Mexico Top 10 Import Origin Countries in 2024
Mexico Top Import Origins and Sourcing Dependency in 2024 Whole Year
- Dominant Supplier: The U.S. is Mexico's top import source at 40.29% ($252.16B), solidifying its role as the primary manufacturing and trade hub.
- Concentration Risk: Top 3 suppliers (U.S., Mainland China, South Korea) account for 64.7% of imports, indicating heavy reliance on North America and East Asia.
- Mexico's major suppliers include Germany (3.41%), Japan (3.08%), and Vietnam (2.38%), reflecting some diversification beyond the top tier.
- Strategic Note: Overdependence on the U.S. and China poses supply chain vulnerability to bilateral trade tensions or logistics disruptions.
Table: Mexico Top Origin Countries in 2024 (Source: yTrade)
| Origin Countries | Value | Percent |
|---|---|---|
| United States | 252.16B | 40.29% |
| Mainland China | 129.79B | 20.74% |
| South Korea | 22.97B | 3.67% |
| Germany | 21.36B | 3.41% |
| Japan | 19.25B | 3.08% |
| Vietnam | 14.92B | 2.38% |
| Malaysia | 13.25B | 2.12% |
| Canada | 12.88B | 2.06% |
| Brazil | 11.69B | 1.87% |
| Thailand | 10.77B | 1.72% |
Get Complete Mexico Import Origin Countries Profile
Mexico - Key Origin Country Trading Product Pattern
- United States (40.29%): Dominates as the primary supplier, reflecting deeply integrated cross-border supply chains, particularly in automotive, machinery, and electronics. Proximity and USMCA terms facilitate this massive trade flow.
- Mainland China (20.74%): Serves as a major source for consumer goods, electronics components, and industrial equipment. Competitive pricing and manufacturing scale drive its significant market share.
- South Korea (3.67%): Exports are concentrated in high-value electronics, vehicles, and specialized machinery. Korean brands hold strong positions in Mexico's consumer and industrial markets.
- Germany (3.41%): Supplies premium automotive parts, industrial machinery, and chemical products. German engineering and specialty manufacturing meet demand for high-quality industrial inputs.
- Japan (3.08%): Provides key automotive components, electronic devices, and precision machinery. Japanese investment in Mexican manufacturing bolsters this trade relationship.
- Vietnam (2.38%): Has grown as a source for textiles, footwear, and electronics, leveraging cost advantages and trade diversification efforts by importers.
Frequently Asked Questions
Which countries supply most of Mexico's imports in 2024 Whole Year?
The top 3 suppliers are the United States ($252.16B), Mainland China ($129.79B), and South Korea ($22.97B).
Does Mexico rely heavily on a single import supplier?
Yes, the United States is Mexico's primary import source, accounting for 40.29% of total imports.
Detailed Quarterly Report
Mexico Top Origin Countries in 2024 Q1Mexico Top Origin Countries in 2024 Q2Mexico Top Origin Countries in 2024 Q3Mexico Top Origin Countries in 2024 Q4
Mexico Top 10 Import Origin Countries in 2023 Q4
Mexico's top import origin in Q4 2023 was the U.S. (41.83% share), with heavy reliance on North American and East Asian suppliers. yTrade data reveals supply chain risks from this concentrated sourcing strategy.
Mexico Top 10 Import Origin Countries in 2024 Q1
Mexico's top import origin in 2024 Q1 remains the U.S. (41.56% share), with heavy reliance on 3 key partners—revealing supply chain risks analyzed by yTrade.
