The role of electrical machinery and equipment in the industrial sectors nowadays is incompatible with any other factors as most of the production like energy resources and textiles manufacturing even though electricity generation is reliant on machinery. The growing global demand for electrical machinery and equipment has encouraged the Republic of Mexico to import and export more of this product quantity to fulfill the domestic and international growing import and export demands.
The increasing export rate of electrical machinery and equipment from the manufacturing industries of Mexico is because of several attributing factors like Proximity to the U.S. Market, Growth of the Manufacturing Industry, Foreign Direct Investment (FDI), Competitive Labor Costs, Diversification of Trade Partners, Technological Advancements and Skilled Workforce. The continuous government reforms behind the growing export trade rate of the nation have recorded an import and export trade value of electrical equipment and machinery worth 98 billion US dollars and 131 billion US dollars in 2023.
The growing industrial sectors of the nation accounting for the global demands of international exports of Mexico acquire more machinery and equipment for efficient productivity boosting the import trade rate of the nation. As per the Mexico Trade Data, the top 10 electrical machinery and equipment imports of Mexico in 2023 are,
• Integrated circuits and micro assemblies- 28 billion US dollars
• Phone devices including smartphones- 18 billion US dollars
• Lower-voltage switches and fuses- 9 billion US dollars
• Insulated wire and cable – 6.5 billion US dollars
• Electrical converters and power units - 6 billion US dollars
• Electric circuit parts – 5.5 billion US dollars
• Flat panel display modules - 4.82 billion US dollars
• Electric storage batteries - 4.78 billion US dollars
• Solar power diodes and semiconductors - 4.6 billion US dollars
• Electric motors and generators - $3.6 billion US dollars
The growing domestic necessities of the nation are supported by the top traders of electrical goods with strategic locations and better trade rates worldwide for a substantial contribution in the growing economy of Mexico fostering the export growth. According to the Mexico Import Data, the top 10 countries from where Mexico Imports most of its electrical goods are discussed below,
• China – According to the China Export Data, the valuation of electrical machinery and equipment exported to Mexico in 2023 – 42 billion US dollars
Variations of Electrical Machinery and Equipment Export to Mexico
1. Integrated circuits and microassemblies
2. Telecommunication equipment
3. Electrical transformers and converters
4. Insulated wire and cable
5. Electric motors and generators
• United States – According to the USA Export Data, the valuation of electrical machinery and equipment exported to Mexico in 2023 – 39 billion US dollars
Variations of Electrical Machinery and Equipment Export to Mexico
1. Automatic Data Processing Machines
2. Electrical Apparatus for Telephony/Telegraphy
3. Insulated Wires and Cables
4. Electric Generators and Motors
5. Electronic Integrated Circuits
• Malaysia – According to the Malaysia Export Data, the valuation of electrical machinery and equipment exported to Mexico in 2023 – 27 billion US dollars
Variations of Electrical Machinery and Equipment Export to Mexico
1. Electric Motors
2. Transformers
3. Insulated Wire/Cable
4. Semiconductors
5. Batteries
• South Korea – According to the South Korea Export Data, the valuation of electrical machinery and equipment exported to Mexico in 2023 – 25 billion US dollars
Variations of Electrical Machinery and Equipment Export to Mexico
1. Electrical Switches
2. Power Generators
3. Circuit Boards
4. Solar Panels
5. Electric Heaters
• Japan – According to the Japan Export Data, the valuation of electrical machinery and equipment exported to Mexico in 2023 – 18 billion US dollars
Variations of Electrical Machinery and Equipment Export to Mexico
1. Automatic Data Processing Machines
2. Electric Heaters
3. Electrical Switches
4. Semiconductors
5. Electric circuit parts
• Germany – According to the Germany Export Data, the valuation of electrical machinery and equipment exported to Mexico in 2023 – 15 billion US dollars
Variations of Electrical Machinery and Equipment Export to Mexico
1. Extension cords
2. Battery chargers
3. Rechargeable batteries
4. Electric control gear
5. Linear actuators
• Vietnam – According to the Vietnam Export Data, the valuation of electrical machinery and equipment exported to Mexico in 2023 – 12 billion US dollars
Variations of Electrical Machinery and Equipment Export to Mexico
1. Electric heaters
2. Air conditioning units
3. X-ray machines
4. Defibrillators
5. Electrical converters
• Taiwan – According to the Taiwan Export Data, the valuation of electrical machinery and equipment exported to Mexico in 2023 – 10 billion US dollars
Variations of Electrical Machinery and Equipment Export to Mexico
1. Fiber optic cables
2. Control cables
3. Portable power banks
4. Bluetooth devices
5. Routers
• Singapore – According to the Singapore Export Data, the valuation of electrical machinery and equipment exported to Mexico in 2023 – 8 billion US dollars
Variations of Electrical Machinery and Equipment Export to Mexico
1. Power Generators
2. Solar Panels
3. Electric Heaters
4. LED Lighting
5. Electrical Relays
• Thailand – According to the Thailand Export Data, the valuation of electrical machinery and equipment exported to Mexico in 2023 – 4 billion US dollars.
