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Monitor Report of MEXICO trade and MEXICO-China binational trade in 202208

 1.  Overview the trade of MEXICO in goods current year until 202208

According to Dalian Infobank, in 202208, MEXICO's exports and imports of goods amounted to 60036.3882 million, and were up 20.07% comparing with the same period of last year. Among these, exports were up 24.71% at 30760.9781 million, and imports were up 15.55% at 29275.4101 million. And the corresponding trade surplus was 1485.5680 million and down 321.50%.

During the current year until 202208, MEXICO's total exports and imports of goods were 452256.3972 million and were up 9.35% comparing to the same period of last year. Among these, exports were 236000.4836 million and up 14.35%; imports were 216255.9136 million and up 4.37%. The total trade surplus was 19744.5700 million and down 2495.06%.

If considering by country (region), UNITED STATES, CHINA, CANADA, MALAYSIA, TAIWAN were MEXICO's top five trading partners. During the current year until 202208, MEXICO's imports and exports to five countries/territories were 349785.2837 million, 34782.2939 million, 10500.1659 million, 8095.1512 million, 7071.7918 million. These values correspond to 77.34%, 7.69%, 2.32%, 1.79%, 1.56% of MEXICO's imports and exports, and, respectively, were up 18.17%, down 11.25%, up 16.89%, up 16.93%, up 16.57% comparing to the same period of last year.

Current year until 202208, 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 202208, MEXICO's exports to these five countries/territories were 223372.5516 million, 5202.9169 million, 820.8549 million, 604.6246 million, 566.8243 million. These values correspond to 94.65%, 2.20%, 0.35%, 0.26%, 0.24% of MEXICO's exports and, respectively, were up 19.77%, up 16.34%, up 16.47%, down 2.25%, down 62.97% comparing with the same period of last year.

Current year until 202208, 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 202208, MEXICO's imports from these five countries/territories were 126412.7321 million, 34215.4696 million, 8013.0440 million, 6990.8220 million, 5930.3918 million. These values correspond to 58.46%, 15.82%, 3.71%, 3.23%, 2.74% of MEXICO's total imports and, respectively, were up 15.46%, down 9.15%, up 16.76%, up 17.74%, down 17.20% comparing with the same period of last year.

During the current year until 202208, the trade surplus of MEXICO was mainly from UNITED STATES, GUATEMALA, NETHERLANDS, EL SALVADOR, AUSTRALIA at 96959.8194 million, 579.4652 million, 388.0155 million, 184.8411 million, 129.3997 million, and up 25.89%, up 14.38%, up 30.42%, down 17.83%, down 30.55%. And the trade deficits were mainly from CHINA, MALAYSIA, TAIWAN, SOUTH KOREA, JAPAN at 33648.6453 million, 7930.9368 million, 6909.8521 million, 5817.2768 million, 3589.5555 million, and down 6.87%, up 16.59%, up 18.97%, down 15.32%, down 32.82%.

Current year until 202208, MEXICO's trade surplus or deficit with top five countries/territories During the current year until 202208,  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 109581.0103 million, 94097.0290 million, 54109.2276 million, 22694.6457 million, 20670.2768 million, which were up 8.52%, up 21.69%, up 3.99%, up 12.24%, up 1.13% comparing with the same period of last year and account for 24.23%, 20.81%, 11.96%, 5.02%, 4.57% of MEXICO's total imports and exports.

During the current year until 202208, 84, 85, 87, 90, 39 were MEXICO's top five traded commodities, with total import and export values of 55249.0535 million, 52326.5273 million, 39278.6768 million, 13028.5036 million, 6670.1134 million. These values correspond to 23.41%, 22.17%, 16.64%, 5.52%, 2.83% of MEXICO's total exports and, respectively, were up 30.78%, up 8.94%, up 8.91%, up 13.00%, up 29.42% comparing to the same period of last year.

During the current year until 202208, 85, 84, 39, 87, 27 were MEXICO's top five traded commodities, with total import values of 57254.4830 million, 38847.9754 million, 16024.5324 million, 14830.5508 million, 13661.0789 million. These values correspond to 26.48%, 17.96%, 7.41%, 6.86%, 6.32% of MEXICO's total exports and, respectively, were up 8.14%, up 10.75%, up 6.36%, down 7.12%, up 7.34% comparing to the same period of last year.


2. Current year until 202208, MEXICO binational trade profile

According to Dalian Infobank, during the current year until 202208, MEXICO-China binational exports and imports of goods amounted to 34782.2939 million and were down 11.25% comparing with the same period of last year. Among these, exports from MEXICO to China were 566.8243 million and down 62.97%, imports from China to MEXICO were 34215.4696 million and down 9.15%. The total binational trade deficit was 33648.6453 million and down 6.87%.

During the urrent year until 202208, 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 17953.6539 million, 8793.4923 million, 1233.5093 million, 925.7991 million, 738.3689 million and makes up 51.62%, 25.28%, 3.55%, 2.66%, 2.12% of the total binational imports and exports. These values were also up 5.33%, down 1.50%, down 51.96%, down 14.42%, down 31.99% comparing to the same period last year.

During the current year until 202208, 85, 84, 87, 98, 90 were the top five traded commodities exported to China from MEXICO, with export values of 355.2937 million, 70.3448 million, 59.3953 million, 34.8334 million, 21.8002 million. These values account for 62.68%, 12.41%, 10.48%, 6.15%, 3.85% of MEXICO's total exports and were down 2.01%, down 46.62%, down 80.42%, up 274.13%, down 71.29% comparing to the same period of last year.

During the current year until 202208, 85, 84, 90, 98, 39 were MEXICO's top five traded commodities importing from China , with import values of 17598.3602 million, 8723.1475 million, 1211.7091 million, 890.9658 million, 734.3104 million. These values account for 51.43%, 25.49%, 3.54%, 2.60%, 2.15% of MEXICO's total imports and were up 5.49%, down 0.83%, down 51.37%, down 16.92%, down 31.36% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: INEGI