That calculated dollar amount results from a 60.5% acceleration since 2020 when total Mexican exports were $417 billion.
Year over year, the overall value of Mexico’s exports rose 12.9% compared to $593 billion in 2023.
Based on the average exchange rate for 2024, the Mexican peso appreciated by 2.8% against the US dollar from 2023 to 2024. Mexico’s stronger local currency compared makes its exports paid for in weaker US dollars relatively more expensive for international buyers starting from American currency.
Mexico is a world leader for exporting trucks and ranks among the top countries for global sales of computers, cars and automotive parts or accessories.
Mexico’s Major Trading Partners
The latest available country-specific data from 2023 shows that 90.3% of products exported from Mexico was bought by importers in: United States of America (79.6% of the Mexican total), Canada (3%), mainland China (1.54%), Germany (1.47%), Taiwan (0.9%), Brazil (0.73%), Japan (0.65%), South Korea (0.64%), Guatemala (0.49%), United Kingdom (also 0.49%), Colombia (0.46%) and the Netherlands (0.37%).
From a continental perspective, 86.2% of Mexico’s exports by value was delivered to fellow North American countries while 4.9% was sold to importers in Asia. Mexico shipped another 4.7% worth of goods to Europe.
Smaller percentages went to customers located in Latin America (3.9%), Oceania (0.2%) namely Australia and New Zealand, then Africa (0.1%).
Given Mexico’s population of 132.3 million people, its total $669.3 billion in 2024 exports translates to roughly $5,050 per resident in the southernmost North American country. That dollar metric exceeds the average $4,500 for 2023.
Mexico’s Top 10 Exports
The following export product groups categorize the highest dollar value in Mexican global shipments during 2024. Also shown is the percentage share each export category represents in terms of overall exports from Mexico.
- Vehicles: US$168.4 billion (25.2% of total exports)
- Machinery including computers: $129.8 billion (19.4%)
- Electrical machinery, equipment: $114.4 billion (17.1%)
- Optical, technical, medical apparatus: $36.9 billion (5.5%)
- Mineral fuels including oil: $27.4 billion (4.1%)
- Beverages, spirits, vinegar: $14.8 billion (2.2%)
- Furniture, bedding, lighting, signs, prefabricated buildings: $14.2 billion (2.1%)
- Fruits, nuts: $12.9 billion (1.9%)
- Vegetables: $11.8 billion (1.8%)
- Gems, precious metals: $11.2 billion (1.7%)
Mexico’s top 10 export product categories generated over four-fifths (80.9%) of the overall value of Mexican worldwide shipments.
Fruits and nuts was the fastest grower among the top 10 export categories, up by 47.3% from 2023 to 2024.
In second place for improving export sales was machinery including computers via a 38.9% advance.
Mexico’s shipments of optical, technical and medical apparatus posted the third-fastest gain in value, up by 34.9%.
The lone decliner among Mexico’s top 10 export categories was mineral fuels including oil, pulled down by a -16% year-over-year drop.
Note that the results listed above are at the categorized two-digit Harmonized Tariff System (HTS) code level.
For a more granular view of exported goods at the four-digit HTS code level, see the section below.
Searchable List of Mexico’s Most Valuable Export Products
At the more granular four-digit HTS code level, the following searchable table displays 100 of the most in-demand goods shipped from Mexico during 2024. Shown beside each product label is its total export value then the percentage increase or decrease since 2023.
