MEXICO'S IMPORT PROFILE
I. Trade performance
In the last decade, Mexico has become the seventh largest trader in the world, and the first in Latin America, with a share of 46% in exports and 50% in imports.
In just 13 years, Mexico has:
Mexico
's Trade 1993-2004
(billion dollars)
Source: Banco de México
During 2004, Mexico's 197.3 billion dollars of imports, representing a increase of 15.4% against 2003, and 3 times the value registered in 1993.
II.a. Mexico's imports by industrial sector, 2004
During 2004, Mexico's imports were composed mainly by electric-electronic goods, transportation equipment and auto-parts, and the petrochemical, chemical, refining, rubber and plastic sector. The distribution was as follows:
Mexico's imports by industrial sector, 2004
The main 20 products imported by Mexico in 2004 were:
Subheading |
Description |
Imports (million dollars) |
% |
847330 |
Parts and accessories for automatic data-processing machines |
5,466 |
2.77 |
870323 |
Motor cars and other motor vehicles principally designed for tourism of cylinder > 1,500 cm3 but < 3,000 cm3 |
4,028 |
2.04 |
854221 |
Electronic integrated circuits, digitals. |
3,834 |
1.94 |
852990 |
Parts suitable for use solely of headings 85.25 to 85.28. |
3,729 |
1.89 |
854229 |
The others electronic integrated circuits |
3,417 |
1.73 |
870899 |
Parts and accessories, for tractors, motor vehicles of 87.01 a 87.05 |
3,106 |
1.57 |
392690 |
Articles of plastics or other materials of headings 39.01 to 39.14 |
2,843 |
1.44 |
853690 |
Electrical apparatus for switching electrical of tension < to 1000 volts |
2,587 |
1.31 |
870829 |
Parts and accessories of bodies for tractors, motor vehicles |
2,551 |
1.29 |
271011 |
Petroleum oils. |
2,430 |
1.23 |
847160 |
Input or output units, whether or not containing storages |
2,398 |
1.22 |
271121 |
Natural gas |
2,189 |
1.11 |
870324 |
Motor cars and other motor vehicles principally designed for tourism of cylinder > 3,000 cm3. |
2,130 |
1.08 |
852520 |
Transmission apparatus incorporating reception apparatus. |
2,110 |
1.07 |
853400 |
Printed circuits. |
1,780 |
0.9 |
840820 |
Engines of a kind used for the propulsion of vehicles of chapter 87. |
1,778 |
0.9 |
732690 |
Articles of iron or steel |
1,769 |
0.9 |
870431 |
Motor vehicles for the transport of goods, with spark ignition, of total weight < to 5 t. |
1,691 |
0.86 |
847170 |
Storage units for digital automatic data -processing machines |
1,672 |
085 |
980200 |
Exports of articles donated for relief or charity |
1,529 |
0.78 |
Source: Ministry of Economy with data from Banxico
ll.b. Main Suppliers
During 2004, Mexico's main suppliers were: the USA (55.5%), the EU (10.1%), China (7.3 %), Japan (5.4%) and Canada (2.7%). These countries concentrate 81% of Mexico's total imports.
The following graph shows Mexico's eight main suppliers during 2004:
Mexico's Main Suppliers,
2004
(Billion dollars)
Source: Ministry of Economy with data from Banxico