Mexico Trucks HS8704 Export Data 2025 Q1 Overview

Mexico Trucks (HS 8704) 2025 Q1 Export: Key Takeaways

Mexico’s Trucks Export (HS Code 8704) in 2025 Q1 was overwhelmingly concentrated in the U.S., which absorbed 93% of the value, highlighting both market dependency and high-value manufacturing. The dominance of a single buyer underscores significant market risk, while USMCA-driven trade flows reinforce a North America-focused supply chain strategy. This analysis covers 2025 Q1 and is based on cleanly processed Customs data from the yTrade database.

Mexico Trucks (HS 8704) 2025 Q1 Export Background

Mexico’s Trucks (HS Code 8704)—motor vehicles for transport of goods—are critical for logistics, construction, and agriculture, driving steady global demand. Despite U.S. tariff threats in early 2025, including a proposed 25% "Reciprocal Tariff," Mexico’s HS Code 8704 exports remained shielded under USMCA, maintaining duty-free access for compliant vehicles [BBVA Research]. This stability reinforces Mexico’s role as a top 2025 Q1 supplier, leveraging integrated North American supply chains to meet U.S. truck demand efficiently.

Mexico Trucks (HS 8704) 2025 Q1 Export: Trend Summary

Key Observations

Mexico's truck exports under HS Code 8704 experienced a notable price surge in March 2025, with the unit price jumping to $0.88/kg from $0.76/kg in February, marking a 15.8% monthly increase and contributing to a strong Q1 performance despite volume fluctuations.

Price and Volume Dynamics

In Q1 2025, Mexico Trucks HS Code 8704 Export volume dipped from 8.10B kg in January to 7.19B kg in February, then edged up to 7.31B kg in March, reflecting typical industrial production cycles where early-year inventory adjustments often lead to mid-quarter volatility. The unit price decline in February to $0.76/kg likely stemmed from oversupply or competitive pricing pressures, but the sharp rebound in March to $0.88/kg suggests renewed demand, possibly driven by seasonal stock replenishment ahead of peak shipping seasons. Value followed suit, dropping to $5.47B in February before recovering to $6.46B in March, indicating resilience in the 2025 Q1 export market.

External Context and Outlook

The stability in Mexico's truck exports during Q1 2025 was underpinned by the continued duty-free access under USMCA for qualifying vehicles, as tariffs were not yet in effect for most HS Code 8704 items [Ballast Markets]. However, anticipation of potential tariff changes later in 2025, such as the proposed 25% levy on medium

• and heavy-duty trucks effective November 1 (wcshipping.com), may have influenced March's price spike as buyers advanced purchases. Looking ahead, while USMCA provisions currently support exports, any shifts in trade policy could introduce volatility for Mexico Trucks HS Code 8704 Export in subsequent quarters.

Mexico Trucks (HS 8704) 2025 Q1 Export: HS Code Breakdown

Product Specialization and Concentration

In 2025 Q1, Mexico's export of trucks under HS Code 8704 is dominated by sub-code 87043199, which covers vehicles with spark-ignition engines for goods transport under 5 tonnes. This sub-code holds the largest share by value and weight, with a unit price of 1.05 USD per kilogram, indicating a focus on mid-range truck products.

Value-Chain Structure and Grade Analysis

The other sub-codes fall into three groups: spark-ignition engines with unit prices from 0.52 to 4.33 USD per kilogram, compression-ignition engines ranging from 0.40 to 3.58 USD per kilogram, and hybrid vehicles at 0.54 USD per kilogram. This price spread shows a market for differentiated manufactured goods, where engine type and features dictate value, rather than bulk commodity trading.

Strategic Implication and Pricing Power

Market players can leverage engine differentiation for pricing power, with compression-ignition variants likely commanding higher margins. Although news reports mention potential US tariffs on Mexican vehicles, no new tariffs were imposed in Q1 2025, keeping export conditions stable for Mexico's truck sector [BBVA Research].

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Mexico Trucks (HS 8704) 2025 Q1 Export: Market Concentration

Geographic Concentration and Dominant Role

In 2025 Q1, Mexico's export of Trucks HS Code 8704 was heavily concentrated, with the UNITED STATES accounting for 93.06% of the value and 80.42% of the weight, showing a high unit value that points to advanced manufacturing or final assembly stages for these goods.

Partner Countries Clusters and Underlying Causes

The partner countries fall into three clusters: the US as the core market, driven by USMCA duty-free access for qualifying vehicles [Ballast Markets]; Canada as a secondary hub with similar trade benefits; and smaller markets like Puerto Rico and Latin American nations, likely due to niche demand or limited trade agreements.

Forward Strategy and Supply Chain Implications

For suppliers, this pattern supports a North America-focused strategy, optimizing supply chains around USMCA stability. However, staying alert to tariff risks is key, as news notes no new changes in Q1 2025 but historical volatility (Ballast Markets). Ensuring rules of origin compliance will safeguard market access.

