Mexico Top 10 Import Origin Countries in 2024 Q4
Mexico Top Import Origins and Sourcing Dependency in 2024 Q4
- Dominant Supplier: The U.S. is Mexico's top import source at 39.59% share ($62.84B), solidifying its role as the primary manufacturing and trade hub.
- Concentration Risk: Top 3 partners (U.S., Mainland China, South Korea) account for 64.96% of imports—highlighting heavy reliance on North America and East Asia.
- Mexico's major suppliers include Germany (3.10%), Japan (3.08%), and Vietnam (2.50%), but diversification remains limited outside the top three.
- Strategic Note: Overdependence on the U.S. and China poses supply chain risks if trade tensions escalate. Regional partners (Canada, Brazil) hold minor shares (<2.1%).
Table: Mexico Top Origin Countries in 2024 Q4 (Source: yTrade)
| Origin Countries | Value | Percent |
|---|---|---|
| United States | 62.84B | 39.59% |
| Mainland China | 34.18B | 21.53% |
| South Korea | 6.10B | 3.84% |
| Germany | 4.92B | 3.10% |
| Japan | 4.89B | 3.08% |
| Vietnam | 3.97B | 2.50% |
| Canada | 3.30B | 2.08% |
| Malaysia | 3.29B | 2.07% |
| Brazil | 3.02B | 1.90% |
| Thailand | 2.92B | 1.84% |
Get Complete Mexico Import Origin Countries Profile
Mexico - Key Origin Country Trading Product Pattern
- United States (39.59%): The dominant supplier, reflecting deeply integrated cross-border supply chains. Its exports are primarily in machinery, electrical equipment, and vehicles, capitalizing on proximity and the USMCA trade agreement.
- Mainland China (21.53%): A major source of electronics, industrial machinery, and consumer goods. Its exports benefit from competitive pricing and extensive manufacturing capacity, though some trade is likely routed through the US.
- South Korea (3.84%): Exports are concentrated in high-value electronics, semiconductors, and automotive parts. Its strength lies in advanced technology and strong branding in these sectors.
- Germany (3.10%): Supplies high-end capital goods, automotive components, and specialized machinery. Its exports are defined by engineering precision and a focus on quality industrial products.
- Japan (3.08%): A key partner for automotive parts, electronics, and precision instruments. Japanese exports are characterized by technological innovation and reliability in manufacturing.
- Vietnam (2.50%): An emerging supplier of electronics, textiles, and footwear. Its growing exports are driven by lower production costs and its role in Asian supply networks.
Frequently Asked Questions
Which countries supply most of Mexico's imports in 2024 Q4?
The top 3 import suppliers to Mexico are the United States ($62.84B), Mainland China ($34.18B), and South Korea ($6.10B).
Does Mexico rely heavily on a single import supplier?
Yes, the United States is Mexico's primary import source, accounting for 39.59% of total imports in Q4 2024.
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