Five of Mexico’s fastest-growing import product categories posted triple-digit gains from 2010 to 2014.
The average increase for all Mexican import products was 32.7%.
Please note that this analysis is at the 2-digit Harmonized Tariff System code level, which is better for looking at trends as opposed to uncovering more targeted opportunities at the 6, 8 or 10-digit code level.
Fastest-Growing Mexican Import Products
Listed below in descending order are the fastest-growing products imported into Mexico. Shown within parentheses is the percentage increase in a product category’s imports for the 5-year period ending in 2014.
- Collector items, art, antiques: US$66,109,000 (up 670% since 2010)
- Ships, boats: $355,759,000 (up 577.8%)
- Railway, tram equipment: $1,230,201,000 (up 284.3%)
- Collector items, art, antiques: $182,130,000 (up 116.6%)
- Raw hides excluding furskins: $1,164,592,000 (up 116.5%)
- Fish: $739,149,000 (up 89.8%)
- Coffee, tea and spices: $310,812,000 (up 78.9%)
- Furniture, lighting, signs: $3,781,816,000 (up 65%)
- Feathers, artificial flowers, hair: $40,995,000 (up 61.7%)
- Live trees and plants: $124,047,000 (up 60.6%)
- Food waste, animal fodder: $1,677,846,000 (up 60.4%)
- Meat and seafood preparations: $479,248,000 (up 58.8%)
Hand-rendered paintings, drawings, pastels, collages and sculptures were the principal items pacing collector items, art and antiques to its number one position as Mexico’s fastest-growing import product category.
Mexico importers also accelerated their purchases of fishing vessels and factory ships from global suppliers.
Parts of railway or tramway locomotives or rolling-stock were the largest components behind increasing import buying under the ships and boats category.
The World Factbook, Field Listing: Imports, Central Intelligence Agency. Accessed on July 20, 2015
Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on July 20, 2015