Mexico Top 10 Import Origin Countries in 2024 Q2

Mexico Top Import Origins and Sourcing Dependency in 2024 Q2

• Dominant Supplier: The U.S. is Mexico's top import source at 41.12% ($65.32B), solidifying its role as the primary manufacturing and trade hub.
• Concentration Risk: Top 3 partners (U.S., Mainland China, Germany) account for 64.24% of imports, indicating heavy reliance on North American and East Asian suppliers.
• Mexico's major suppliers include South Korea (3.49%), Japan (3.09%), and Vietnam (2.31%), reflecting a secondary diversification into Asian markets.
• Strategic Note: High U.S. dependency ensures stable NAFTA-linked supply chains but exposes Mexico to potential U.S. economic or policy shifts.

Table: Mexico Top Origin Countries in 2024 Q2 (Source: yTrade)

Get Complete Mexico Import Origin Countries Profile

Mexico - Key Origin Country Trading Product Pattern

• United States (41.12%): As Mexico's primary trading partner, the US supplies a wide range of goods, including machinery, electrical equipment, mineral fuels, and plastics. This massive trade flow is largely driven by tightly integrated cross-border supply chains, particularly in the automotive and electronics sectors.
• Mainland China (19.50%): China is a major source of electronics, machinery, and a vast array of consumer goods and industrial components. Its exports are highly competitive on price, serving both Mexico's manufacturing base and its consumer market.
• Germany (3.62%): Germany exports high-value machinery, motor vehicles and parts, and pharmaceutical products. Its strength lies in precision engineering and advanced industrial goods essential for Mexico's manufacturing and automotive industries.
• South Korea (3.49%): South Korea's exports are dominated by electronics, particularly semiconductors and communications equipment, as well as vehicles and machinery. Its products are key inputs for Mexico's electronics manufacturing and assembly plants.
• Japan (3.09%): Japan supplies Mexico with vehicles and parts, machinery, and electronic equipment. Japanese investment in Mexico's auto sector creates a steady demand for high-quality components and manufacturing technology.
• Vietnam (2.31%): Vietnam has become a significant source for electronics, footwear, textiles, and furniture. Its exports reflect a growing role in global supply chains for consumer goods and components.

Frequently Asked Questions

Which countries supply most of Mexico's imports in 2024 Q2?

The top 3 suppliers are the United States ($65.32B), Mainland China ($30.98B), and Germany ($5.75B).

Does Mexico rely heavily on a single import supplier?

Yes, the United States is Mexico's primary import source, accounting for 41.12% of total imports in Q2 2024.