Mexico Trucks Export Market -- HS Code 8704 Trade Data & Price Trend (Feb 2025)

Mexico Trucks Export (HS 8704) Key Takeaways

Mexico's Trucks Export under HS Code 8704 in February 2025 reveals a market dominated by spark-ignition engine trucks, with premium hybrid and heavy-duty diesel models offering niche opportunities. The trade declined to $5.47B amid policy uncertainties, while extreme buyer concentration—led by manufacturers like GENERAL MOTORS LLC—creates reliance risks. Nearly 95% of exports target the U.S., highlighting geographic vulnerability. This analysis, based on cleanly processed Customs data from the yTrade database, reflects February 2025 conditions.

Mexico Trucks Export (HS 8704) Background

What is HS Code 8704?

HS Code 8704 covers motor vehicles designed for the transport of goods, commonly referred to as trucks. These vehicles are critical for logistics, construction, and agriculture, driving stable global demand due to their role in supply chains. Mexico's trucks export under this code reflects its strong manufacturing base and integration into North American trade networks.

Current Context and Strategic Position

President-elect Donald J. Trump has proposed tariffs of 200 to 500 percent on auto and truck imports from Mexico, a move analysts warn could disrupt US manufacturing supply chains [PIIE]. Mexico's trucks export under HS Code 8704 is strategically significant, accounting for a substantial share of North American trade flows. With potential policy shifts looming, monitoring hs code 8704 trade data is essential to assess risks and opportunities in this sector. Vigilance is critical as Mexico's role in the regional automotive ecosystem faces uncertainty.

Mexico Trucks Export (HS 8704) Price Trend

Key Observations

Mexico Trucks Export trend for February 2025 totaled 5.47 billion USD, reflecting a decrease from January's 6.20 billion USD performance.

Price and Volume Dynamics

The hs code 8704 value trend declined sequentially in February, building on momentum from the start of the year. This shift aligns with trade policy uncertainties, as December 2024 reports highlighted potential tariffs on Mexican vehicle imports [Peterson Institute for International Economics], likely prompting export adjustments in response to market risks.

Mexico Trucks Export (HS 8704) HS Code Breakdown

Product Specialization and Concentration

According to yTrade data, Mexico's export of trucks under HS Code 8704 in February 2025 is heavily concentrated on a single product type. The market is dominated by spark-ignition engine trucks for goods transport under 5 tonnes (HS Code 87043199), which accounts for nearly 23% of the total export value. This product's significant share of both value and shipment quantity confirms its role as the core export specialization.

Value-Chain Structure and Grade Analysis

The remaining exports are split into two distinct value tiers. The first is a small but notable segment of higher-value hybrid trucks (HS Codes 87045199/9900), which command a premium unit price. The second, larger tier consists of various diesel-powered trucks (HS Codes 87042399/9900, 87042299, 87042199). These show a clear price gradient based on gross vehicle weight and engine capacity, with prices for heavy-duty models exceeding $100,000 per unit. This structure of differentiated, manufactured goods with distinct performance grades is not characteristic of a fungible commodity market.

Strategic Implication and Pricing Power

Analysis of HS Code 8704 trade data reveals a market where pricing power is likely held by dominant players in the high-volume spark-ignition segment. For other exporters, the strategy should focus on capturing niches in the premium hybrid or specialized heavy-duty truck categories, where competition may be less intense and unit prices are significantly higher. Mexico's HS Code 8704 exports are therefore not a single market but a series of segmented opportunities based on vehicle capability and technology.

Table: Mexico HS Code 8704) Breakdown Details (Source: yTrade)

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Mexico Trucks Export (HS 8704) Destination Countries

Geographic Concentration and Dominant Role

The United States is the dominant destination for Mexico's truck exports in February 2025. It accounted for 94.53% of the total export value and 93.63% of the quantity. The value share is slightly higher than the quantity share, indicating US demand is skewed toward higher-value or more premium truck models. This aligns with the typical trade pattern for finished manufactured goods like vehicles.

Destination Countries Clusters and Underlying Causes

The remaining trade partners form two distinct clusters. The first is a high-yield cluster, including Canada, Costa Rica, and Honduras. These countries have a higher value share relative to their quantity share, suggesting they import more expensive truck variants or specialized commercial vehicles. The second is a transactional cluster, featuring the United Arab Emirates, Saudi Arabia, and Kuwait. Their higher frequency of shipments, despite lower overall volume, points to a trade model built on smaller, more frequent orders, potentially for specific fleet needs or aftermarket parts.

