Total Exports (2019) $460,703,804,234 : Total Imports (2019) $455,289,486,227 : Trade Balance (2019) $5,414,318,007 : Exports of goods and services (% of GDP) (2019) 39.06%: Imports of goods and services (% of GDP) (2019) 39.11% The U.S. goods trade deficit with Mexico was $81.5 billion in 2018. Mexico's Economy Depends on Exports Mexico is the 12th largest exporter in the world. Mexico is a major participant in international agricultural trade. Mexico is the first or second-largest export destination for 27 U.S. states. Here’s a look at Mexico’s imports over the past decade: Delay fees and GRIs have the potential to greatly affect your overall shipping costs. What did Mexico export in 2019? Mexico’s economic freedom score is 66.0, making its economy the 67th freest in the 2020 Index. Major Mexican Fruit and Vegetable Exports. Beverages, spirits, vinegar: $7.5 billion (1.6%) Fruits, nuts: $7.4 billion (1.6%) Mexico’s top 10 exports accounted for nearly four-fifths (79%) of the overall value of its global shipments. The United States was Mexico's most important country of destination when it comes to beer exports in 2018, with an exported value of almost three and a half billion U.S. dollars. Trade Balance (2018) -$2,860,734,558. Some resources are not available on server temporarily. In 2017, trade between the US and Mexico increased to $462.9 billion as compared to $437.52 in the last year. The change in exports was -9.56 percent and the change in imports was 7.02 percent. In 2018, Mexico (508K tonnes) and Spain (352K tonnes) represented the major exporters of pumpkin (squash and gourds)around the world, together achieving 55% of total exports. May 9, 2018. For October 2018, re-exports to Canada were $4,781.1 million. It had ranked No. Year. Download historical data for 20 million indicators using your browser. More than 90% of Mexico's trade is under 12 free trade agreements. Details may not equal totals due to rounding. Mexico, Service imports (BoP, current US$) is 37,691,030,236.00. 2 among U.S. trade partners in October. Mexico Service Trade data from WDI 2018. In 2018, Mexico’s agricultural exports (to all countries) totaled about $31.5 billion (applying USDA’s definition of agricultural trade to the Mexican Government’s trade statistics). Re-exports - Unlike Canadian imports, which are based on country of origin, U.S. exports include re-exports of foreign goods. Details may not equal totals due to rounding. There was an internal error while serving your request. Are you aware? Mexico imports 49 percent of all auto parts from the United States. Get your instant quote for more than 250K ocean freight ratesAlready have an account? Mexico is no longer the closed economy it was three decades ago. imports and exports, International trade is the exchange of goods and services among countries. The United States is the largest supplier of agricultural goods to Mexico, holding a 69 percent market share. Exports by Country. Country / Region. 1980-2020 Data | 2021-2022 Forecast | Historical | Chart | News. This page provides the latest reported value for - Mexico Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. The fall was mainly driven by a collapse of oil exports and a moderate decline in shipments of vehicles and auto parts. With $380 billion worth of imports in 2016, Mexico ranked as the 12th-largest importing country in the world. Mexico, Exports of goods and services as percentage of GDP is 39.29 %. Total Imports (2018) $6,882,393,884. Mexico exports for 2019 was $491.50B, a 2.48% increase from 2018. Mexico's Top Exports in 2019: 10.9% ($50 billion): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars. Instituto Nacional de Estadística y Geografía (INEGI), Mexico Industrial Output Falls Less than Expected, Mexico November Inflation Rate Below Estimates, Mexico Private Investment Shrinks More than Estimated, Mexico Car Production Growth Slows in November, Mexico Consumer Morale Weakens in November, Mexico Factory Activity Shrinks for 9th Month, Mexico Business Sentiment Improves to 8-Month High, Oil Prices Slide on Friday, Book Weekly Gain, US Stocks Book Weekly Loss, S&P Links Third Fall, Senegal November Inflation Rate at 5-Month Low, Spanish Shares End Lower, Fall 3.1% on the Week. It is an important trade power as measured by the value of merchandise traded, and the country with the greatest number of free trade agreements. 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