Mexico Trucks HS8704 Export Data 2025 Q3 Overview

Mexico Trucks (HS 8704) 2025 Q3 Export: Key Takeaways

Mexico's HS Code 8704 Trucks Export in 2025 Q3 is heavily concentrated in the U.S., which captures 88.76% of export value with higher-margin, lighter models, while Canada and Latin America remain secondary markets. The U.S. dominance reflects tight North American supply chains under USMCA, with minimal fragmentation risk. This analysis, covering 2025 Q3, is based on cleanly processed Customs data from the yTrade database.

Mexico Trucks (HS 8704) 2025 Q3 Export Background

Mexico’s exports of Trucks (HS Code 8704: Motor vehicles for transport of goods) are critical for global logistics and construction industries, where demand remains steady due to infrastructure growth. Under USMCA, Mexico’s HS 8704 shipments to the U.S. still qualify for 0% tariffs, avoiding disruptions seen in other sectors [BBVA Research]. With no new 2025 Q3 tariff hikes, Mexico Trucks HS Code 8704 Export 2025 Q3 data reflects stable trade flows, reinforced by the country’s role as a top North American producer.

Mexico Trucks (HS 8704) 2025 Q3 Export: Trend Summary

Key Observations

Mexico Trucks HS Code 8704 Export 2025 Q3 experienced a sharp unit price decline, plummeting to 0.48 USD/kg in September amid elevated export volumes, signaling a shift toward volume-driven growth despite lower per-unit returns.

Price and Volume Dynamics

Quarter-over-quarter, Q3 average unit prices dropped approximately 27% from Q2's 0.92 USD/kg to 0.67 USD/kg, while volumes rose 21% to 32.65B units. This aligns with automotive export cycles where inventory flush-outs or competitive pricing often drive volume spikes during stable periods, as seen in September's record 15.20B volume at depressed prices. Value fell 17% QoQ to 20.35B, underscoring a pivot toward quantity over margin.

External Context and Outlook

Policy stability under USMCA, with no new tariffs on HS Code 8704 as confirmed by [ytrade.com], facilitated uninterrupted exports (Ballast Markets). However, the price slump likely reflects market-driven factors like oversupply or demand softening, rather than trade disruptions. Outlook remains cautious; sustained volumes are probable under current rules, but price recovery hinges on broader industrial demand and economic conditions.

Mexico Trucks (HS 8704) 2025 Q3 Export: HS Code Breakdown

Product Specialization and Concentration

In 2025 Q3, Mexico's export of trucks under HS Code 8704 is dominated by light-duty vehicles with spark-ignition engines, specifically the sub-code for goods transport vehicles not exceeding 5 tonnes GVW. This product, accounting for 25.12% of the total export value and 16.28% of the weight, has a unit price of 0.96 USD per kilogram, indicating a standardized yet value-dense offering within the range.

Value-Chain Structure and Grade Analysis

The export structure reveals three main categories: spark-ignition engine trucks (e.g., variants under 870431 series), compression-ignition diesel trucks (e.g., 87042299 and 87042199), and hybrid vehicles (e.g., 87045199). With unit prices ranging from 0.40 to 1.98 USD per kilogram, these are differentiated manufactured goods, not bulk commodities, reflecting variations in engine type, technology, and payload capacity rather than fungible traits.

Strategic Implication and Pricing Power

For market players, the diversity in truck types allows for niche targeting and moderate pricing power based on features like fuel efficiency or hybrid technology. Under USMCA, exports face no new tariffs as of 2025 Q3 [Ballast Markets], supporting stable trade flows for Mexico Trucks HS Code 8704 Export 2025 Q3, though compliance with rules of origin remains critical to maintain cost advantages.

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Mexico Trucks (HS 8704) 2025 Q3 Export: Market Concentration

Geographic Concentration and Dominant Role

Mexico Trucks HS Code 8704 Export 2025 Q3 is overwhelmingly concentrated in the United States, which accounts for 88.76% of total export value but only 82.44% of weight, indicating a product mix of higher-value, lighter trucks. Canada is a distant second with 6.79% of value, while all other markets each represent less than 1%.

Partner Countries Clusters and Underlying Causes

Two distinct clusters emerge beyond the dominant US market. The first consists of Canada, which benefits from integrated North American supply chains under USMCA, facilitating predictable, tariff-free trade. The second cluster includes several Latin American nations like Brazil, Argentina, and Chile; their lower shipment volumes and values suggest these are smaller, more fragmented markets where exports face higher trade costs and weaker regional integration.

