Mexico Top 10 Import Origin Countries in 2024 Q3

Mexico Top Import Origins and Sourcing Dependency in 2024 Q3

• Dominant Supplier: The U.S. is Mexico's top import source at 39.01% ($63.17B), solidifying its role as the primary supplier and manufacturing hub due to proximity and trade agreements.
• Concentration Risk: Top 3 partners (U.S., Mainland China, South Korea) account for 64.41% of imports, indicating heavy reliance on North America and East Asia for key inputs.
• Mexico's major suppliers include Germany (3.32%) and Japan (3.08%), but regional diversification remains limited outside the top three.
• Strategic Note: High U.S. dependence ensures stable logistics but exposes Mexico to potential disruptions from U.S. policy shifts or China-U.S. trade tensions.

Table: Mexico Top Origin Countries in 2024 Q3 (Source: yTrade)

Get Complete Mexico Import Origin Countries Profile

Mexico - Key Origin Country Trading Product Pattern

• United States (39.01%): As Mexico's primary supplier, the U.S. exports a massive volume of goods, driven by integrated supply chains, especially in the automotive, machinery, and electronics sectors under the USMCA trade agreement.
• Mainland China (21.37%): China is a major source of manufactured goods for Mexico, supplying a wide range of consumer electronics, industrial components, and textiles at competitive prices.
• South Korea (4.03%): South Korean exports to Mexico are dominated by high-value electronics, semiconductors, and automobiles, reflecting its strong industrial base and foreign direct investment in Mexican manufacturing.
• Germany (3.32%): Germany supplies Mexico with precision machinery, high-end automotive parts, and chemical products, leveraging its reputation for engineering excellence and quality.
• Japan (3.08%): Japan's exports to Mexico focus on automotive components, electronic devices, and specialized manufacturing equipment, supported by significant Japanese corporate investment in the country.
• Vietnam (2.48%): Vietnam has become a growing supplier of textiles, footwear, and consumer electronics to Mexico, benefiting from cost-effective manufacturing and expanding trade links.

Frequently Asked Questions

Which countries supply most of Mexico's imports in 2024 Q3?

The top 3 suppliers are the United States ($63.17B, 39.01%), Mainland China ($34.61B, 21.37%), and South Korea ($6.53B, 4.03%).

Does Mexico rely heavily on a single import supplier?

Yes, the United States is Mexico's primary import source, accounting for 39.01% of total imports in Q3 2024.