Mexico is also known for its exports of gold. The value of gold shipments from the country formally called the United Mexican States appreciated 21.9% from 2009 to 2016.
The following list shows which Mexican exported goods generated the most sales during 2016. Unlike most information currently available on the web, the items below are detailed at the 6-digit tariff code level.
More detailed granularity can help entrepreneurs identify precisely which products Mexico has strong competitive advantages over other nations, and potential further opportunities via innovation.
Highest Value Mexican Export Products
Below are the 20 highest value export products shipped from Mexico during 2016. Shown within brackets is the 4-digit harmonized tariff system code for each item.
- Cars: US$31.4 billion (up 108% since 2009)
- Automobile parts/accessories: $26.2 billion (up 183.8%)
- Trucks: $23.4 billion (up 258.8%)
- Computers, optical readers: $20.6 billion (up 154.1%)
- Phone system devices: $16.5 billion (up 2%)
- Crude oil: $15.5 billion (down -39.7%)
- TV receivers/monitors/projectors: $13.3 billion (down -26.7%)
- Insulated wire/cable: $11.3 billion (up 124.5%)
- Electro-medical equip (e.g. xrays): $6.9 billion (up 77.6%)
- Seats (excluding barber/dentist chairs): $6.5 billion (up 180.5%)
- Tractors: $5.5 billion (up 126.7%)
- Gold (unwrought): $4.9 billion (up 21.9%)
- Refrigerators, freezers: $4.7 billion (up 43.8%)
- Piston engines: $4.2 billion (up 260.5%)
- Piston engine parts: $4 billion (up 114.9%)
- Electrical/optical circuit boards, panels: $3.9 billion (up 122%)
- Lower-voltage switches, fuses: $3.3 billion (up 47.2%)
- Air conditioners: $3.1 billion (up 246.6%)
- Electric motors, generators: $2.9 billion (up 63.1%)
- Malt beer: $2.8 billion (up 57.2%)
Among these product categories, piston engines posted the greatest percentage increase in export sales from 2009 to 2016 — improving by 260.5%.
In second-place were Mexican-made trucks, an export product category that increased in value by 258.8% over the same period.
Also moving ahead smartly were exported air conditioners with a 246.6% gain, followed by automobile parts and accessories which appreciated 183.8%.
In contrast, exported commodities crude oil (down -39.7%) and TV receivers, monitors or projectors (down -26.7%) declined in value.
See also Mexico’s Top 10 Exports, Mexico’s Top Trading Partners and Top Mexican Trade Balances
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on March 16, 2017
The World Factbook, Field Listing: Exports and World Population, Central Intelligence Agency. Accessed on March 16, 2017
Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on March 16, 2017