Top Mexico Imports 2024: Key Trends

Mexico Import Portfolio Overview in 2024 Whole Year

• Electrical machinery (HS 85) and industrial machinery (HS 84) dominate, jointly accounting for 36.85% of total imports.
• High concentration risk: top three sectors (HS 85, 84, and 99) represent over 51% of import value, indicating reliance on manufacturing inputs and cross-border production integration.
• This structure reinforces Mexico’s role as a critical nearshoring hub for U.S.-focused supply chains, specializing in assembly, component integration, and automotive manufacturing.

Table: Mexico Top Import Product in 2024 (Source: yTrade)

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Import Key Driver: Electrical Machinery and Equipment

• Dominated by integrated circuits (HS 8542), representing 19.93% of the sector’s imports.
• Product type: Intermediate good—semiconductors and electronic components essential for finished electronics and automotive systems.
• This reflects Mexico’s function as a mid-stream assembly economy: it imports high-value chips and exports finished or semi-finished goods, leveraging low-cost labor and tariff advantages under USMCA.

Table: HS Code 85 Detailed Breakdown

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Import Key Driver: Nuclear Reactors and Machinery

• Led by data processing machines (HS 8473) and automatic data processing units (HS 8471), together comprising 28.82% of sector imports.
• Acts as a complement to electrical machinery imports: computers and machinery enable automation and production scaling in manufacturing plants.
• Strategically vital for maintaining Mexico’s export competitiveness in automotive, electronics, and machinery assembly—key sectors for trade with the U.S.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Vehicles and Parts

• Driven overwhelmingly by vehicle parts and accessories (HS 8708), making up 59.41% of the sector.
• Role: Stable legacy sector with deep integration into North American automotive value chains. Parts imports support Mexico’s position as a top vehicle exporter.
• High dependence on imported components underscores assembly-led growth rather than full vertical integration—efficiency-driven, but exposes the sector to supply chain disruptions.

Table: HS Code 87 Detailed Breakdown

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Frequently Asked Questions

What is Mexico's largest import commodity in 2024 Whole Year?

The largest import category is Electrical machinery and equipment and parts thereof (HS 85), valued at $128.89B. This sector is primarily driven by imports of Integrated circuits (HS 8542), which alone account for $25.69B (19.93% of the sector).

Which specific Electrical machinery products does Mexico import most in 2024 Whole Year?

Within the Electrical machinery sector, the top imports are:

1. Integrated circuits (HS 8542) - $25.69B
2. Telephone sets (HS 8517) - $17.19B
3. Electrical control panels (HS 8536) - $8.72B
   Together, these three products account for 40.04% of the sector's total imports.

Does Mexico import Nuclear reactors, boilers, and machinery in 2024 Whole Year?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is the second-largest import sector, valued at $101.75B. The primary driver is Data processing machines (HS 8473), contributing $16.12B (15.84% of the sector).

What are the main industries driving Mexico's economy?

Mexico's import economy is concentrated, with the top 3 industries accounting for 46.06% of total imports:

1. Electrical machinery (HS 85) - $128.89B
2. Nuclear reactors & machinery (HS 84) - $101.75B
3. Vehicles & parts (HS 87) - $57.62B
   The economy is heavily reliant on manufacturing inputs, particularly electronics and machinery.

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 products like integrated circuits (HS 8542) and telephone sets (HS 8517).

Detailed Quarterly Report

Mexico Top Import Product 2024 Q1Mexico Top Import Product 2024 Q2Mexico Top Import Product 2024 Q3Mexico Top Import Product 2024 Q4