Jun 12, 2024

Visualizing US-Mexico Trade

🚗💻 Vehicles, electronics, and more – the diverse Mexican exports that keep America moving ↓

While the US makes up just about 43% of Mexico’s total imports, it’s in Mexican exports to the north that we see just how much this relationship has deepened over the years. The two economies move in sync today, and when US consumers and businesses want to buy quality foreign goods at a fair price, Mexico is by far the key provider.

As a result of this, Mexico’s 1994 trade deficit with the US has become a $150B trade surplus last year.

Evidently, Mexican exports are on a roll, as the country’s businesses have capitalized on their comparative advantage and proximity to the world’s largest consumer market. But what exactly are Americans buying en masse from their southern neighbors? As it turns out…a little bit of everything.

Mexican companies ship computers, electronics, machinery, plastics, oils, and a whole lot more to the US. They fit perfectly into both US and Canadian supply chains when it comes to manufacturing, agriculture, and most notably high-value technologies such as cars.

In fact, vehicles make up Mexico’s largest export category, as both regional and international firms use the country’s great trade terms – and ideal geographic location – to set up factories.

Dataset

Product	Mexico Import Billion USD		Product	Mexico Export Billion USD		Sectors	Mexico Export Billion USD	Mexico Import Billion USD		Source	Target	Billion USD
85--Electric Machinery Etc	Sound Equip	51.60		87--Vehicles, Except Railway Or Tramway	129.383		Vehicles, Except Railway Or Tramway	129.4	28.4		Vehicles, Except Railway Or Tramway	Mexico Export to USA
84--Nuclear Reactors, Boilers, Machinery	45.71		85--Electric Machinery Etc	Sound Equip	85.153		Electric Machinery Etc	Sound Equip	85.2	51.6		Electric Machinery Etc
27--Mineral Fuel, Oil	Bitumin Subst	45.07		84--Nuclear Reactors, Boilers, Machinery	81.204		Nuclear Reactors, Boilers, Machinery	81.2	45.7		Nuclear Reactors, Boilers, Machinery	Mexico Export to USA
87--Vehicles, Except Railway Or Tramway	28.36		27--Mineral Fuel, Oil	Bitumin Subst	24.159		Mineral Fuel, Oil	Bitumin Subst	24.2	45.1		Mineral Fuel, Oil
39--Plastics & Articles Thereof	21.20		90--Optic, Photo, Medic Or Surgical Instrments	22.272		Optic, Photo, Medic Or Surgical Instrments	22.3	10.1		Optic, Photo, Medic Or Surgical Instrments	Mexico Export to USA	22.3
90--Optic, Photo, Medic Or Surgical Instrments	10.14		94--Furniture	Bedding	13.254		Furniture	Bedding	13.3	1.8		Furniture
98--Special Classification Provisions, Nesoi	9.71		22--Beverages, Spirits And Vinegar	11.568		Beverages, Spirits And Vinegar	11.6	0.5		Beverages, Spirits And Vinegar	Mexico Export to USA	11.6
73--Articles Of Iron Or Steel	7.51		08--Edible Fruit & Nuts	Citrus Fruit	10.53		Edible Fruit & Nuts	Citrus Fruit	10.5	1.2		Edible Fruit & Nuts
10--Cereals	6.90		07--Edible Vegetables & Certain Roots	9.212		Edible Vegetables & Certain Roots	9.2	0.7		Edible Vegetables & Certain Roots	Mexico Export to USA	9.2
