Mexico is a country sharing borders with the northern region of the United States and the Southeastern region of Guatemala and Belize. Skilled labor of the trading businesses, the IMMEX program, and some favorable trade agreements with its abundant amount of natural resources are the reasons behind the expanding economic growth of the trading businesses of the country.

As per the Mexico Import Data, the country achieved an overall amount of USD 1.5 trillion in the year 2023. Mexico has imported a massive number of products that have contributed a lot to the overall economic growth of the country, among which vehicle parts, minerals, fuels, and electrical machinery are some of the top choices. With its diverse range of products and better quality materials the import trades of the country is expanding its reach and trying to cover fields like agriculture and manufacturing.

What Are the Top 10 Importing Products of 2023?

The top ten products that have contributed a maximum to the total value of the import trade of Mexico according to Mexico Import Statistics are below:

1. Sound recorders and reproducers (121 billion US dollars)

Sound recorders and reproducers play an essential role in transmitting the stored data over a wide range of social media platforms. HS Code – 85

2. Mechanical appliances (95 billion US dollars)

Mechanical appliances ranging from kitchen households to heaters, irons, and straighteners are the basic needs that increase their demands. HS Code – 84

3. Minerals and fuels ( 43 billion US dollars)

Minerals and fuels are the primary sources of energy production, which is the reason behind its massive requirement in industries. HS Code - 27

4. Vehicle’s parts (61 billion US dollars)

The increasing automotive industries in Mexico expand the rate of requirements for the vehicle’s accessories. HS Code – 87

5. Plastics (30 billion US dollars)

The use of plastic material is now mandatory in every sector, whether it is the manufacturing or mechanical industry. HS Code – 39

6. Organic chemicals (11 billion US dollars)

The use of organic chemicals is required in the pharmaceutical industry for the production of medicines. HS Code – 29

7. Iron and steel (21 billion US dollars)

Iron and steel are the primary requirements of construction sites and industries, HS Code – 72

8. Optical tools ( 16.4 billion US dollars)

Syringes, apparatus, and other instruments are needed by the lab technicians of medical industries, HSCode – 90

9. Cereals (8.88 billion US dollars)

Agriculture industries accommodate a variety of cereals for fulfilling the requirements as per its increasing demand. HS Code – 11

10. Steel and iron articles (13.1 billion US dollars)

The primary requirement of the manufacturing industries for materialistic products, HS Code 73

What Are the Top 10 Trading Partners of Mexico Import in 2023 ?

The Top Mexico Import Trading partners according to Mexico Import Trade Data are Following:

1. USA – Mexico has imported products worth 265 billion US dollars from the United States which is around 43% of the total value, iron or steel articles, and organic chemicals are imported from the USA.

2. China - products imported from China are around 118 billion US dollars which is 19.6%, vehicles and broadcasting equipment are the top products imported from China.

3. Korea – Korean products hold a value of 22 billion US dollars 3.7%, cereals are imported from Korea.

4. Japan – Japan contributes 3.02% which is worth 18.2 billion US dollars. Sound recorders and reproducers are the exported products from Mexico.

5. Germany – German products worth 18.4 billion US dollars have a share of 3.05%, and motor vehicles and accessories are imported.

6. Malaysia – Malaysia holds a share of 2.4% worth 14.5 billion US dollars, the integrated circuits and broadcasting equipment are the imported products.

7. Canada – Canada has a share of 2.17% in the overall value which is 13.1 billion US dollars. Minerals fuels and other essential oils are imported from Canada.

8. Vietnam – Vietnam holds a value of 10.3 billion US dollars which is 1.7% of the total share, products imported include electric equipment and electronic integrated circuits.

9. Brazil – Brazil has an overall share of 1.97% worth 11.9 billion US dollars, imported products are iron and steel.

10. Asian Countries - Other Asian countries export products like plastic and other materials worth 14.9 billion US dollars to Mexico which is 2.47% of the total share.

FAQ’s

Que. Who is the top importing partner of Mexico?
Ans. The USA is the top importing partner of Mexico.

Que. What are the top importing products of Mexico?
Ans. Mexico Top importing products are Sound Recorders and Mechanical Appliances.

Que. Does Import Globalsprovide exact data of import and export businesses?
Ans. Yes, Import Globals provides exact statistics for import and export businesses.

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