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Mexico Import Data

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Mexico Import Data

Mexico is the highest growing economy and relentlessly improving its trade partnership with other countries. In the year 2023, Mexico has attained its significant position in one of the top importing countries in the world. Mexico Import Ranked 15th globally, with a total import value of approx. $464 billion. Mexico is the fastest growing economy due to its strategic geographical location, abundant natural resources, booming manufacturing industries and free trade agreement with several nations globally. Mexico is the 2nd largest economy in Latin America after Brazil. In the year 2023, Mexico Gross Domestic Product (GDP) reached to $1.5 trillion USD.

In the year 2023, Mexico top importing products has been Vehicles and its parts, accessories due to its robust automotive industry. Major other imports electrical machinery and equipment, mineral fuels, machinery and mechanical appliances, pharmaceutical products, medical instruments and apparatuses, among others. Mexico also focusing on diversifying its economy and promoting other industries such as Agriculture and manufacturing.

Mexico's top trading partners are the United States, China, Canada, Japan, and Germany.

The total import from these countries accounted for a significant portion. However, with new trade agreements and policies Mexico is also expanding and strengthened its trade partnership with other nations.

 

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Mexico Import Customs Trade Data Shows Top 10 Importing Products In 2023 – Analysis By Chapter

  • 20% (121 billion US dollar) HS CODE: 85 - Sound recorders and reproducers
  • 15.9% (95 billion US dollar) HS CODE: 84 - Parts of nuclear reactors, boilers, machinery, and mechanical appliances
  • 10.2% (61 billion US dollar) HS CODE: 87 - Parts and accessories for vehicles other than railway or tramway rolling stock
  • 7.22% (43 billion US dollar) HS CODE: 27 - Bituminous substances; mineral waxes; mineral fuels, mineral oils, and their distillate
  • 5.13% (30 billion US dollar) HS CODE: 39 - Articles made from plastics
  • 4.32% (25 billion US dollar) HS CODE: 99 - Unspecified commodities
  • 3.6% (21 billion US dollar) HS CODE: 72 – Steel and Iron
  • 2.75% (16.4 billion US dollar) HS CODE: 90 - Instruments and apparatus for optical, medical, or surgical use; parts and accessories thereof
  • 2.18% (13.1 billion US dollar) HS CODE: 73 - Steel or iron articles
  • 1.84% (11 billion US dollar) HS CODE: 29 - Chemicals that are organic

Mexico Import Global Trade Data Shows Top 10
Trading Partners of Mexico

  • USA with a share of 43% (265 billion US$)
  • China with a share of 19.6% (118 billion US$)
  • Korea with a share of 3.7% (22 billion US$)
  • Japan with a share of 3.02% (18.2 billion US$)
  • Germany with a share of 3.05% (18.4 billion US$)
  • Other Asia, with a share of 2.47% (14.9 billion US$)
  • Malaysia with a share of 2.4% (14.5 billion US$)
  • Canada with a share of 2.17% (13.1 billion US$)
  • Brazil with a share of 1.97% (11.9 billion US$)
  • Vietnam with a share of 1.7% (10.3 billion US$)

Mexico Import Data Sample

WHY MEXICO IMPORT DATA IS CRUCIAL FOR ALL BUSINESS GROWTH?

 

Mexico is leading player in the Import market of the world. A significant growth has been seen in the Import Export Trade of Mexico. Mexico Import Customs Data contains key information about Mexico trade with all over the world. It contains detailed records on goods imported into Mexico from other foreign countries, including their origin, quantity, value, weight of product, product description, HS Code, Port of destination, Port of Discharge and more. It also contains most essential information about the companies involved in these transactions – both the Mexico importers and foreign exporters.

Mexico Import Shipment Data provided by Import Globals is the most reliable source of information which is collected from the authenticated Sources such custom shipping bill documents, Invoices, Bill of entries, Bill of lading etc. It provides assurance on its accuracy and reliability. It is essential to gain precise knowledge and information about the market you want to enter and expand your business. 

Mexico Import Trade Data is resourceful information who are looking to expand business globally. With the help of this data, you can reduce the time of manual research for potential buyers, suppliers and particular market of your product. By using Mexico Import Statistics, you can directly reach to potential clients and market of your product. It reduced not only time in researching but also save the intermediary costs. It is crucial for all business to make a strategic decision wisely by using this data you can stay ahead with market trends and competition that ultimately leads to success in the global market.

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