Mexico Top 10 Import Origin Countries in 2024 Q1
Mexico Top Import Origins and Sourcing Dependency in 2024 Q1
- Dominant Supplier: The U.S. is Mexico's top import source at 41.56% share ($60.83B), solidifying its role as the primary manufacturing and trade hub.
- Concentration Risk: Top 3 partners (U.S., Mainland China, Germany) account for 65.69% of imports, indicating heavy reliance on North American and East Asian supply chains.
- Mexico's major suppliers show a steep drop-off after the top two—South Korea (3.27%) and Japan (3.04%) trail far behind China’s 20.51% share.
- Strategic Note: Overdependence on the U.S. and China exposes Mexico to geopolitical or trade policy shifts, though regional proximity buffers U.S. supply chain volatility.
Table: Mexico Top Origin Countries in 2024 Q1 (Source: yTrade)
| Origin Countries | Value | Percent |
|---|---|---|
| United States | 60.83B | 41.56% |
| Mainland China | 30.02B | 20.51% |
| Germany | 5.30B | 3.62% |
| South Korea | 4.79B | 3.27% |
| Japan | 4.45B | 3.04% |
| Vietnam | 3.26B | 2.23% |
| Canada | 3.24B | 2.22% |
| Brazil | 2.65B | 1.81% |
| Malaysia | 2.64B | 1.80% |
| Thailand | 2.41B | 1.65% |
Get Complete Mexico Import Origin Countries Profile
Mexico - Key Origin Country Trading Product Pattern
- United States (41.56%): Dominates as Mexico's primary import source, reflecting deeply integrated North American supply chains, particularly in automotive, machinery, and electronics.
- Mainland China (20.51%): Serves as a major supplier of consumer goods, electronics components, and industrial equipment, competing directly with regional manufacturing.
- Germany (3.62%): Exports high-value capital goods, luxury automobiles, and specialized industrial machinery to Mexico's manufacturing sector.
- South Korea (3.27%): Supplies key electronics components, vehicles, and petrochemicals, leveraging strong trade agreements and manufacturing partnerships.
- Japan (3.04%): Provides automotive parts, precision machinery, and electronic components, supporting Mexico's robust auto assembly industry.
- Vietnam (2.23%): Has rapidly grown as a source for textiles, footwear, and furniture, capitalizing on cost-effective manufacturing and trade diversification.
Frequently Asked Questions
Which countries supply most of Mexico's imports in 2024 Q1?
The top 3 suppliers are the United States ($60.83B), Mainland China ($30.02B), and Germany ($5.30B).
Does Mexico rely heavily on a single import supplier?
Yes, the United States is Mexico's primary import source, accounting for 41.56% of total imports in Q1 2024.
Mexico Top 10 Import Origin Countries in 2024
Mexico's top import origin in 2024 remains the U.S. at 40.29%, with yTrade data showing 64.7% reliance on just 3 suppliers - highlighting critical supply chain vulnerabilities.
Mexico Top 10 Import Origin Countries in 2024 Q2
Mexico's top import origin remains the U.S. at 41.12% in Q2 2024, showing strong NAFTA ties but vulnerability to policy shifts. yTrade data reveals 64.24% import concentration in top 3 partners.
