Top Mexico Imports 2023 Q3: Key Trends

Mexico Import Portfolio Overview in 2023 Q3

• Electrical machinery (HS 85) leads at 19.1% ($29.28B), followed by nuclear reactors and machinery (HS 84) at 14.4% ($22.12B).
• Concentration risk is high: top three sectors account for over 48% of total imports, reflecting Mexico’s deep integration into North American manufacturing and assembly chains.
• This structure underscores Mexico’s role as a critical node in regional value chains, especially for automotive, electronics, and industrial equipment.

Table: Mexico Top Import Product in 2023 Q3 (Source: yTrade)

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Import Key Driver: Electrical Machinery and Equipment

• Dominant product: Integrated circuits (HS 8542), valued at $5.52B (18.9% of sector total).
• Product type: Intermediate good—semiconductors and electronic components essential for downstream production.
• Insight: Mexico’s proximity to the U.S. and competitive labor make it a strategic assembly hub; high semiconductor imports signal reliance on Asian supply for high-value inputs.

Table: HS Code 85 Detailed Breakdown

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Import Key Driver: Nuclear Reactors and Machinery

• Top product: Parts for office machinery (HS 8473), valued at $2.64B (11.9% of sector total).
• Acts as a complement to electrical machinery: Supplies capital goods and components for manufacturing and automation.
• Strategic importance: Supports Mexico’s industrial base, enabling production scaling and efficiency in automotive and electronics sectors.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Vehicles and Parts

• Leading product: Parts and accessories for vehicles (HS 8708), valued at $8.58B (58.9% of sector total).
• Role: Stable legacy sector—high parts import volume fuels Mexico’s position as a major auto exporter, but reveals dependency on foreign components for final assembly.
• Indicates mature, yet import-intensive, automotive value chain integration.

Table: HS Code 87 Detailed Breakdown

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Frequently Asked Questions

What is Mexico's largest import commodity in 2023 Q3?

The largest import category is Electrical machinery and equipment and parts thereof (HS 85), valued at $29.28B. This sector is primarily driven by imports of Integrated circuits (HS 8542), which alone accounted for $5.52B (18.86% of the sector).

Which specific Electrical machinery products does Mexico import most in 2023 Q3?

Within the Electrical machinery sector, the top imports are Integrated circuits (HS 8542, $5.52B), Telephone sets (HS 8517, $3.74B), and Electrical apparatus for switching/protection (HS 8536, $2.07B), which together account for 38.69% of the sector’s total imports.

Does Mexico import Nuclear reactors and machinery in 2023 Q3?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is the second-largest import sector, valued at $22.12B. The primary driver is Data processing machines (HS 8473), which contributed $2.64B (11.92% 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, $29.28B)
2. Nuclear reactors & machinery (HS 84, $22.12B)
3. Vehicles & parts (HS 87, $14.56B)
   Together, these account for 65.96% of total imports, indicating a concentrated structure.

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.