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

Mexico Trucks Export (HS 8704) Key Takeaways

Mexico's Trucks Export under HS Code 8704 surged to $6.2B in January 2025, driven by preemptive shipments ahead of potential U.S. tariffs. The market is dominated by spark-ignition engine trucks under 5 tonnes, accounting for 23% of export value, with pricing power concentrated in this mid-range segment. Nearly 92% of shipments go to the U.S., creating high geographic risk, while buyer concentration is extreme—one group controls 98.8% of trade value. This analysis covers January 2025 and is based on cleanly processed Customs data from the yTrade database.

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 is a key segment, reflecting its industrial capacity and trade relationships.

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 that could disrupt trade flows [PIIE]. Mexico's trucks export under HS Code 8704 is strategically significant, given its integration with North American manufacturing networks. This potential policy shift underscores the need for vigilance in monitoring hs code 8704 trade data, as tariffs could reshape market dynamics and supply chains in early 2025.

Mexico Trucks Export (HS 8704) Price Trend

Key Observations

Mexico's Trucks Export trend opened 2025 with a significant surge, reaching a total value of 6.20 billion USD in January. The unit price for these exports stood at $0.77 per kilogram during the period.

Price and Volume Dynamics

This strong performance appears to be driven by anticipatory market behavior ahead of potential policy shifts. [The Peterson Institute for International Economics reported in December 2024 that then-President-elect Trump had vowed to impose tariffs of 200 to 500 percent on auto and truck imports from Mexico. This likely prompted manufacturers and exporters to accelerate shipments early in the year to mitigate future cost impacts. The hs code 8704 value trend reflects this strategic stock movement, combining heightened volume with competitive pricing to secure market share before any restrictions could take effect.

Mexico Trucks Export (HS 8704) HS Code Breakdown

Product Specialization and Concentration

In January 2025, Mexico's export activities under HS Code 8704 are heavily concentrated in a single product type, specifically spark-ignition engine trucks for goods transport under 5 tonnes. According to yTrade data, this sub-code accounts for over 23% of the total export value, with a unit price of approximately 27,473 USD per vehicle, indicating a focused specialization in mid-range utility vehicles. A notable anomaly exists with higher-priced compression-ignition engine trucks exceeding 20 tonnes, which have unit prices above 104,000 USD; these are isolated from the main analysis due to their extreme pricing.

Value-Chain Structure and Grade Analysis

The remaining non-anomalous exports under HS Code 8704 can be grouped into three categories based on engine and weight specifications: spark-ignition trucks under 5 tonnes, compression-ignition diesel trucks under 5 tonnes, and hybrid electric-spark ignition models. This structure reveals a trade in differentiated manufactured goods, with unit prices ranging from 20,000 to 37,000 USD, reflecting variations in technology and capacity rather than fungible commodity characteristics.

Strategic Implication and Pricing Power

This market structure suggests strong pricing power for producers of the dominant spark-ignition trucks, while niche high-end models face limited volume opportunities. Exporters should focus on optimizing production for the high-demand mid-range segment to leverage economies of scale, as indicated by HS Code 8704 trade data from Mexico.

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 Trucks exports in January 2025, accounting for 91.49% of the value and 91.08% of the quantity. The value and quantity shares are nearly equal, indicating consistent pricing and volume for vehicle shipments. The frequency share is lower at 54.29%, suggesting fewer but larger shipments, which is typical for bulk exports of manufactured goods like trucks under HS Code 8704.

Destination Countries Clusters and Underlying Causes

Other countries form two main clusters based on trade patterns. Canada represents a transactional cluster with a high frequency share of 18.33% but lower value and quantity shares, pointing to frequent, smaller orders that might involve aftermarket parts or just-in-time supply chains for vehicles. China Mainland shows a volume-oriented profile with a quantity share of 0.36% exceeding its value share of 0.16%, indicating exports of lower-value or component-level truck items, possibly for assembly or cost-sensitive markets.

Forward Strategy and Supply Chain Implications

To mitigate risks, Mexico should diversify its Trucks export markets beyond the heavy reliance on the United States. The potential for high tariffs on Mexican vehicles, as indicated by news of proposed measures [Piie], underscores the need to strengthen ties with transactional partners like Canada and explore volume markets such as China. Focusing on these clusters can help stabilize supply chains and capture opportunities in less volatile regions.

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

According to yTrade data, the Mexico Trucks Export buyers market in January 2025 is heavily concentrated. One group of buyers, making frequent and high-value purchases, dominates with 98.8% of the total trade value. This group also handles 99.9% of the total weight shipped. The typical trade for Mexico's HS code 8704 trade data involves large, regular shipments to a very small number of important customers.

Strategic Buyer Clusters and Trade Role

The profile of these dominant HS code 8704 buyers, including companies like Kenworth Truck Company, indicates a direct-to-factory market. These are not trading firms but the end manufacturers themselves. The other three segments of buyers are very small. Together, they account for less than 2% of the total trade value and appear to be smaller regional distributors or dealers with infrequent orders.

Sales Strategy and Vulnerability

For exporters in Mexico, the strategy must focus entirely on maintaining relationships with a few major manufacturing clients. This reliance creates significant risk if even one large buyer changes its orders. This vulnerability is highlighted by news of potential future tariffs on Mexican vehicles, which could directly impact these key buyers and disrupt the entire export flow [piie.com]. The sales model is direct and efficient but lacks diversification.

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

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Action Plan for Trucks Market Operation and Expansion

• Diversify into transactional markets like Canada using hs code 8704 trade data to identify high-frequency buyers. This reduces over-reliance on the US and stabilizes revenue from smaller, recurring orders.
• Focus production on the dominant spark-ignition truck segment under 5 tonnes to leverage economies of scale. This maximizes profitability in the Mexico Trucks Export market by aligning output with proven, high-volume demand.
• Strengthen direct relationships with major OEM buyers like Kenworth to secure long-term contracts. This mitigates the extreme vulnerability of the Mexico Trucks Export supply chain to the loss of a single large client.
• Develop a contingency plan for the Trucks supply chain to navigate potential US tariff changes. This protects Mexico's export flow by preparing for policy shifts that could disrupt the primary market overnight.

Take Action Now —— Explore Mexico Trucks Export Data

Frequently Asked Questions

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

The surge in Mexico's Trucks exports to 6.20 billion USD in January 2025 reflects anticipatory shipments ahead of potential U.S. tariffs, with manufacturers accelerating deliveries to mitigate future cost impacts.

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

The U.S. dominates with 91.5% of export value, followed by Canada (smaller, frequent orders) and China (volume-focused but low-value shipments).

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

Price variations stem from product specialization: spark-ignition trucks under 5 tonnes (27,473 USD) form the bulk, while niche high-end models (e.g., 104,000 USD diesel trucks) skew averages for specific markets.

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

Exporters must prioritize maintaining relationships with dominant U.S. manufacturers (98.8% of trade value) while diversifying to transactional partners like Canada to reduce tariff risks.

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

U.S. buyers benefit from stable, large-scale supply, but reliance on Mexico exposes them to tariff disruptions. Smaller buyers (e.g., Canada) access frequent, flexible shipments for aftermarket needs.

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

Exports under HS Code 8704 primarily serve commercial goods transport, with mid-range spark-ignition trucks (under 5 tonnes) as the workhorse for manufacturing and logistics sectors.