Vehicle Parts in Mexico

EXPORTS (2018): $30.1B, World Rnk 4 / 211
Flag Rnk 2 / 1179

TOP DESTINATION (2018): $25B, United States

FASTEST GROWING MARKET (2017 - 2018): $2.07B, United States

IMPORTS (2018): $27.4B, World Rnk 4 / 219
Flag Rnk 2 / 1211

TOP ORIGIN (2018): $16.6B, United States

FASTEST GROWING ORIGIN (2017 - 2018): $1.83B, United States

ECONOMIC COMPLEXITY of Mexico (2018): 1.13, Rnk 21 / 137

PRODUCT COMPLEXITY  IN Vehicle Parts (2018): 1.01, Rnk 170 / 1018

Overview: This page contains the latest trade data of Vehicle Parts in Mexico.

Exports: In 2018, Mexico exported $30.1B in Vehicle Parts, making it the 4th largest exporter of Vehicle Parts in the world. At the same year, Vehicle Parts was the 2nd most exported product in Mexico. The main destination of Vehicle Parts exports from Mexico are: United States ($25B), Canada ($1.66B), China ($822M), Brazil ($614M), and Japan ($413M).

The fastest growing export markets for Vehicle Parts of Mexico between 2017 and 2018 were United States ($2.07B), China ($359M), and Germany ($133M).

Imports: In 2018, Mexico imported $27.4B in Vehicle Parts, becoming the 4th largest importer of Vehicle Parts in the world. At the same year, Vehicle Parts was the 2nd most imported product in Mexico. Mexico imports Vehicle Parts primarily from: United States ($16.6B), China ($2.06B), Germany ($2.02B), Japan ($1.89B), and South Korea ($1.38B).

The fastest growing import markets in Vehicle Parts for Mexico between 2017 and 2018 were United States ($1.83B), Germany ($284M), and China ($114M).

Tariffs: In 2017, the average tariff for Mexico in Vehicle Parts was 1.01%. The countries with the highest import tariffs for Vehicle Parts were Angola (1.23%), Burundi (1.23%), Benin (1.23%), Burkina Faso (1.23%), and Botswana (1.23%).

Value

EXPORTS (2018): $30.1B

IMPORTS (2018): $27.4B

NET TRADE (2018): $2.78B

In 2018, Mexico exported $30.1B in Vehicle Parts. The main destinations of Mexico exports on Vehicle Parts were United States ($25B), Canada ($1.66B), China ($822M), Brazil ($614M), and Japan ($413M).

In 2018, Mexico imported $27.4B in Vehicle Parts, mainly from United States ($16.6B), China ($2.06B), Germany ($2.02B), Japan ($1.89B), and South Korea ($1.38B).

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IN 2018, Mexico HAD A POSITIVE NET TRADE IN Vehicle Parts WITH:

  • United States, $8.46B ($25B - $16.6B)
  • Canada, $710M ($1.66B - $950M)
  • Brazil, $425M ($614M - $189M)

IN 2018, Mexico HAD A NEGATIVE NET TRADE IN Vehicle Parts WITH:

  • Germany, -$1.66B ($358M - $2.02B)
  • Japan, -$1.47B ($413M - $1.89B)
  • China, -$1.24B ($822M - $2.06B)
Flow

THE FASTEST GROWING Vehicle Parts EXPORT MARKETS FOR Mexico WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vehicle Parts BY Mexico WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Mexico's main exporting competitors in Vehicle Parts were:

In 2018, Mexico's main importing competitors in Vehicle Parts were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Vehicle Parts in Mexico. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2017, the average tariff for Mexico in Vehicle Parts was 1.01%.

The countries with the highest tariffs for Vehicle Parts in Mexico were Angola (1.23%), Burundi (1.23%), Benin (1.23%), Burkina Faso (1.23%), and Botswana (1.23%).

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