Top Mexico Imports 2023 Q2: Market Insight

Mexico Import Portfolio Overview in 2023 Q2

• Electrical machinery (HS 85) and machinery/mechanical appliances (HS 84) dominate, accounting for 19.53% and 14.87% of total imports respectively.
• Concentration risk is high, with the top three sectors (HS 85, 99, 84) representing over 50% of import value, reflecting Mexico’s deep integration into North American manufacturing and assembly supply chains.
• This structure underscores Mexico’s role as a critical nearshoring hub for high-value electronics, automotive components, and industrial equipment, heavily dependent on intermediate inputs for export-oriented production.

Table: Mexico Top Import Product in 2023 Q2 (Source: yTrade)

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Import Key Driver: Electrical Machinery and Equipment

• The sector is led by integrated circuits (HS 8542), representing 22.20% of category imports, valued at $6.61B.
• This is an intermediate good, essential for manufacturing finished electronics and automotive products.
• Mexico’s proximity to the U.S., competitive labor costs, and existing industrial infrastructure make it a strategic assembly point, requiring high volumes of semiconductors and electronic components to feed export production.

Table: HS Code 85 Detailed Breakdown

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Import Key Driver: Nuclear Reactors, Boilers, and Machinery

• The leading product is automatic data processing machines (HS 8471), accounting for 11.84% of the category with $2.68B in imports.
• This complements the electrical machinery sector, supplying essential IT hardware and industrial automation equipment for manufacturing ecosystems.
• Its strategic importance lies in supporting Mexico’s industrial productivity and integration into digitalized, just-in-time supply chains, particularly for automotive and electronics output.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Vehicles and Parts

• Parts and accessories (HS 8708) dominate, making up 58.74% of the category at $8.32B.
• These are intermediate goods, critical for vehicle assembly and aftermarket support.
• This reflects Mexico’s role as a major auto manufacturer and exporter, reliant on imported components to maintain production scale and flexibility, especially under USMCA rules of origin requirements.

Table: HS Code 87 Detailed Breakdown

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Frequently Asked Questions

What is Mexico's largest import commodity in 2023 Q2?

The largest import category is Electrical machinery and equipment and parts thereof (HS 85), valued at $29.76B. This sector is primarily driven by imports of Integrated circuits (HS 8542), which alone account for $6.61B (22.2% of the sector).

Which specific electrical machinery products does Mexico import most in 2023 Q2?

Within the electrical machinery sector, the top imports are:

1. Integrated circuits (HS 8542) - $6.61B
2. Telephone sets (HS 8517) - $3.68B
3. Electrical control panels (HS 8536) - $2.07B
   Together, these three products represent 41.51% of the sector’s total imports.

Does Mexico import nuclear reactors and machinery in 2023 Q2?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is the second-largest import sector, valued at $22.66B. The primary driver is computer parts (HS 8473), contributing $2.88B (12.71% 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) - $29.76B (19.53%)
2. Nuclear reactors & machinery (HS 84) - $22.66B (14.87%)
3. Vehicles & parts (HS 87) - $14.16B (9.29%)
   These three industries account for 43.69% 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 $29.76B worth of imports.