Top Mexico Imports 2023: Key Trade Insights

Mexico Import Portfolio Overview in 2023 Whole Year

• Electrical machinery (HS 85) and nuclear reactors/machinery (HS 84) dominate, accounting for 19.33% and 14.62% of total imports respectively.
• High concentration risk exists, with the top three sectors (HS 85, 99, 84) representing over 50% of import value, reflecting Mexico's deep integration into North American manufacturing supply chains.
• This structure underscores Mexico's role as a critical assembly and manufacturing hub, heavily dependent on imported components for export-oriented production, particularly in automotive and electronics.

Table: Mexico Top Import Product in 2023 (Source: yTrade)

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Import Key Driver: Electrical Machinery and Equipment

• The largest sub-component is HS 8542 (integrated circuits, microassemblies) at $23.58B, representing 20.38% of sector imports.
• This is an intermediate good, essential for electronics manufacturing and re-export.
• Dominance is driven by Mexico's strategic position in nearshoring, leveraging competitive labor costs and proximity to US markets to serve as a final assembly point for high-tech goods, requiring massive semiconductor imports.

Table: HS Code 85 Detailed Breakdown

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Import Key Driver: Nuclear Reactors and Machinery

• The key product is HS 8473 (parts for office machinery/computers) at $10.96B, comprising 12.53% of the sector.
• This sector acts as a direct complement to electrical machinery imports, supplying essential capital goods and components for industrial and tech manufacturing.
• Its strategic importance lies in sustaining Mexico's manufacturing ecosystem, enabling both domestic production and export assembly operations, particularly in automotive and electronics plants.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Vehicles and Parts

• The dominant product is HS 8708 (parts and accessories for vehicles) at $32.26B, making up 58.88% of the sector.
• This reflects Mexico's role as a stable legacy automotive manufacturing powerhouse, importing components for assembly and re-export under USMCA frameworks.
• The sector's scale highlights deep integration into North American auto supply chains, with imports supporting both domestic market needs and export-oriented production.

Table: HS Code 87 Detailed Breakdown

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Frequently Asked Questions

What is Mexico's largest import commodity in 2023 Whole Year?

The largest import category is Electrical machinery and equipment and parts thereof (HS 85), valued at $115.71B. This sector is primarily driven by imports of Integrated Circuits (HS 8542), which alone accounted for $23.58B (20.38% of the sector).

Which specific Electrical machinery products does Mexico import most in 2023 Whole Year?

Within the Electrical machinery sector, the top imports are:

1. Integrated Circuits (HS 8542) - $23.58B
2. Telephone Sets (HS 8517) - $16.08B
3. Electrical Switches (HS 8536) - $8.11B
   Together, these three products represent 41.28% of the sector’s total imports.

Does Mexico import Nuclear reactors, boilers, and machinery in 2023 Whole Year?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is Mexico’s second-largest import sector, valued at $87.50B. The primary driver is Data Processing Machines (HS 8473), contributing $10.96B (12.53% of the sector).

What are the main industries driving Mexico's economy?

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

1. Electrical machinery (HS 85) - $115.71B (19.33%)
2. Nuclear reactors & machinery (HS 84) - $87.50B (14.62%)
3. Vehicles & parts (HS 87) - $54.79B (9.15%)
   These three industries account for 43.1% of total imports, indicating a concentrated reliance on manufacturing inputs.

How to find Mexico Electrical machinery buyers?

You can access a list of active overseas buyers and importers for Electrical machinery (HS 85) using the yTrade database, which provides detailed shipment records and company contacts for $115.71B worth of imports.

(Note: All values are in USD. "B" denotes billions.)

Detailed Quarterly Report

Mexico Top Import Product 2023 Q1Mexico Top Import Product 2023 Q2Mexico Top Import Product 2023 Q3Mexico Top Import Product 2023 Q4