| Rank | Mexico's Export Product | Value (US$) | Change |
|---|---|---|---|
| 1 | Cars | $67,695,443,000 | +18.1% |
| 2 | Computers, optical readers | $59,228,969,000 | +101.4% |
| 3 | Trucks | $42,766,200,000 | +13.4% |
| 4 | Automobile parts/accessories | $42,360,973,000 | +4.6% |
| 5 | Crude oil | $22,209,479,000 | -19.5% |
| 6 | Electro-medical equipment (e.g. xrays) | $19,972,567,000 | +55.5% |
| 7 | Insulated wire/cable | $18,704,040,000 | +6.3% |
| 8 | Phone devices including smartphones | $16,705,855,000 | +17.7% |
| 9 | TV receivers/monitors/projectors | $11,479,513,000 | -3.8% |
| 10 | Tractors | $11,349,028,000 | -15.6% |
| 11 | Electrical/optical circuit boards, panels | $10,103,171,000 | +23.8% |
| 12 | Seats (excluding barber/dentist chairs) | $9,032,339,000 | +13.5% |
| 13 | Air conditioners | $7,990,633,000 | +17.6% |
| 14 | Gold (unwrought) | $7,331,711,000 | +115.2% |
| 15 | Electrical converters/power units | $6,897,843,000 | +7% |
| 16 | Refrigerators, freezers | $6,863,295,000 | -0.8% |
| 17 | Malt beer | $6,834,939,000 | +17.4% |
| 18 | Lower-voltage switches, fuses | $6,688,312,000 | +26.4% |
| 19 | Alcohol (including spirits, liqueurs) | $6,410,213,000 | +48.6% |
| 20 | Centrifuges, filters and purifiers | $5,705,326,000 | +19.5% |
| 21 | Piston engine parts | $5,221,473,000 | -6.2% |
| 22 | Integrated circuits/microassemblies | $5,087,721,000 | +50.5% |
| 23 | Electrical machinery | $5,002,908,000 | +45.2% |
| 24 | Electric motors, generators | $4,927,457,000 | -0.6% |
| 25 | Processed petroleum oils | $4,849,401,000 | +7.6% |
| 26 | Dates/figs/pineapples/mangoes/avocadoes/guavas | $4,810,633,000 | +32.2% |
| 27 | Piston engines | $4,752,735,000 | +31.5% |
| 28 | Miscellaneous fruits (fresh) | $4,360,374,000 | +154.3% |
| 29 | Taps, valves, similar appliances | $4,332,724,000 | +28.5% |
| 30 | Air or vacuum pumps | $4,104,333,000 | +6.9% |
| 31 | Miscellaneous fresh/chilled vegetables | $4,001,596,000 | +26.8% |
| 32 | Orthopedic appliances | $3,912,962,000 | +97.8% |
| 33 | Copper ores, concentrates | $3,866,540,000 | +4.1% |
| 34 | Electrical lighting/signaling equpment, defrosters | $3,832,922,000 | -5.9% |
| 35 | Fresh/chilled tomatoes | $3,544,747,000 | +16.3% |
| 36 | Liquid pumps and elevators | $3,484,646,000 | +31.8% |
| 37 | Turbo-jets | $3,306,013,000 | +9.2% |
| 38 | Trailers | $3,259,821,000 | -25.4% |
| 39 | Silver (unwrought) | $3,091,295,000 | +15.3% |
| 40 | Computer parts, accessories | $2,982,893,000 | +40.5% |
| 41 | Bread, biscuits, cakes, pastries | $2,819,381,000 | +8.1% |
| 42 | Electric water heaters, hair dryers | $2,676,808,000 | +21.6% |
| 43 | Miscellaneous plastic items | $2,614,514,000 | +2.4% |
| 44 | Rubber tires (new) | $2,540,750,000 | +24.2% |
| 45 | Microphones/headphones/amps | $2,499,813,000 | +16% |
| 46 | Aircraft or spacecraft parts | $2,481,090,000 | +311.6% |
| 47 | Miscellaneous furniture | $2,417,216,000 | +12.3% |
| 48 | Precious metal ores, concentrates | $2,250,583,000 | +750.7% |
| 49 | Medication mixes in dosage | $2,198,514,000 | +45.4% |
| 50 | Engines (diesel) | $2,190,191,000 | +26.2% |
| 51 | Electric storage batteries | $2,130,414,000 | -17.2% |
| 52 | Machinery parts | $2,066,786,000 | -5.8% |
| 53 | Lamps, lighting, illuminated signs | $2,034,750,000 | +9.5% |
| 54 | Regulate/control instruments | $2,033,019,000 | -28.5% |
| 55 | Plastic packing goods, lids, caps | $1,952,770,000 | -35.9% |
| 56 | Telecommunication receivers | $1,937,429,000 | -1.2% |
| 57 | Miscellaneous iron or steel items | $1,902,492,000 | -7.7% |
| 58 | Electric circuit parts, fuses, switches | $1,854,361,000 | -17% |
| 59 | Electric ignition/start equipment | $1,853,608,000 | +2.7% |