Variations of Electrical Machinery and Equipment Export to Mexico
1. Electric power control boards
2. Electrical fuses
3. Electric meters
4. Fiber optic cables
5. Coaxial cables
According to the Mexico Customs Data, the top 10 electrical machinery and equipment exports of Mexico in 2023 are discussed below,
• Electrical Transformers - 38 billion US dollars
• Insulated Wire and Cables - 27billion US dollars
• Electrical Circuits and Circuit Boards – 25 billion US dollars
• Switchgear and Control Gear - 23 billion US dollars
• Electric Motors and Generators - 19 billion US dollars
• Electromechanical Devices (Relays, Solenoids) – 15 billion US dollars
• Battery Chargers – 12 billion US dollars
• Electrical Measuring Instruments – 10 billion US dollars
• Solar Panels and Photovoltaic Cells – 9 billion US dollars
• Electric Lamps and Lighting Fixtures – 8 billion US dollars
As per the Mexico Export Data, the top 10 trade partners of the nation for electrical machinery and equipment export in 2023 are discussed below,
• United States – According to the USA Import Data, valuations of electrical machinery and equipment exported from Mexico in 2023 – 58 billion US dollars
Variations of Electrical Machinery and Equipment From Mexico in 2023
1. Power supply units
2. Voltage regulators
3. Inductors
4. Transformers
5. Optical fiber cables
• Canada – According to the Canada Import Data, valuations of electrical machinery and equipment export from Mexico in 2023 – 47 billion US dollars
Variations of Electrical Machinery and Equipment From Mexico in 2023
1. Generator sets
2. Electric propulsion motors
3. Solar-powered generators
4. Gas turbine generating sets
5. Electric motor parts
• Germany – According to the Germany Import Data, valuations of electrical machinery and equipment export from Mexico in 2023 – 36 billion US dollars
Variations of Electrical Machinery and Equipment From Mexico in 2023
1. Microphones
2. Indicator panels
3. Parts for electrical machinery
4. Particle accelerators
5. Electrostatic machines
• China – According to the China Import Data, valuations of electrical machinery and equipment export from Mexico in 2023 – 25 billion US dollars
Variations of Electrical Machinery and Equipment From Mexico in 2023
1. Electric Heaters
2. Electro-magnetic lifting heads
3. Carbon Electrodes
4. Electric Generating Sets
5. Electric Motors and Generators
• Japan – According to the Japan Import Data, valuations of electrical machinery and equipment export from Mexico in 2023 – 20 billion US dollars
Variations of Electrical Machinery and Equipment From Mexico in 2023
1. Ceramic insulators
2. Glass insulators
3. Audio amplifiers
4. Telephones for cellular networks
5. Electric lifting magnets
• Brazil – According to the Brazil Import Data, valuations of electrical machinery and equipment export from Mexico in 2023 – 18 billion US dollars
Variations of Electrical Machinery and Equipment From Mexico in 2023
1. Carbon electrodes
2. DC motors
3. Wind turbine components
4. Electric motor parts
5. Inductors
• United Kingdom – According to the United Kingdom Import Data, valuations of electrical machinery and equipment exported from Mexico in 2023 – 12 billion US dollars
Variations of Electrical Machinery and Equipment From Mexico in 2023
1. Electrical Ignition or Starting Equipment
2. Lighting and Signaling Equipment for Vehicles
3. Portable Electric Lamps
4. Industrial Electric Furnaces
5. Welding Equipment
• Spain – According to the Spain Import Data, valuations of electrical machinery and equipment export from Mexico in 2023 – 10 billion US dollars
Variations of Electrical Machinery and Equipment From Mexico in 2023
1. Electric Heaters
2. Telecommunication Equipment
3. Microphones
4. Reproducing Devices
5. Radio Navigational Aid Apparatus
• South Korea – According to the South Korea Import Data, valuations of electrical machinery and equipment export from Mexico in 2023 – 9.7 billion US dollars
Variations of Electrical Machinery and Equipment From Mexico in 2023
1. Transistors
2. Semiconductor Devices
3. Electric Generating Sets
4. Electro-Mechanical Domestic Appliances
5. Insulated Wire
• Netherlands – According to the Netherlands Import Data, valuations of electrical machinery and equipment export from Mexico in 2023 – 8.5 billion US dollars
Variations of Electrical Machinery and Equipment From Mexico in 2023
1. Electrical Transformers
2. Static Converters
3. Primary Cells and Batteries
4. Reception Apparatus
5. Visual Signaling Apparatus
Que. Where can you get a detailed trade analysis of the electrical machinery and equipment trade of Mexico in 2023?
Ans. At Import Globals, you can get a detailed trade analysis of the electrical machinery and equipment trade of Mexico in 2023.
Que. What is the import trade value of electrical machinery and equipment imported from Mexico in 2023?
Ans. The import trade value of electrical machinery and equipment imported from Mexico in 2023 is 98 billion US dollars.
Que. Who is the top exporter of Mexico’s electrical machinery and equipment in 2023?
Ans. The United States is the top exporter of Mexico’s electrical machinery and equipment in 2023.