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Monitor Report of MEXICO trade and MEXICO-China binational trade in 202204

 1.  Overview the trade of MEXICO in goods current year until 202204

According to Dalian Infobank, in 202204, MEXICO's exports and imports of goods amounted to 56511.3203 million, and were up 11.47% comparing with the same period of last year. Among these, exports were up 8.41% at 29488.9561 million, and imports were up 15.01% at 27022.3642 million. And the corresponding trade surplus was 2466.5919 million and down 33.44%.

During the current year until 202204, MEXICO's total exports and imports of goods were 214521.9644 million and were down 0.72% comparing to the same period of last year. Among these, exports were 112975.8936 million and up 7.27%; imports were 101546.0708 million and down 8.31%. The total trade surplus was 11429.8228 million and down 310.53%.

If considering by country (region), UNITED STATES, CHINA, CANADA, MALAYSIA, TAIWAN were MEXICO's top five trading partners. During the current year until 202204, MEXICO's imports and exports to five countries/territories were 165020.5308 million, 16933.9966 million, 5165.4635 million, 3829.2790 million, 3268.7277 million. These values correspond to 76.92%, 7.89%, 2.41%, 1.79%, 1.52% of MEXICO's imports and exports, and, respectively, were up 14.66%, down 28.61%, up 7.44%, up 18.09%, up 8.06% comparing to the same period of last year.

Current year until 202204, MEXICO and the top five trade partners UNITED STATES, CANADA, GUATEMALA, SINGAPORE, NETHERLANDS are the top five countries/territories that MEXICO exports to in terms of the total export amount. During the current year until 202204, MEXICO's exports to these five countries/territories were 106694.2163 million, 2636.4091 million, 385.8690 million, 308.9517 million, 282.1533 million. These values correspond to 94.44%, 2.33%, 0.34%, 0.27%, 0.25% of MEXICO's exports and, respectively, were up 17.42%, up 9.94%, up 4.00%, up 307.41%, down 16.43% comparing with the same period of last year.

Current year until 202204, MEXICO's exports to top five countries/territories UNITED STATES, CHINA, MALAYSIA, TAIWAN, SOUTH KOREA are the top five countries/territories that MEXICO imports from in terms of the total export amount. During the current year until 202204, MEXICO's imports from these five countries/territories were 58326.3145 million, 16652.5729 million, 3798.5291 million, 3228.0619 million, 2734.8908 million. These values correspond to 57.44%, 16.40%, 3.74%, 3.18%, 2.69% of MEXICO's total imports and, respectively, were up 9.93%, down 25.91%, up 18.43%, up 9.91%, down 35.95% comparing with the same period of last year.

During the current year until 202204, the trade surplus of MEXICO was mainly from UNITED STATES, GUATEMALA, NETHERLANDS, CANADA, EL SALVADOR at 48367.9018 million, 268.2972 million, 183.0413 million, 107.3548 million, 96.9393 million, and up 27.93%, down 1.02%, up 82.65%, down 1047.79%, down 18.70%. And the trade deficits were mainly from CHINA, MALAYSIA, TAIWAN, SOUTH KOREA, VIETNAM at 16371.1493 million, 3767.7792 million, 3187.3960 million, 2674.8046 million, 1913.9556 million, and down 22.90%, up 18.77%, up 11.87%, down 33.81%, down 1.62%.

Current year until 202204, MEXICO's trade surplus or deficit with top five countries/territories During the current year until 202204,  commodities with hs2 codes, 85, 84, 87, 39, 90, were MEXICO's top five traded commodities. They correspond to the import and export values of 51624.7812 million, 43689.5179 million, 26596.1841 million, 10821.6031 million, 9754.5836 million, which were up 2.88%, up 17.37%, down 13.80%, up 10.19%, down 7.02% comparing with the same period of last year and account for 24.07%, 20.37%, 12.40%, 5.04%, 4.55% of MEXICO's total imports and exports.

During the current year until 202204, 84, 85, 87, 90, 08 were MEXICO's top five traded commodities, with total import and export values of 25459.7149 million, 24168.6927 million, 19580.1283 million, 6056.6988 million, 3391.2474 million. These values correspond to 22.54%, 21.39%, 17.33%, 5.36%, 3.00% of MEXICO's total exports and, respectively, were up 32.03%, up 5.90%, down 8.18%, up 9.16%, up 57.11% comparing to the same period of last year.

During the current year until 202204, 85, 84, 39, 87, 27 were MEXICO's top five traded commodities, with total import values of 27456.0884 million, 18229.8030 million, 7700.3893 million, 7016.0558 million, 5020.1822 million. These values correspond to 27.04%, 17.95%, 7.58%, 6.91%, 4.94% of MEXICO's total exports and, respectively, were up 0.37%, up 1.61%, up 3.15%, down 26.39%, down 37.19% comparing to the same period of last year.


2. Current year until 202204, MEXICO binational trade profile

According to Dalian Infobank, during the current year until 202204, MEXICO-China binational exports and imports of goods amounted to 16933.9966 million and were down 28.61% comparing with the same period of last year. Among these, exports from MEXICO to China were 281.4236 million and down 77.37%, imports from China to MEXICO were 16652.5729 million and down 25.91%. The total binational trade deficit was 16371.1493 million and down 22.90%.

During the urrent year until 202204, commodities with hs2 code, 85, 84, 90, 98, 39, were binational trade's top five traded commodities. They correspond to import and export values of 8803.5461 million, 4245.2621 million, 615.1229 million, 467.5836 million, 357.4961 million and makes up 51.99%, 25.07%, 3.63%, 2.76%, 2.11% of the total binational imports and exports. These values were also down 4.45%, down 15.09%, down 64.16%, down 28.90%, down 51.89% comparing to the same period last year.

During the current year until 202204, 85, 84, 87, 98, 90 were the top five traded commodities exported to China from MEXICO, with export values of 169.6790 million, 39.6741 million, 35.6060 million, 14.2177 million, 10.3084 million. These values account for 60.29%, 14.10%, 12.65%, 5.05%, 3.66% of MEXICO's total exports and were down 20.47%, down 50.39%, down 86.11%, up 180.23%, down 82.01% comparing to the same period of last year.

During the current year until 202204, 85, 84, 90, 98, 39 were MEXICO's top five traded commodities importing from China , with import values of 8633.8672 million, 4205.5880 million, 604.8145 million, 453.3659 million, 355.2837 million. These values account for 51.85%, 25.25%, 3.63%, 2.72%, 2.13% of MEXICO's total imports and were down 4.07%, down 14.52%, down 63.54%, down 30.53%, down 51.30% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: INEGI