| 60 | Fresh or chilled beef | $1,797,234,000 | +4.2% |
| 61 | Temperature-change machines | $1,774,912,000 | +1.2% |
| 62 | Pneumatic hand tool | $1,759,543,000 | +24.4% |
| 63 | Miscellaneous iron and steel structures | $1,719,241,000 | -15% |
| 64 | Gas/liquid/electricity/production meters | $1,625,407,000 | +7.4% |
| 65 | Liquid/gas checking instruments | $1,613,659,000 | +26.8% |
| 66 | Models, puzzles, miscellaneous toys | $1,595,287,000 | +55.5% |
| 67 | Lifting/loading machinery | $1,557,295,000 | +185.7% |
| 68 | Unrecorded sound media | $1,495,174,000 | +73.3% |
| 69 | Sugar confectionery (no cocoa) | $1,420,702,000 | +23.3% |
| 70 | Transmission shafts, gears, clutches | $1,401,259,000 | +8.5% |
| 71 | Base metal mountings, fittings | $1,382,481,000 | +30.9% |
| 72 | Vulcanized rubber items | $1,379,344,000 | +31.1% |
| 73 | Locks, lock-keys | $1,373,185,000 | +0.5% |
| 74 | Radar, radio communication items | $1,371,061,000 | +60.2% |
| 75 | Fork-lift trucks | $1,364,801,000 | +74.9% |
| 76 | Miscellaneous engines, motors | $1,329,301,000 | +331.4% |
| 77 | Live bovine cattle | $1,305,767,000 | +82.5% |
| 78 | Mechano-therapy appliances | $1,296,479,000 | +53.8% |
| 79 | Miscellaneous machinery | $1,286,805,000 | -36.8% |
| 80 | Non-alcoholic drinks (not water/juice/milk) | $1,234,519,000 | +10.8% |
| 81 | Zinc ores, concentrates | $1,222,140,000 | +396.9% |
| 82 | Lead ores, concentrates | $1,201,229,000 | +43.5% |
| 83 | Other measuring/testing machines | $1,190,992,000 | +66.2% |
| 84 | Electric sound/visual signal bells or alarms | $1,173,663,000 | +16.4% |
| 85 | Speed/distance meters | $1,162,536,000 | +2.1% |
| 86 | Copper waste, scrap | $1,144,630,000 | +25.5% |
| 87 | Yachts, other pleasure/sports vessels | $1,141,164,000 | +26.3% |
| 88 | TV receiver/transmit/digital cameras | $1,135,914,000 | +36% |
| 89 | Iron or steel tubes, pipes | $1,128,403,000 | +69.1% |
| 90 | Miscellaneous preserved fruits | $1,119,461,000 | +36.5% |
| 91 | Yarn wash/clean/iron machines | $1,101,580,000 | -3.8% |
| 92 | Plastic plates, sheets, film, tape, strips | $1,100,241,000 | +25.6% |
| 93 | Vulcanized rubber tubes, pipes | $1,066,130,000 | +23.2% |
| 94 | Men's suits, trousers (not knit or crochet) | $1,028,574,000 | -10.6% |
| 95 | Hair preparations | $1,018,388,000 | +37.3% |
| 96 | Printing machinery | $998,082,000 | +10.7% |
| 97 | Physical/chemical analysis tools | $993,576,000 | +19.7% |
| 98 | Other organic cleaning preparations | $990,521,000 | +17.7% |
| 99 | Cucumbers, gherkins | $957,156,000 | +17.9% |
| 100 | Fresh or dried citrus fruit | $948,844,000 | +10.8% |
These 100 exported goods were worth a subtotal of US$555.1 billion or 82.9% by value for all products exported from Mexico during 2024.
Fastest-growing Mexican exported products are headlined by: precious metals ores and concentrates (up 750.7% from 2023 to 2024), zinc ores and concentrates (up 396.9%), miscellaneous engines and motors (up 331.4%), aircraft or spacecraft parts (up 311.6%), lifting and loading equipment (up 185.7%), miscellaneous fresh fruits (up 154.3%), unwrought gold (up 115.2%), then computers including optical readers (up 101.4%).
Products Generating Highest Trade Surpluses for Mexico
Mexico recorded an estimated US$97.5 billion trade surplus in 2024. The Mexican amount of black ink reversed a -$5.5 billion trade deficit one year earlier in 2023.
The following types of Mexican product shipments represent positive net exports or a trade balance surplus. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports.
In a nutshell, net exports represent the amount by which foreign spending on a home country’s goods or services exceeds or lags the home country’s spending on foreign goods or services.
