What are 3 major exports in Mexico?

What are 3 major exports in Mexico?

Top 10

  • Vehicles: US$100.7 billion (24.1% of total exports)
  • Machinery including computers: $75.5 billion (18.1%)
  • Electrical machinery, equipment: $75 billion (17.9%)
  • Optical, technical, medical apparatus: $18.6 billion (4.4%)
  • Mineral fuels including oil: $16.8 billion (4%)
  • Plastics, plastic articles: $9.1 billion (2.2%)

Where do 80% of Mexico’s exports go?

4 Mexico’s economy relies heavily on the United States as an export market. The value of exports equaled 39% of Mexico’s GDP in 2019, as shown in Table 1, and approximately 80% of Mexico’s exports were headed to the United States.

What natural products does Mexico export?

Mexico’s meat is both for national consumption and export. Mexico is among the world’s largest producers of oil, silver, copper, gold, lead, zinc, natural gas and wood.

What are Mexico’s major exports and imports?

Mexico: Exports And Imports

Rank Top Exports Top Imports
1 Crude Petroleum Refined Petroleum
2 Cars Vehicle Parts
3 Vehicle Parts Integrated Circuits
4 Delivery Trucks Computers

What is Mexico’s biggest export to us?

What are Mexico’s biggest exports to the United States?

  • $115.8 billion in autos, accessories and parts.
  • $36.6 billion in computers, TVs and video technology.
  • $5.2 billion in alcohol.

What percent of Mexico’s exports go to the US?

Agricultural goods and mining products account for 4 percent and 1 percent, respectively. Mexico’s leading export partner is the United States (80 percent), followed by Canada (3 percent), Germany and China (2 percent each).

What country does Mexico export to?

Mexico top 5 Export and Import partners

Exporter Trade (US$ Mil) Partner share(%)
United States 206,142 45.28
China 83,052 18.24
Japan 17,958 3.94
Germany 17,690 3.89

What foods does Mexico export?

The most important export crops are sugar, coffee, fruits and vegetables, most of which are exported to the United States. The most important animal feed crop is alfalfa followed by sorghum and corn.

What are Mexico’s major imports?

Mexico’s Top Imports

  • Refined petroleum – $31.3 billion.
  • Petroleum gas – $7.06 billion.
  • Corn – $3.1 billion.
  • Raw aluminum – $2.28 billion.
  • Soybeans – $1.94 billion.

What does Mexico export to the US?

Mexico Exports to United States Value Year
Machinery, nuclear reactors, boilers $66.16B 2020
Electrical, electronic equipment $64.52B 2020
Optical, photo, technical, medical apparatus $16.98B 2020
Furniture, lighting signs, prefabricated buildings $8.62B 2020

Where does Mexico Export most of its avocados?

Other up-and-coming export countries include Colombia and the Dominican Republic. The top export destination of Mexican avocados is, as mentioned previously, the United States (with 75 percent of total exports). The rest are sent to Europe, Central America, and China.

Which is the best export product for Mexico?

The top export opportunities for Mexico according to the relatedness index, are Cement (0.2), Scrap Iron (0.2), Raw Iron Bars (0.2), Soap (0.2), and Rolled Tobacco (0.2). Relatedness measures the distance between a country’s current exports and each product. The barchart show only products that Mexico is not specialized in.

How much money does Mexico Export and import?

Mexico is the 9th largest export economy in the world and the 21st most complex economy according to the Economic Complexity Index (ECI). In 2017, Mexico exported $418B and imported $356B, resulting in a positive trade balance of $62.6B. In 2017 the GDP of Mexico was $1.15T and its GDP per capita was $18.3k.

Where does the IVA come from in Mexico?

With a few exceptions for border transactions or re-export, Mexican Customs (Servicio de Administración Tributaria or SAT) collects IVA from the importer on foreign transactions upon entry of the merchandise into Mexico.