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Mexico Trucks (HS 8704) 2025 Q1 Export: Buyer Cluster

Buyer Market Concentration and Dominance

The Mexico Trucks Export 2025 Q1 market for HS Code 8704 is extremely concentrated, with one group of buyers dominating 93.61% of the total value. These buyers place large, frequent orders, accounting for nearly all the weight and value shipped. The market is defined by high-volume, regular transactions from a few key players, making this a highly centralized trade flow for the period.

Strategic Buyer Clusters and Trade Role

The remaining buyers fall into three segments. A small set of buyers places large orders but infrequently, likely for specialized or bulk truck purchases. Another group consists of buyers with small, frequent orders, possibly smaller dealers or parts suppliers needing regular but minor shipments. The last segment includes occasional, small-scale buyers, which might represent niche markets or one-off transactions, contributing minimally to overall trade.

Sales Strategy and Vulnerability

For Mexican exporters, the focus should be on maintaining strong relationships with the dominant high-volume buyers, as they drive nearly all revenue. The risk lies in over-reliance on these few clients, but opportunities exist in nurturing the infrequent large buyers for growth. The sales model must prioritize efficiency and reliability for frequent orders. The current USMCA framework supports duty-free access for qualifying vehicles [Ballast Markets], reducing tariff risks and reinforcing the stability of this export strategy.

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Mexico Trucks (HS 8704) 2025 Q1 Export: Action Plan for Trucks Market Expansion

Strategic Supply Chain Overview

Mexico Trucks Export 2025 Q1 under HS Code 8704 is driven by product specifications, particularly engine types, and high-volume OEM contracts. The US market dominance, supported by USMCA, shapes Mexico's role as an assembly hub with technology dependence. Supply chains must prioritize North American integration and rules of origin compliance to maintain stability.

Action Plan: Data-Driven Steps for Trucks Market Execution

• Use HS Code sub-category data to focus production on high-margin engine variants like compression-ignition. This increases profitability by leveraging product differentiation.
• Analyze buyer frequency data to strengthen relationships with dominant high-volume clients and identify infrequent large buyers for diversification. This reduces over-reliance risks and secures revenue.
• Monitor geographic export patterns to ensure USMCA compliance and watch for tariff changes. This protects market access and avoids disruptions.
• Optimize supply chains around North American hubs based on destination data. This cuts costs and improves delivery efficiency for key markets.

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Frequently Asked Questions

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

The March 2025 price surge (15.8% monthly increase to $0.88/kg) reflects renewed demand, likely due to seasonal stock replenishment. Volume fluctuations in Q1 align with typical industrial production cycles, while USMCA duty-free access stabilized exports despite tariff anticipation.

Q2. Who are the main partner countries in this Mexico Trucks Export 2025 Q1?

The U.S. dominates with 93.06% of export value, followed by Canada and smaller markets like Puerto Rico. This concentration is reinforced by USMCA trade benefits.

Q3. Why does the unit price differ across Mexico Trucks Export 2025 Q1 partner countries?

Price differences stem from engine types and features. Spark-ignition trucks (e.g., sub-code 87043199) average $1.05/kg, while compression-ignition variants range up to $3.58/kg, reflecting value-chain differentiation.

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

Prioritize relationships with dominant high-volume buyers (93.61% of trade) and ensure USMCA compliance. Diversifying into infrequent large buyers could mitigate over-reliance risks.

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

U.S. buyers benefit from stable, high-value shipments under USMCA, while niche markets face limited supply. Price volatility may persist due to potential tariff shifts later in 2025.

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

Exports focus on manufactured goods transport, particularly mid-range trucks (under 5 tonnes) with spark- or compression-ignition engines, indicating industrial and commercial applications.

Q7. What is yTrade?

yTrade is a global trade data platform that provides SaaS and API access to provide accurate, structured, and searchable import-export trade data for international business decisions. It enables users to access verified shipment records, analyse buyer and supplier activity, review company trade overviews, assess compliance risks, and monitor real market demand — all from a single, scalable system.

Q8. How can yTrade benefit my business?

yTrade helps businesses:

• Identify active and verified buyers through global import data
• Discover reliable suppliers with real shipment history
• Monitor competitor previous trade activity
• Reduce sourcing and compliance risk with worldwide export data
• Support data-driven sales, procurement, and market expansion decisions
• Save time by replacing manual research with structured trade data analysis

Q9. What features does yTrade offer?

yTrade provides practical, trade-focused tools including:

• Global shipment search by HS code, product, company name, port, or country
• Detailed company trade profiles with ownership and relationship mapping
• Buyer and supplier discovery with real transaction trade records
• Basic compliance with background checks and sanctions risk screening
• Competitor's shipment tracking and selling/buying behaviour analysis
• Trade Trends to identify market demand and trade flow monitoring
• Big-Data Search engine with percised filters to generate accurate data reports
• Global Trade Data API access for Internal Softwares like CRM, ERP, and SaaS integration All data is structured, verified, and cleaned to ensure consistency and reliability.

Detailed Monthly Report

Mexico HS8704 Export Snapshot 2025 JAN

Mexico HS8704 Export Snapshot 2025 FEB

Mexico HS8704 Export Snapshot 2025 MAR