The following 10 leading products generated a surplus subtotal of $131.8 billion for Mexico in its global trade during 2020. Metrics listed below highlight Mexico’s strongest competitive advantages over worldwide trading partners.

1. Cars: US$33.7 billion (Up 40.7% since 2013)
2. Trucks: $23.3 billion (Up 51.2%)
3. Computers, optical readers: $22.1 billion (Up 158.1%)
4. Crude oil: $14.9 billion (Down -65.2%)
5. TV receivers/monitors/projectors: $11.4 billion (Down -17.8%)
6. Insulated wire/cable: $6.3 billion (Up 30.2%)
7. Tractors: $6.2 billion (Up 21.4%)
8. Electro-medical equipment (e.g. xrays): $5 billion (Up 73.9%)
9. Automobile parts/accessories: $4.8 billion (Reversing a -$89.2 million deficit)
10. Malt beer: $4.2 billion (Up 105.3%)

Year over year, Mexico grew its surpluses for 3 top product categories namely cars (up 29.7% from 2019 to 2020), trucks (up 11.2%) and computers including optical readers (up 1.4%).

The 10 major products below accumulated a deficit subtotal of -$63.8 billion for Mexico in international trade during 2020. Mexico has demonstrated the severest competitive disadvantages in the exports and imports of the following commodities.

1. Integrated circuits/microassemblies: -US$16 billion (Up 36.5% since 2013)
2. Processed petroleum oils: -$15.3 billion (Down -22.1%)
3. Computer parts, accessories: -$8.1 billion (Up 71.2%)
4. Petroleum gases: -$6.6 billion (Up 19.5%)
5. Liquid crystal/laser/optical tools: -$4 billion (Up 43.4%)
6. TV/radio/radar device parts: -$3.5 billion (Down -59.6%)
7. Corn: -$3 billion (Up 65.6%)
8. Engines (diesel): -$2.6 billion (Up 35.6%)
9. Solar power diodes/semi-conductors: -$2.3 billion (Up 39.6%)
10. Iron and steel screws, bolts, nuts, washers: -$2.27 billion (Up 5.8%)

Year over year, Mexico’s red ink in global trade expanded for 3 of these top products from 2019 to 2020. Deficit increases belonged to liquid crystal, laser or optical tools (up 33.8%), television, radio or radar device parts (up 9%) and corn (up 0.4%).

In 2020, Mexico generated a surplus subtotal worth $173.1 billion with the following 10 trading partners.

1. United States: US$162.6 billion (Up 45.5% since 2013)
2. Canada: $2.7 billion (Up 383.9%)
3. Colombia: $1.6 billion (Down -57.8%)
4. Guatemala: $1.4 billion (Up 19.9%)
5. Panama: $1.1 billion (Up 10.2%)
6. United Kingdom: $787.7 million (Reversing a -$1.1 billion deficit)
7. Hong Kong: $746.6 million (Up 11.9%)
8. El Salvador: $686.4 million (Up 34.4%)
9. Australia: $671.2 million (Up 42.8%)
10. Peru: $648 million (Down -45.3%)

From 2019 to 2020, the greatest percentage gains for Mexican surpluses came at the expense of United Kingdom (up 83.3%), El Salvador (up 24.5%), Australia (up 9.3%) and United States (up 6.6%).

Mexico experienced money-losing international trade relationships with over 100 countries, islands or territories. The following 10 trade partners created a -$128.7 billion deficit subtotal for Mexico from exchanging exports and imports in 2020.

1. China: -US$65.8 billion (Up 20% since 2013)
2. South Korea: -$11.3 billion (Down -5.6%)
3. Malaysia: -$10.6 billion (Up 104.2%)
4. Japan: -$10.3 billion (Down -30.3%)
5. Germany: -$7.4 billion (Down -24.1%)
6. Vietnam: -$6.5 billion (Up 370.2%)
7. Thailand: -$5 billion (Up 28.6%)
8. Taiwan: -$4.3 billion (Down -30.5%)
9. Italy: -$3.8 billion (Down -13.1%)
10. India: -$3.6 billion (Reversing a $1.1 billion surplus)

Year over year, the greatest percentage deficit increases for Mexico were caused by Taiwan (up 62%) and Vietnam (up 10.2%).