29--Organic Chemicals	6.83		98--Special Classification Provisions, Nesoi	7.921		Plastics & Articles Thereof	7.8	21.2		Plastics & Articles Thereof	Mexico Export to USA	7.8
72--Iron And Steel	6.82		39--Plastics & Articles Thereof	7.805		Articles Of Iron Or Steel	7.8	7.5		Articles Of Iron Or Steel	Mexico Export to USA	7.8
38--Miscellaneous Chemical Products	6.18		73--Articles Of Iron Or Steel	7.76		Nat Etc Pearls, Prec Etc Stones	5.5	0.8		Nat Etc Pearls, Prec Etc Stones	Mexico Export to USA	5.5
88--Aircraft, Spacecraft, And Parts Thereof	4.91		71--Nat Etc Pearls, Prec Etc Stones	5.516		Rubber & Articles Thereof	4.6	4.3		Rubber & Articles Thereof	Mexico Export to USA	4.6
76--Aluminum And Articles Thereof	4.40		40--Rubber & Articles Thereof	4.564		Iron And Steel	3.6	6.8		Iron And Steel	Mexico Export to USA	3.6
02--Meat & Edible Meat Offal	4.34		72--Iron And Steel	3.587		Cereals	0.0	6.9		Cereals	Mexico Export to USA	0.0
40--Rubber & Articles Thereof	4.28		99--Special Import Provisions, Nesoi	2.935		Organic Chemicals	0.6	6.8		Organic Chemicals	Mexico Export to USA	0.6
48--Paper & Paperboard	4.27		83--Miscellaneous Articles Of Base Metal	2.835		Miscellaneous Chemical Products	1.1	6.2		Miscellaneous Chemical Products	Mexico Export to USA	1.1
74--Copper And Articles Thereof	3.69		19--Prep Cereal, Flour, Starch	2.791		Aircraft, Spacecraft, And Parts Thereof	1.3	4.9		Aircraft, Spacecraft, And Parts Thereof	Mexico Export to USA	1.3
12--Oil Seeds Etc.	Misc Grain	3.34		17--Sugars And Sugar Confectionary	2.136		Aluminum And Articles Thereof	1.9	4.4		Aluminum And Articles Thereof	Mexico Export to USA
30--Pharmaceutical Products	2.67		20--Prep Vegetables, Fruit, Nuts	2.058		Meat & Edible Meat Offal	2.0	4.3		Meat & Edible Meat Offal	Mexico Export to USA	2.0
04--Dairy Prods	Birds Eggs	Honey	2.38		02--Meat & Edible Meat Offal	1.99		Special Classification and Import Provisions, Nesoi	10.9	9.7		Special Classification and Import Provisions, Nesoi
23--Food Industry Residues & Waste	2.33		76--Aluminum And Articles Thereof	1.94		Others	41.8	54.3		Others	Mexico Export to USA	41.8
28--Inorg Chem	Prec & Rare-Earth Met	2.30		62--Apparel Articles & Accessories	1.898						Vehicles, Except Railway Or Tramway	Mexico Import from USA
32--Tanning & Dye Ext	1.91		70--Glass And Glassware	1.882						Electric Machinery Etc	Sound Equip	Mexico Import from USA
83--Miscellaneous Articles Of Base Metal	1.88		33--Essential Oils	Perfumery, Cosmetic	1.644						Nuclear Reactors, Boilers, Machinery	Mexico Import from USA
94--Furniture	Bedding	1.85		95--Toys, Games & Sport Equipment	1.532						Mineral Fuel, Oil	Bitumin Subst
21--Miscellaneous Edible Preparations	1.68		48--Paper & Paperboard	1.526						Optic, Photo, Medic Or Surgical Instrments	Mexico Import from USA	10.1
26--Ores, Slag And Ash	1.63		69--Ceramic Products	1.334						Furniture	Bedding	Mexico Import from USA
95--Toys, Games & Sport Equipment	1.28		88--Aircraft, Spacecraft, And Parts Thereof	1.323						Beverages, Spirits And Vinegar	Mexico Import from USA	0.5
