Top Mexico Imports 2024 Q1: Market Shift

Mexico Import Portfolio Overview in 2024 Q1

• Electrical machinery (HS 85) and nuclear reactors/machinery (HS 84) dominate, accounting for 19.84% and 15.60% of total imports, respectively.
• Concentration risk is high, with the top three sectors (including the unclassified HS 99) representing over 50% of import value.
• This structure reflects Mexico’s deep integration into North American manufacturing and electronics supply chains, particularly as a final assembly and export platform.

Table: Mexico Top Import Product in 2024 Q1 (Source: yTrade)

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Import Key Driver: Electrical Machinery and Equipment

• The leading product is integrated circuits (HS 8542), valued at $5.28B and comprising 18.19% of sector imports.
• This is an intermediate good, essential for electronics and automotive manufacturing.
• Mexico’s reliance on semiconductor imports highlights its role as a high-volume assembler, dependent on advanced component inflows to support export-oriented production.

Table: HS Code 85 Detailed Breakdown

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Import Key Driver: Nuclear Reactors, Boilers, and Machinery

• The top products are data processing machines (HS 8473) and automatic data processing units (HS 8471), together worth $5.6B.
• These capital and intermediate goods act as a direct complement to electrical machinery imports, supplying IT hardware and industrial automation equipment.
• This sector’s strength reinforces Mexico’s position in advanced manufacturing, supporting both domestic industrial capacity and export assembly operations.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Vehicles and Parts

• Parts and accessories (HS 8708) drive this sector, with $8.00B in imports—60.57% of the total.
• These are intermediate goods, critical for Mexico’s large automotive manufacturing and export industry.
• The scale of parts imports signals stable, mature integration into continental auto supply chains, with Mexico acting as a key assembly hub for North American markets.

Table: HS Code 87 Detailed Breakdown

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Frequently Asked Questions

What is Mexico's largest import commodity in 2024 Q1?

The largest import category is Electrical machinery and equipment and parts thereof (HS 85), valued at $29.03B. This sector is primarily driven by imports of Integrated circuits (HS 8542), accounting for $5.28B (18.19% of the sector).

Which specific Electrical machinery products does Mexico import most in 2024 Q1?

Within the Electrical machinery sector, the top imports are:

1. Integrated circuits (HS 8542) - $5.28B
2. Telephone sets (HS 8517) - $4.08B
3. Electrical switches (HS 8536) - $1.98B

Does Mexico import Nuclear reactors and machinery in 2024 Q1?

Yes, Nuclear reactors, boilers, and machinery (HS 84) is the second-largest import category, valued at $22.83B. The primary driver is Data processing machines (HS 8473), contributing $2.82B (12.37% 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) - $29.03B
2. Nuclear reactors & machinery (HS 84) - $22.83B
3. Vehicles & parts (HS 87) - $13.21B

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.