of Motor cars and other motor vehicles principally designed for the transport of persons (HS 8703), which alone accounts for $54.64B (38.11%).
Which specific Vehicles products does Mexico export most in 2024 Whole Year?
Within the Vehicles (HS 87) sector, the top exports are:
- Motor cars (HS 8703) at $54.64B (38.11%)
- Parts and accessories for vehicles (HS 8708) at $40.70B (28.39%)
- Motor vehicles for goods transport (HS 8704) at $34.59B (24.12%).
Does Mexico export Electrical machinery and equipment in 2024 Whole Year?
Yes. Electrical machinery and equipment (HS 85) is Mexico’s second-largest export sector, valued at $104.90B. The primary driver is Insulated wire, cable, and conductors (HS 8544), contributing $17.96B (17.12%).
What are the main industries driving Mexico's economy?
Mexico’s economy is heavily reliant on three key sectors:
- Vehicles (HS 87): $143.40B (23.17%)
- Electrical machinery (HS 85): $104.90B (16.95%)
- Machinery and mechanical appliances (HS 84): $98.39B (15.90%).
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 for verified exporters.
Detailed Quarterly Report
Mexico Top Export Product 2024 Q1Mexico Top Export Product 2024 Q2Mexico Top Export Product 2024 Q3Mexico Top Export Product 2024 Q4
Top Mexico Exports 2023 Q4: Manufacturing Dominance
Mexico's top export product in Q4 2023 was vehicles, highlighting its role as a manufacturing hub. Discover key trends and top export destinations with yTrade.
Top Mexico Exports 2024 Q1: Market Shift
Mexico's top export product in Q1 2024 was dominated by vehicles and electrical machinery, reflecting deep integration into North American manufacturing chains. Discover the top export destination with yTrade.
