What is the number one import to Mexico?

Answer 1

Mexico is the tenth largest economy in the world, with a Gross Domestic Product of US$1.85 trillion (2013). It is also the eleventh in terms of population with more than 120 million people for 2013, thus allowing Mexican exports to be not only raw materials such as oil or silver, but also manufactured goods and even high-technology products, including assembled aircraft, pharmaceuticals, communications equipment, and computer and office machinery.

Mexico is also one of the countries with most trade agreements in the world, having 12 free trade agreements with over 40 countries including North and Central America, the European Free Trade Area and Japan, putting more than 90% of its trade under free trade agreements.

Following are some statistics related to Mexican balance of trade:

• Exports: USD 370.9 billion (world's rank: 16th).

• Major exports: Manufactured goods, electronics, oil and oil products, aircraft, silver, computers and servers, fruits, meats, consumer electronics, processed foods, vegetables, ships, coffee, LCD screens, electricity, biotechnology, cotton, rolling stock, automotive and aircraft engines, cellular phones, metals, industrial equipment, granite and marble, lithium batteries.

• Top export partners: United States (78.2%), Spain (2.8%), Canada (2.7%), China (1.7%), Germany (1.5%), Colombia (1.3%), Brazil (1.0%), Netherlands (0.8%), Chile (0.6%), Japan (0.5%).

• Imports: USD 370.7 billion (world's rank: 15th).

• Major imports: Vehicles and vehicle parts, electric and electronic machinery and equipment, boilers and steam generators, engines and engine parts, copper and copper products.

• Top import partners: United States (48.7%), China (15.9%), Japan (4.5%), Germany (3.6%), South Korea (3.2%), Canada (2.6%), Italy (2.1%), Taiwan (1.8%), Brazil (1.4%), Spain (1.1%).