Monitor Report of MEXICO trade and MEXICO-China binational trade in 202207

 1.  Overview the trade of MEXICO in goods current year until 202207

According to Dalian Infobank, in 202207MEXICO's exports and imports of goods amounted to 56659.1373 million, and were up 12.43% comparing with the same period of last year. Among these, exports were up 13.37% at 29263.6348 million, and imports were up 11.45% at 27395.5024 million. And the corresponding trade surplus was 1868.1324 million and up 51.63%.

During the current year until 202207, MEXICO's total exports and imports of goods were 392220.0089 million and were up 7.88% comparing to the same period of last year. Among these, exports were 205239.5054 million and up 12.95%; imports were 186980.5035 million and up 2.81%. The total trade surplus was 18259.0019 million and down 11979.28%.

If considering by country (region), UNITED STATES, CHINA, CANADA, MALAYSIA, TAIWAN were MEXICO's top five trading partners. During the current year until 202207, MEXICO's imports and exports to five countries/territories were 303373.2186 million, 30246.0232 million, 9211.8429 million, 6926.0294 million, 6072.0526 million. These values correspond to 77.35%, 7.71%, 2.35%, 1.77%, 1.55% of MEXICO's imports and exports, and, respectively, were up 17.85%, down 14.16%, up 15.69%, up 14.64%, up 14.24% comparing to the same period of last year.

Current year until 202207, MEXICO and the top five trade partners UNITED STATES, CANADA, GUATEMALA, NETHERLANDS, CHINA are the top five countries/territories that MEXICO exports to in terms of the total export amount. During the current year until 202207, MEXICO's exports to these five countries/territories were 194157.0516 million, 4642.6474 million, 706.2118 million, 507.3012 million, 485.3618 million. These values correspond to 94.60%, 2.26%, 0.34%, 0.25%, 0.24% of MEXICO's exports and, respectively, were up 19.01%, up 17.89%, up 13.93%, down 5.92%, down 66.43% comparing with the same period of last year.

Current year until 202207, 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 202207, MEXICO's imports from these five countries/territories were 109216.1671 million, 29760.6614 million, 6858.9960 million, 6003.0866 million, 5217.5134 million. These values correspond to 58.41%, 15.92%, 3.67%, 3.21%, 2.79% of MEXICO's total imports and, respectively, were up 15.86%, down 11.93%, up 14.55%, up 15.51%, down 18.43% comparing with the same period of last year.

During the current year until 202207, the trade surplus of MEXICO was mainly from UNITED STATES, GUATEMALA, NETHERLANDS, EL SALVADOR, AUSTRALIA at 84940.8845 million, 496.0889 million, 316.0690 million, 166.6756 million, 102.8512 million, and up 23.32%, up 10.76%, up 30.71%, down 19.84%, down 39.81%. And the trade deficits were mainly from CHINA, MALAYSIA, TAIWAN, SOUTH KOREA, JAPAN at 29275.2996 million, 6791.9626 million, 5934.1207 million, 5115.8250 million, 3150.8425 million, and down 9.49%, up 14.46%, up 16.83%, down 16.43%, down 35.27%.

Current year until 202207, MEXICO's trade surplus or deficit with top five countries/territories During the current year until 202207,  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 95568.0783 million, 81058.5823 million, 47006.2790 million, 19663.8168 million, 17886.0743 million, which were up 8.56%, up 20.97%, down 0.78%, up 12.47%, down 0.63% comparing with the same period of last year and account for 24.37%, 20.67%, 11.98%, 5.01%, 4.56% of MEXICO's total imports and exports.

During the current year until 202207, 84, 85, 87, 90, 39 were MEXICO's top five traded commodities, with total import and export values of 47484.1464 million, 45919.4713 million, 34198.3862 million, 11252.6955 million, 5744.5155 million. These values correspond to 23.14%, 22.37%, 16.66%, 5.48%, 2.80% of MEXICO's total exports and, respectively, were up 29.47%, up 10.72%, up 3.53%, up 11.67%, up 30.43% comparing to the same period of last year.

During the current year until 202207, 85, 84, 39, 87, 27 were MEXICO's top five traded commodities, with total import values of 49648.6070 million, 33574.4358 million, 13919.3012 million, 12807.8929 million, 11559.3939 million. These values correspond to 26.55%, 17.96%, 7.44%, 6.85%, 6.18% of MEXICO's total exports and, respectively, were up 6.63%, up 10.69%, up 6.42%, down 10.72%, up 4.22% comparing to the same period of last year.


2. Current year until 202207, MEXICO binational trade profile

According to Dalian Infobank, during the current year until 202207, MEXICO-China binational exports and imports of goods amounted to 30246.0232 million and were down 14.16% comparing with the same period of last year. Among these, exports from MEXICO to China were 485.3618 million and down 66.43%, imports from China to MEXICO were 29760.6614 million and down 11.93%. The total binational trade deficit was 29275.2996 million and down 9.49%.

During the urrent year until 202207, 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 15705.7327 million, 7628.4282 million, 1052.5822 million, 795.9089 million, 639.8135 million and makes up 51.93%, 25.22%, 3.48%, 2.63%, 2.12% of the total binational imports and exports. These values were also up 4.27%, down 3.88%, down 55.34%, down 17.13%, down 35.31% comparing to the same period last year.

During the current year until 202207, 85, 84, 87, 98, 90 were the top five traded commodities exported to China from MEXICO, with export values of 305.0015 million, 61.3967 million, 53.7212 million, 26.3109 million, 17.5700 million. These values account for 62.84%, 12.65%, 11.07%, 5.42%, 3.62% of MEXICO's total exports and were down 4.09%, down 48.38%, down 81.28%, up 234.72%, down 74.20% comparing to the same period of last year.

During the current year until 202207, 85, 84, 90, 98, 39 were MEXICO's top five traded commodities importing from China , with import values of 15400.7312 million, 7567.0316 million, 1035.0122 million, 769.5980 million, 636.3254 million. These values account for 51.75%, 25.43%, 3.48%, 2.59%, 2.14% of MEXICO's total imports and were up 4.45%, down 3.20%, down 54.78%, down 19.20%, down 34.65% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: INEGI