86--Railway Or Tramway Stock Etc	1.28		63--Textile Art Nesoi	Needlecraft Sets	1.249						Edible Fruit & Nuts	Citrus Fruit
33--Essential Oils	Perfumery, Cosmetic	1.18		38--Miscellaneous Chemical Products	1.134						Edible Vegetables & Certain Roots	Mexico Import from USA
08--Edible Fruit & Nuts	Citrus Fruit	1.16		01--Live Animals	1.13						Plastics & Articles Thereof	Mexico Import from USA
17--Sugars And Sugar Confectionary	1.11		68--Art Of Stone, Plaster Etc.	1.096						Articles Of Iron Or Steel	Mexico Import from USA	7.5
44--Wood & Articles Of Wood	1.11		21--Miscellaneous Edible Preparations	1.083						Nat Etc Pearls, Prec Etc Stones	Mexico Import from USA	0.8
61--Apparel Articles & Accessories	1.08		61--Apparel Articles & Accessories	1.046						Rubber & Articles Thereof	Mexico Import from USA	4.3
47--Wood Pulp	1.07		34--Soap	Waxes, Polish	1.024						Iron And Steel	Mexico Import from USA
82--Tools, Cutlery Etc. Of Base Metal	1.06		28--Inorg Chem	Prec & Rare-Earth Met	0.93						Cereals	Mexico Import from USA
59--Impregnated Etc Text Fabrics	1.02		74--Copper And Articles Thereof	0.913						Organic Chemicals	Mexico Import from USA	6.8
70--Glass And Glassware	0.98		30--Pharmaceutical Products	0.902						Miscellaneous Chemical Products	Mexico Import from USA	6.2
34--Soap	Waxes, Polish	0.95		89--Ships, Boats And Floating Structures	0.848						Aircraft, Spacecraft, And Parts Thereof	Mexico Import from USA
71--Nat Etc Pearls, Prec Etc Stones	0.82		96--Miscellaneous Manufactured Articles	0.794						Aluminum And Articles Thereof	Mexico Import from USA	4.4
20--Prep Vegetables, Fruit, Nuts	0.81		64--Footwear, Gaiters	0.769						Meat & Edible Meat Offal	Mexico Import from USA	4.3
56--Wadding, Felt	0.78		44--Wood & Articles Of Wood	0.721						Special Classification and Import Provisions, Nesoi	Mexico Import from USA	9.7
35--Albuminoidal Subst	Modified Starch	0.74		82--Tools, Cutlery Etc. Of Base Metal	0.625						Others	Mexico Import from USA
07--Edible Vegetables & Certain Roots	0.69		18--Cocoa And Cocoa Preparations	0.612
62--Apparel Articles & Accessories	0.67		29--Organic Chemicals	0.587
96--Miscellaneous Manufactured Articles	0.62		15--Animal Or Vegetable Fats, Oils	0.527
19--Prep Cereal, Flour, Starch	0.59		03--Fish & Aquatic Invertebrates	0.526
11--Milling Products	Malt	Starch	0.59		49--Printed Books, Newspapers	0.524
63--Textile Art Nesoi	Needlecraft Sets	0.57		25--Salt	Sulfur	Earth & Stone	0.511
15--Animal Or Vegetable Fats, Oils	0.56		09--Coffee, Tea, Mate & Spices	0.506
54--Manmade Filaments, Including Yarns	0.52		32--Tanning & Dye Ext	0.455
68--Art Of Stone, Plaster Etc.	0.52		59--Impregnated Etc Text Fabrics	0.43
22--Beverages, Spirits And Vinegar	0.50		65--Headgear & Parts Thereof	0.398
49--Printed Books, Newspapers	0.50		42--Leather Art	Saddlery	0.355
75--Nickel And Articles Thereof	0.48		86--Railway Or Tramway Stock Etc	0.336
16--Edible Preparations Of Meat, Fish	0.47		79--Zinc And Articles Thereof	0.307
52--Cotton, Including Yarn	0.42		11--Milling Products	Malt	Starch	0.239
69--Ceramic Products	0.38		04--Dairy Prods	Birds Eggs	Honey	0.218
