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 exporting countries in the world. Mexico export Ranked 11th globally, 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 exporting products has been automobiles. In fact, cars manufactured in Mexico account for more than one-third of all Mexican exports, Mexico is the leading Car Exporter in the world. Major other exports includes electrical machinery and equipment, mineral fuels and oils, machinery parts and accessories, fruits and nuts.
Due to its geographical proximity and strong trade relations The United States continues to be Mexico top export destination in the year 2023. Mexico is also expanding trade relation with other countries such as Japan, China and Cananda.