Top Mexico Imports 2023 Q1: Market Shift

Mexico Import Portfolio Overview in 2023 Q1

• Electrical machinery (HS 85) leads with 18.6% share ($27.1B), followed by nuclear reactors & machinery (HS 84) at 14.2% ($20.7B).
• High concentration risk: Top 3 sectors (HS 85, 99, 84) comprise 49.3% of total imports, reflecting deep integration into North American manufacturing supply chains.
• This structure confirms Mexico’s role as a manufacturing and assembly hub, heavily dependent on imported components for export-oriented production, especially under USMCA frameworks.

Table: Mexico Top Import Product in 2023 Q1 (Source: yTrade)

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Import Key Driver: Electrical Machinery and Equipment

• Dominant product: Integrated circuits (HS 8542, $5.8B, 21.4% of sector).
• Product type: Intermediate good—semiconductors and electronic components.
• This reflects Mexico’s function as a secondary assembly node in global electronics value chains, importing high-value inputs for re-export in finished goods like vehicles and appliances.

Table: HS Code 85 Detailed Breakdown

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Import Key Driver: Nuclear Reactors and Machinery

• Leading product: Data processing machines (HS 8471, $2.5B, 12.1% of sector) and parts (HS 8473, $2.5B, 12.1%).
• Acts as a direct complement to electrical machinery imports, supplying IT hardware and industrial equipment essential for automated manufacturing.
• Strategically critical for maintaining Mexico’s cost-competitive export manufacturing base, especially in automotive and aerospace sectors.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Mineral Fuels and Oils

• Primary product: Diesel and fuel oils (HS 2710, $9.7B, 75% of sector).
• Functions as a stable, legacy import: energy inputs for industrial and transport sectors.
• Highlights persistent domestic energy supply gaps, reinforcing reliance on imported refined hydrocarbons despite Mexico’s crude oil production capacity.

Table: HS Code 27 Detailed Breakdown

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Frequently Asked Questions

What is Mexico's largest import commodity in 2023 Q1?

The largest import category is Electrical machinery and equipment and parts thereof (HS 85), valued at $27.07B. This sector is primarily driven by imports of Integrated Circuits (HS 8542), which alone accounted for $5.80B (21.43% of the sector).

Which specific Electrical machinery products does Mexico import most in 2023 Q1?

Within the Electrical machinery sector, the top imports are:

1. Integrated Circuits (HS 8542) - $5.80B
2. Telecommunication Devices (HS 8517) - $4.11B
3. Insulated Wires/Cables (HS 8544) - $2.00B
   Together, these three products represent 48% of the sector's total imports.

Does Mexico import Nuclear reactors and machinery in 2023 Q1?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is the second-largest import sector, valued at $20.72B. The primary driver is Data Processing Machines (HS 8473), accounting for $2.50B (12.05% of the sector).

What are the main industries driving Mexico's economy?

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

1. Electrical machinery (HS 85) - $27.07B (18.56% share)
2. Nuclear reactors/machinery (HS 84) - $20.72B (14.20% share)
3. Mineral fuels/oils (HS 27) - $12.90B (8.84% share)
   These top three industries collectively account for 41.6% of total imports.

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 $27.07B worth of imports.