31--Fertilizers	0.38		56--Wadding, Felt	0.197
55--Manmade Staple Fibers, Including Yarns	0.35		16--Edible Preparations Of Meat, Fish	0.193
25--Salt	Sulfur	Earth & Stone	0.35		75--Nickel And Articles Thereof	0.191
18--Cocoa And Cocoa Preparations	0.32		57--Carpets & Floor Coverings	0.172
41--Raw Hides & Skins & Leather	0.30		26--Ores, Slag And Ash	0.154
60--Knitted Or Crocheted Fabrics	0.30		31--Fertilizers	0.146
05--Products Of Animal Origin	0.27		54--Manmade Filaments, Including Yarns	0.132
81--Base Metals Nesoi	Cermets	0.25		12--Oil Seeds Etc.	Misc Grain	0.126
89--Ships, Boats And Floating Structures	0.23		78--Lead And Articles Thereof	0.123
58--Spec Wov Fabrics	0.22		35--Albuminoidal Subst	Modified Starch	0.122
42--Leather Art	Saddlery	0.17		23--Food Industry Residues & Waste	0.119
79--Zinc And Articles Thereof	0.16		24--Tobacco & Manufactured Tobacco Substitutes	0.116
01--Live Animals	0.14		36--Explosives	Pyrotechnics	0.113
37--Photographic Goods	0.12		92--Musical Instruments	0.107
64--Footwear, Gaiters	0.12		97--Works Of Art, Collectors' Pieces & Antiques	0.1
06--Live Trees, Plants, Bulbs	0.11		06--Live Trees, Plants, Bulbs	0.099
36--Explosives	Pyrotechnics	0.11		93--Arms & Ammunition	0.087
97--Works Of Art, Collectors' Pieces & Antiques	0.11		05--Products Of Animal Origin	0.08
57--Carpets & Floor Coverings	0.10		81--Base Metals Nesoi	Cermets	0.078
93--Arms & Ammunition	0.10		41--Raw Hides & Skins & Leather	0.076
91--Clocks And Watches And Parts Thereof	0.09		13--Lac	Gums & Other Vegetable Sap	0.074
80--Tin And Articles Thereof	0.09		58--Spec Wov Fabrics	0.066
65--Headgear & Parts Thereof	0.09		55--Manmade Staple Fibers, Including Yarns	0.065
09--Coffee, Tea, Mate & Spices	0.07		14--Vegetable Plaiting Materials & Products	0.063
13--Lac	Gums & Other Vegetable Sap	0.07		52--Cotton, Including Yarn	0.053
24--Tobacco & Manufactured Tobacco Substitutes	0.06		80--Tin And Articles Thereof	0.048
03--Fish & Aquatic Invertebrates	0.06		60--Knitted Or Crocheted Fabrics	0.042
78--Lead And Articles Thereof	0.05		91--Clocks And Watches And Parts Thereof	0.041
92--Musical Instruments	0.04		46--Mfr Of Straw, Esparto	0.037
51--Wool & Animal Hair, Including Yarn	0.02		51--Wool & Animal Hair, Including Yarn	0.028
45--Cork And Articles Of Cork	0.01		10--Cereals	0.017
66--Umbrellas, Walking-Sticks	0.01		37--Photographic Goods	0.013
46--Mfr Of Straw, Esparto	0.01		47--Wood Pulp	0.006
67--Prep Feathers, Down Etc	0.01		67--Prep Feathers, Down Etc	0.005
53--Veg Text Fib Nesoi	0.01		66--Umbrellas, Walking-Sticks	0.004
43--Furskins & Artificial Fur	0.00		45--Cork And Articles Of Cork	0.003
14--Vegetable Plaiting Materials & Products	0.00		50--Silk, Including Yarns	0.002
50--Silk, Including Yarns	0.00		53--Veg Text Fib Nesoi	0.001
			43--Furskins & Artificial Fur	0

Data sources

https://www.banxico.org.mx/CuboComercioExterior/ValorDolares/seriesproducto https://www.trade.gov/data-visualization/tradestats-express-us-trade-partner-countries-and-regions

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