- Vehicles: US$105.8 billion (Up by 11.1% since 2023)
- Machinery including computers: $33.7 billion (Reversing a -$2.2 billion deficit)
- Optical, technical, medical apparatus: $19.1 billion (Up by 76%)
- Beverages, spirits, vinegar: $13.5 billion (Up by 26.5%)
- Fruits, nuts: $11.1 billion (Up by 55.8%)
- Vegetables: $10.7 billion (Up by 18.8%)
- Gems, precious metals: $9.4 billion (Up by 36.7%)
- Furniture, bedding, lighting, signs, prefabricated buildings: $9 billion (Up by 6.5%)
- Ores, slag, ash: $7.2 billion (Up by 16.1%)
- Electrical machinery, equipment: $6.6 billion (Reversing a -$13.9 billion deficit)
Mexico has historically positive net exports in the international trade of cars, trucks, tractors plus automotive parts or accessories. In turn, these cashflows indicate Mexico’s strong competitive advantages under the vehicles product category.
Products Causing Greatest Trade Deficits for Mexico
Below are exports from Mexico that result in negative net exports or product trade balance deficits. These negative net exports reveal product categories where foreign spending on home country Mexico’s goods trail Mexican importer spending on foreign products.
- Plastics, plastic articles: -US$19 billion (Down by -0.1% since 2023)
- Mineral fuels including oil: -$15.7 billion (Up by 47.6%)
- Iron, steel: -$12.3 billion (Down by -28.8%)
- Cereals: -$7.7 billion (Down by -4.9%)
- Organic chemicals: -$7.7 billion (Down by -16.4%)
- Aluminum: -$6.2 billion (Down by -10.3%)
- Pharmaceuticals: -$5.4 billion (Up by 0.6%)
- Aircraft, spacecraft: -$5.3 billion (Reversing a $486.9 million surplus)
- Other chemical goods: -$5 billion (Down by -39.8%)
- Paper, paper items: -$4.4 billion (Down by -6.3%)
Mexico has highly negative net exports both for plastic as a material and items made from plastic.
These cashflow deficiencies clearly indicate Mexico’s competitive disadvantages in the international market for mineral fuels-related products, but also represent key opportunities for Mexico to improve its position in the global economy through focused innovations.
Major Mexican Export Companies
According to Forbes Global 2000 rankings, the following companies are examples of leading Mexican companies.
- ALFA (petrochemicals, auto parts, food)
- Arca Continental (soft drinks, bottling)
- Cemex (construction materials)
- FEMSA (alcoholic beverages)
- Grupo Bimbo (bakery products)
- Grupo Mexico (metals, mining)
- Grupo Modelo (brewery)
- Industrias Peñoles (silver, gold, zinc, lead)
According to global trade intelligence firm Zepol, the following smaller companies are also examples of leading Mexican exporters.
- Autotek Mexico (vehicles, automotive parts)
- Manufacturera Lee De Mexico (clothing, accessories)
- Sitwell S A DE (chairs, seats)
- Tubos De Acero De Mexico (casing, tubing, pipes, iron/steel bridges)
In macroeconomic terms, Mexico’s total exported goods represent 20.2% of its overall Gross Domestic Product for 2024 ($3.317 trillion valued in Purchasing Power Parity US dollars). That 20.2% for exports to overall GDP per PPP in 2024 compares to 18.1% for 2023. Those percentages suggest a relatively increasing reliance on products sold on international markets for Mexico’s total economic performance, albeit based on a short timeline.
Another key indicator of a country’s economic performance is its unemployment rate. Mexico’s unemployment rate averaged 2.668% for 2024, down from an average 2.797% in 2023 as reported by International Monetary Fund statistics.
See also Mexico’s Top 10 Imports, Mexico’s Top Trading Partners, Mexico’s Top 10 Major Export Companies and United States Top 10 Exports
Research Sources:
Central Intelligence Agency, The World Factbook Country Profiles. Accessed on April 30, 2025
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on April 30, 2025
International Monetary Fund, Exchange Rates selected indicators (Domestic Currency per U.S. dollar, period average). Accessed on April 30, 2025
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on April 30, 2025
International Trade Centre, Trade Map. Accessed on April 30, 2025
Investopedia, Net Exports Definition. Accessed on April 30, 2025
Richest Country Reports, Key Statistics Powering Global Wealth. Accessed on April 30, 2025
Wikipedia, Gross domestic product. Accessed on April 30, 2025
Wikipedia, List of Companies of Mexico. Accessed on April 30, 2025
Wikipedia, Purchasing power parity. Accessed on April 30, 2025
Zepol’s company summary highlights by country. Accessed on April 30, 2025