5 Mexican Export Products You Should Know About
Mexico is one of the largest and most diverse economies in the world, with a rich history and culture that influences its products. From food and beverages to electronics and automobiles, Mexico exports a wide range of goods that are in high demand around the world. In this article, we will explore five of the most popular and profitable Mexican export products, and why they are worth your attention.
1. Avocados
Avocados are one of the most iconic and delicious fruits from Mexico, and they are also one of the country’s top export products. According to the World Bank, Mexico exported $3.6 billion worth of avocados in 2019, making it the world’s largest producer and exporter of this fruit. Avocados are rich in healthy fats, vitamins, minerals, and antioxidants, and they can be used in salads, sandwiches, dips, smoothies, and more. Avocados are also a key ingredient in guacamole, a traditional Mexican dip that is enjoyed worldwide.
2. Beer
Beer is another popular and lucrative Mexican export product, with a global market share of 26% in 2019. Mexico exported $4.8 billion worth of beer in 2019, making it the world’s second-largest exporter of this beverage after Belgium. Mexican beer is known for its light and refreshing taste, and it often comes with a slice of lime or lemon for extra flavor. Some of the most famous brands of Mexican beer are Corona, Modelo, Pacifico, Tecate, and Dos Equis.
3. Automobiles
Automobiles are one of the most complex and valuable Mexican export products, with a total value of $49.4 billion in 2019. Mexico is the world’s sixth-largest producer and fourth-largest exporter of automobiles, with major brands such as Ford, General Motors, Volkswagen, Nissan, Toyota, Honda, and BMW having plants in the country. Mexico’s automotive industry benefits from its strategic location, low labor costs, skilled workforce, free trade agreements, and access to raw materials.
4. Silver
Silver is one of the most precious and versatile metals in the world, and Mexico is its leading producer and exporter. Mexico mined 6,300 tons of silver in 2019, accounting for 23% of the world’s production. Mexico also exported $2.8 billion worth of silver in 2019, making it the world’s largest exporter of this metal. Silver is used for jewelry, coins, electronics, photography, medicine, and more. Silver is also a symbol of Mexican culture and history, as it was mined by the ancient civilizations such as the Aztecs and Maya.
5. Tequila
Tequila is one of the most distinctive and celebrated Mexican export products, with a global reputation for quality and flavor. Tequila is a distilled spirit made from the blue agave plant, which grows only in certain regions of Mexico. Tequila has a protected designation of origin (PDO), which means that only tequila produced in these regions can be labeled as such. Mexico exported $2 billion worth of tequila in 2019, making it the world’s largest exporter of this spirit. Tequila can be enjoyed neat or mixed with other ingredients to make cocktails such as margaritas.
These are just some of the many Mexican export products that you should know about. Mexico is a country with a rich and diverse economy that offers a variety of goods that appeal to different tastes and needs. Whether you are looking for food, drinks, cars, metals, or spirits, you can find them all from Mexico.
Mexican Export Products: Trends and Statistics
Mexico is one of the largest exporters in the world, with a total value of $578.3 billion worth of products shipped around the globe in 2022. Mexico’s main export products are related to the automotive, electronics, and petroleum industries, as well as agricultural and mineral products. In this blog post, we will analyze the trends and statistics of three major categories of Mexican export products: cars, computers, and petroleum oils.
Cars
Cars are the most valuable export product for Mexico, accounting for 8.1% of the total exports in 2022. Mexico exported $46.9 billion worth of cars in 2022, which represents a 17.6% increase compared to 2018. The main destinations for Mexican cars are the United States (75.4%), Canada (7.3%), Germany (3.9%), Brazil (2.7%), and Colombia (1.6%). Mexico is the sixth largest car exporter in the world, behind Germany, Japan, China, the United States, and South Korea.
Computers
Computers are the second most valuable export product for Mexico, accounting for 7.4% of the total exports in 2022. Mexico exported $43 billion worth of computers in 2022, which represents a 29% increase compared to 2018. The main destinations for Mexican computers are the United States (78.9%), Canada (4.9%), Brazil (2.4%), Colombia (1.9%), and Chile (1.6%). Mexico is the fourth largest computer exporter in the world, behind China, Vietnam, and Thailand.
Petroleum Oils
Petroleum oils are the fifth most valuable export product for Mexico, accounting for 3.5% of the total exports in 2022. Mexico exported $20.3 billion worth of petroleum oils in 2022, which represents a 23.6% decrease compared to 2018. The main destinations for Mexican petroleum oils are the United States (80.7%), India (4.6%), Spain (3%), Japan (2.8%), and South Korea (2.4%). Mexico is the seventeenth largest petroleum oil exporter in the world, behind Russia, Saudi Arabia, Iraq, Canada, and others.
Mexico is a major player in the global trade arena, with a diverse portfolio of export products that reflect its competitive advantages in different sectors. Mexico’s export products have shown different trends in terms of value and growth over the past four years, depending on the demand and supply factors in the global market. Mexico’s export products have also varied in terms of their destination markets, with the United States being the dominant partner for most categories.
References:
https://www.inegi.org.mx/contenidos/saladeprensa/boletines/2021/EstSociodemo/enigh2020.pdf
http://www.iie.com/publications/chapters_preview/332/01iie3349.pdf
https://eprints.soas.ac.uk/11840/1/Marois%20RIPE%202011.pdf
https://archive.org/details/mexicosdemocracy0000unse
https://www.reuters.com/article/us-oecd-work-idUSTRE73B59720110412
https://wits.worldbank.org/CountryProfile/en/Country/MEX/Year/2019/TradeFlow/Export/Partner/by-country/Product/All-groups
Essential Topics You Should Be Familiar With:
