Top Mexico Imports 2024 Q4: Market Insights

Mexico Import Portfolio Overview in 2024 Q4

• Electrical machinery (HS 85) and nuclear reactors/machinery (HS 84) dominate, comprising 21.5% and 16.8% of total imports respectively.
• High concentration risk in manufacturing inputs, with top three sectors accounting for over 52% of import value.
• Reflects Mexico’s role as a critical nearshoring hub for US-facing automotive and electronics supply chains, reliant on intermediate goods for assembly and export.

Table: Mexico Top Import Product in 2024 Q4 (Source: yTrade)

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Import Key Driver: Electrical Machinery and Equipment

• Primary product: Integrated circuits (HS 8542), valued at $7.15B and representing 21% of sector imports.
• Product type: Intermediate good—semiconductors and electronic components essential for finished electronics and automotive systems.
• Driven by Mexico’s strategic position in North American value chains, leveraging low-cost labor and USMCA trade advantages for high-value electronics assembly.

Table: HS Code 85 Detailed Breakdown

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Import Key Driver: Nuclear Reactors, Boilers, and Machinery

• Lead product: Data processing machines (HS 8473), worth $4.80B and accounting for 18% of sector imports.
• Acts as a complement to electronics imports, supplying IT hardware and industrial automation equipment for manufacturing ecosystems.
• Strategically critical for supporting Mexico’s expanding industrial base, especially in automotive and electronics production zones.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Vehicles and Parts

• Dominant product: Parts and accessories for vehicles (HS 8708), comprising $8.45B or 60% of sector imports.
• Represents a stable legacy driver, feeding Mexico’s robust automotive assembly and export engine.
• Underpins the country’s position as a top auto manufacturer, reliant on imported components for just-in-time production models.

Table: HS Code 87 Detailed Breakdown

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Frequently Asked Questions

What is Mexico's largest import commodity in 2024 Q4?

The largest import category is Electrical machinery and equipment and parts thereof (HS 85), valued at $34.13B. This sector is primarily driven by imports of Integrated circuits (HS 8542), which alone account for $7.15B (20.96% of the sector).

Which specific Electrical machinery products does Mexico import most in 2024 Q4?

Within the Electrical machinery sector, the top imports are:

1. Integrated circuits (HS 8542) - $7.15B
2. Telephone sets (HS 8517) - $4.80B
3. Electrical switches (HS 8536) - $2.28B
   Together, these three products represent 41.7% of the sector’s total imports.

Does Mexico import Nuclear reactors and machinery in 2024 Q4?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is the second-largest import sector, valued at $26.61B. The primary driver is Data processing machines (HS 8473), accounting for $4.80B (18.03% of the sector).

What are the main industries driving Mexico's economy?

Mexico’s import economy is heavily reliant on two key sectors:

1. Electrical machinery (HS 85) - $34.13B (21.50%)
2. Nuclear reactors & machinery (HS 84) - $26.61B (16.77%)
3. Vehicles & parts (HS 87) - $14.07B (8.86%)
   These three industries make up 47.13% 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 verified trade partners.