Forward Strategy and Supply Chain Implications

Mexico's truck export strategy remains heavily dependent on the US market. This deep integration with a single buyer creates significant supply chain risk. To build resilience, Mexican exporters should work to deepen relationships within the existing high-yield cluster. Developing markets in Canada and Central America offer opportunities to diversify revenue streams with premium products, reducing over-reliance on one dominant partner.

Table: Mexico Trucks (HS 8704) Top Destination Countries (Source: yTrade)

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Mexico Trucks (HS 8704) Buyers Analysis

Buyer Market Concentration and Dominance

In February 2025, the Mexico Trucks Export market shows extreme concentration among buyers. According to yTrade data, one segment of buyers—those making large, frequent purchases—dominates with 99.52% of the total trade value. This group also handles 96.18% of all shipments, making high-volume, regular orders the norm for Mexico Trucks Export buyers. The typical trade under hs code 8704 involves substantial, repeated transactions, driven by a few key players.

Strategic Buyer Clusters and Trade Role

The main buyers, like GENERAL MOTORS LLC and BOMBARDIER RECREATIONAL PRODUCTS INC, are direct manufacturers, pointing to a Direct-to-Factory market structure for hs code 8704 trade data. The other three segments of buyers have very small roles, together contributing less than 1% in value. These minor groups include occasional large buyers and smaller, infrequent ones, but they do not shape the market significantly. The overall buyer profile emphasizes strong connections to industrial end-users in the Mexico Trucks Export flow.

Sales Strategy and Vulnerability

For Mexican exporters, the strategy must prioritize serving the dominant high-value buyers to sustain revenue. However, this reliance creates risk if external factors change. According to [Peterson Institute for International Economics], proposed tariffs on Mexican vehicles could threaten this trade, highlighting a need for contingency plans. Exporters should consider diversifying their client base or strengthening partnerships to mitigate potential disruptions in the Mexico Trucks Export market.

Table: Mexico Trucks (HS 8704) Top Buyers List (Source: yTrade)

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Action Plan for Trucks Market Operation and Expansion

• Diversify into premium hybrid and heavy-duty truck segments using hs code 8704 trade data to target less saturated, higher-margin niches and reduce over-reliance on the dominant spark-ignition model.
• Strengthen partnerships with key high-volume buyers like GENERAL MOTORS LLC to secure long-term contracts and stabilize the Mexico Trucks Export revenue stream against potential tariff disruptions.
• Develop targeted export strategies for high-yield markets like Canada and Costa Rica to diversify the geographic footprint and mitigate risk from US market dependence in the Trucks supply chain.
• Leverage detailed shipment frequency data to align production cycles with major buyers' purchasing patterns, optimizing inventory and preventing overstock in the Mexico Trucks Export flow.

Take Action Now —— Explore Mexico Trucks Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Mexico Trucks Export 2025 February?

Mexico's truck exports declined to $5.47 billion in February 2025, down from $6.20 billion in January, likely due to trade policy uncertainties and potential tariffs on Mexican vehicles.

Q2. Who are the main destination countries of Mexico Trucks (HS Code 8704) 2025 February?

The U.S. dominates with 94.53% of export value, followed by Canada, Costa Rica, and Honduras, which form a smaller high-yield cluster.

Q3. Why does the unit price differ across destination countries of Mexico Trucks Export?

Price differences stem from product specialization—premium hybrid and heavy-duty diesel trucks (e.g., HS Codes 87045199/9900) command higher prices, while spark-ignition models (87043199) dominate volume.

Q4. What should exporters in Mexico focus on in the current Trucks export market?

Exporters must prioritize serving dominant industrial buyers like GENERAL MOTORS LLC while diversifying into premium niches (hybrid/heavy-duty trucks) to mitigate overreliance on the U.S. market.

Q5. What does this Mexico Trucks export pattern mean for buyers in partner countries?

U.S. buyers benefit from consistent high-volume supply, while smaller markets like Canada and Honduras access specialized, higher-value models. However, tariff risks may disrupt stability.

Q6. How is Trucks typically used in this trade flow?

Trucks (HS Code 8704) are primarily manufactured goods for commercial transport, with spark-ignition models under 5 tonnes dominating exports for industrial logistics.