Top Mexico Exports 2024 Q4: Market Insights

Mexico Export Portfolio Overview in 2024 Q4

• Dominated by vehicles (HS 87, 23.07%) and electrical machinery (HS 85, 16.96%), reflecting deep integration into North American manufacturing supply chains.
• High concentration risk: top three sectors (vehicles, electrical machinery, general machinery) account for over 56% of total exports, creating vulnerability to regional demand shifts and trade policy changes.
• This structure underscores Mexico’s role as a critical nearshoring hub for finished and intermediate goods, leveraging labor cost advantages and proximity to US markets.

Table: Mexico Top Export Product in 2024 Q4 (Source: yTrade)

Get Complete Mexico Export HS Code Breakdown

Key Driver: Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof

• Driven by HS 8703 (motor cars for transport, $15.17B, 40.63% of sector), primarily finished passenger vehicles for export.
• Product type: finished goods, indicating Mexico’s function as a final assembly point for major automakers.
• Dominance stems from established manufacturing clusters, USMCA trade benefits, and integrated supply chains with US and Canadian producers.

Table: HS Code 87 Detailed Breakdown

Get Complete Mexico Export HS Code Breakdown

Key Driver: Electrical machinery and equipment and parts thereof

• Led by HS 8544 (insulated wire/cable, $4.45B, 16.20%), an intermediate good essential for automotive, electronics, and construction sectors.
• Acts as a complement to vehicle exports, supplying components for automotive wiring harnesses and electronic assemblies.
• Strategically important for supporting domestic manufacturing and retaining value-added production within export pipelines.

Table: HS Code 85 Detailed Breakdown

Get Complete Mexico Export HS Code Breakdown

Key Driver: Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof

• Top product HS 8471 (automatic data processing machines, $10.32B, 37.66%), comprising finished and semi-finished computing equipment.
• Functions as a stable legacy sector with growth potential from nearshoring of electronics production, reducing dependency on Asian supply chains.
• Reinforces Mexico’s diversification into high-value electronics assembly, though still secondary to automotive dominance.

Table: HS Code 84 Detailed Breakdown

Access Mexico Complete Export Profile

Frequently Asked Questions

What is Mexico's largest export commodity in 2024 Q4?

The largest export category is Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof (HS 87), valued at $37.34B. This sector is primarily driven by exports of Passenger vehicles (HS 8703), which alone account for $15.17B (40.63%) of the total.

Which specific Vehicles products does Mexico export most in 2024 Q4?

Within the Vehicles (HS 87) sector, the top exports are:

1. Passenger vehicles (HS 8703) at $15.17B (40.63%)
2. Parts and accessories (HS 8708) at $10.16B (27.20%)
3. Commercial vehicles (HS 8704) at $9.26B (24.81%).

Does Mexico export Electrical machinery and equipment in 2024 Q4?

Yes. Electrical machinery and equipment (HS 85) is Mexico’s second-largest export sector, valued at $27.45B. The leading product is Insulated wire and cable (HS 8544), contributing $4.45B (16.20%) to the sector.

What are the main industries driving Mexico's economy?

Mexico’s economy is heavily reliant on three key sectors:

1. Vehicles (HS 87): $37.34B (23.07%)
2. Electrical machinery (HS 85): $27.45B (16.96%)
3. Machinery and mechanical appliances (HS 84): $27.40B (16.93%).

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.