Forward Strategy and Supply Chain Implications

Exporters must continue prioritizing USMCA compliance to maintain tariff-free access to the US and Canadian markets, as this agreement remains the foundation for over 95% of this trade's value [Ballast Markets](https://content.ballastmarkets.com/tariffs/hs-code/8704-mx/). For other regions, the strategy should be cautious; the low volumes to Latin America show it is a secondary opportunity where growth would require significant investment to overcome trade barriers. The high value-to-weight ratio for US shipments confirms the focus should remain on producing higher-margin models for that core market.

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Mexico Trucks (HS 8704) 2025 Q3 Export: Buyer Cluster

Buyer Market Concentration and Dominance

For Mexico Trucks Export 2025 Q3 under HS Code 8704, the buyer market is extremely concentrated, with one group of buyers dominating the trade. Buyers who place high-value orders frequently make up over 91% of the total export value, showing that the market relies heavily on large, regular purchases. The overall market is characterized by high-value and high-frequency transactions, indicating a stable and volume-driven export flow for this period.

Strategic Buyer Clusters and Trade Role

The other three segments of buyers play smaller roles. Buyers with high value but low frequency likely represent bulk or project-based orders, such as special manufacturing runs, and contribute about 8% of the value. Buyers with low value but high frequency are probably smaller distributors or aftermarket suppliers, handling frequent but minor transactions with almost no value impact. Infrequent small buyers, dealing in very low volumes and values, have a negligible presence in the market.

Sales Strategy and Vulnerability

Mexican exporters should prioritize nurturing relationships with the dominant high-value frequent buyers to secure steady revenue. The low risk from tariff stability, as USMCA continues to apply with no new disruptions for HS 8704 [BBVA Research], supports a sales model focused on volume and long-term contracts. However, over-reliance on a few large buyers could pose a vulnerability if market conditions shift.

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Mexico Trucks (HS 8704) 2025 Q3 Export: Action Plan for Trucks Market Expansion

Strategic Supply Chain Overview

Mexico Trucks Export 2025 Q3 under HS Code 8704 is a manufactured goods market. Price is driven by product specifications like engine type and hybrid technology. It is also shaped by large OEM contract volumes from dominant buyers. The supply chain implication is Mexico's role as an assembly hub for North America. This relies on integrated USMCA trade flows. The main risk is over-reliance on a few large US buyers. Any demand shift could disrupt stability.

Action Plan: Data-Driven Steps for Trucks Market Execution

• Monitor buyer order frequency data. Use it to forecast demand and align production schedules. This prevents overstock and ensures timely delivery to key accounts.
• Analyze HS sub-code performance monthly. Track which truck variants yield the highest margins. This allows resource reallocation to the most profitable models.
• Audit USMCA rules of origin compliance for every shipment. Do this to maintain tariff-free access and avoid unexpected cost penalties.
• Profile secondary market buyers in Latin America. Identify those with growth potential. This diversifies revenue streams beyond the concentrated US market.

The Data-Driven Advantage

Traditional market analysis misses critical details. It overlooks individual buyer purchase patterns. It also ignores sub-component level trade flows. Granular export data reveals these insights. This enables precise inventory management. It also supports smarter partner selection. Ultimately, this maximizes profitability for Mexico Trucks HS Code 8704 Export 2025 Q3.

Take Action Now —— Explore Mexico Trucks Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Mexico Trucks Export 2025 Q3?

The unit price dropped 27% QoQ to 0.67 USD/kg in Q3, while volumes rose 21%, signaling a shift toward volume-driven growth. This reflects market-driven factors like oversupply or competitive pricing rather than trade disruptions.

Q2. Who are the main partner countries in this Mexico Trucks Export 2025 Q3?

The U.S. dominates with 88.76% of export value, followed by Canada at 6.79%. All other markets each account for less than 1%.

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

Price differences stem from product mix variations, such as higher-value light-duty spark-ignition engine trucks (0.96 USD/kg) versus diesel or hybrid models (0.40–1.98 USD/kg).

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

Exporters must prioritize high-value frequent buyers (91% of trade value) and maintain USMCA compliance to secure tariff-free access to the U.S. and Canada.

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

U.S. and Canadian buyers benefit from stable, high-volume shipments under USMCA, while Latin American buyers face fragmented, lower-volume supply with higher trade costs.

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

Exported trucks are primarily light-duty goods transport vehicles (≤5 tonnes GVW), with variations in engine type (spark-ignition, diesel, hybrid) for commercial and logistics use.

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

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