In 2020, the population in México was 126,014,024 inhabitants (48.8% men and 51.2% women). Compared to 2010, the population in México increased by 12.2%.
In the second quarter of 2024, the economically active population of México was 61M people. The workforce reached 59.3M people (40.9% women and 59.1% men) with an average monthly salary of $6.15k MX. The occupations that concentrate the largest number of workers were Sales Employees, Dispatchers and Dependent on Trade (3.58M), Traders in Stores (3.05M), and Support Workers in Agriculture (2.03M). México registered 1.63M unemployed (unemployment rate of 2.67%).
According to INEGI data, the main destinations for Mexico's exports in August 2024 were United States (US$43.7B), Canada (US$1.57B), and China (US$829M).
For their part, the main origins of Mexican imports were United States (US$22.3B), China (US$12.1B), and South Korea (US$2.3B).
In july 2024, international sales of Mexico were US$54.8B and a total of US$54.5B in international purchases. For this month the net trade balance of Mexico it was of US$363M.
The main international purchase in july 2024 was Parts and Accessories of Motor Vehicles (US$2.77B). The main countries of origin of international purchases were United States (US$20.8B), China (US$11.4B), and South Korea (US$2.28B).
In the period January to June 2024, FDI in México reached the US$31.1B, distributed in Inter-company debts (-US$101M), Equity Capital (US$909M), and Reinvestment of earnings (US$30.3B).
From January 1999 and June 2024, México accumulates a total of US$745B in FDI, distributed in Inter-company debts (US$154B), Equity Capital (US$306B), and Reinvestment of earnings (US$285B).
* Confidential data is not shown in the chart (see information icon in the section).
Main investor country Jan-Jun 2024: United States, US$10.6B
Main investor country Jan-1999 to Jun-2024: United States, US$323B
From January to June 2024, the main origin countries of FDI in México were United States (US$10.6B), Germany (US$1.74B), and Canada (US$1.71B).
Between January 1999 and June 2024, the countries that have contributed the most to FDI are United States (US$323B), Spain (US$80.6B), and Canada (US$55.3B).
* Countries with sensitive data are not shown on the map.
* Information download does not contain confidential data.
From 2024, graph shows the main Sectors that received Foreign Direct Investment in México .
The 3 main Sectors that received Foreign Direct Investment (FDI) are: Manufacturing Industries (US$12,7B), Transportation and Storage (US$5.2B) and Financial and Insurance Services (US$4.6B).
108,567,212, Number of Total Remittances during 2024
In august 2024, the total amount of remittances registered was US$6.09B, broken down into Wire Transfers (US$6.04B), Cash and Species (US$36.2M), and Money Orders (US$11.7M).
* The annual and quarterly data shown in the graphs are updated to august 2024.
The map shows the distribution of remittance income by states. The lineplot shows the quarterly evolution of remittance income.
In the second quarter of 2024, the states with the highest income from remittances were Guanajuato (US$1.49B), Michoacán de Ocampo (US$1.46B), and Jalisco (US$1.44B).
The map shows the countries of origin or destination (depending on the option selected in the upper button) of the remittances.
In the second quarter of 2024, the main countries of origin of remittances were list United States (US$16.6B), Canada (US$300M), Ecuador (US$38.7M), and Guatemala (US$22.7M).
In the same period, the main destination countries for remittances originating in Mexico were United States (US$174M), Colombia (US$63.9M), Honduras (US$8.42M), and Dominican Republic (US$8.26M).
The graph shows the average quarterly evolution of the wholesale price of the product selected in the upper buttons, in addition to the quarterly percentage variation of the price.
The states with the highest number of economic units were Estado de México (624,472 unidades), Ciudad de México (427,959 unidades), and Jalisco (335,120 unidades).
The visualization shows the evolution of the Gross Domestic Product of Mexico by economic sector.
In the second quarter of 2024, the Gross Domestic Product of the country was $31.8T MX (current values, at current prices, base year 2013. Excludes taxes on products).
The economic sectors that registered the highest Gross Domestic Product in the indicated period were Manufacturing ($6.58T MX), Retail trade ($3.43T MX), and Wholesale trade ($3.31T MX).
The chart shows the distribution of economic units by sector that had access to certain services in 2018, according to the option selected in the upper button.
The chart shows the distribution of economic units by sector according to the amounts of internet purchases and sales made in 2018.
The economic sectors that stood out for higher amounts of internet purchases were Manufacturing ($1.32T MX companies), Wholesale Trade ($597B MX companies), and Retail Trade ($573B MX companies).
The economic sectors that stood out for higher amounts of internet sales were Manufacturing ($1.6T MX companies), Wholesale Trade ($524B MX companies), and Retail Trade ($319B MX companies).
The visualization shows the percentage distribution of the large economic units of México that carried out separation of their waste by state.
According to data from the Economic Census 2019, the states with the highest percentage of large economic units that carried out waste separation were Quintana Roo (64.8%), Estado de México (60.7%), and Yucatán (59.3%).
The chart shows the main problems faced by economic units. With the upper selector it is possible to analyze the problems affecting companies according to their size. By default, the problems of economic units with up to 10 people are shown.
According to data from the Economic Census 2019, the main problems faced by the economic units with up to 10 workers in México are another problems (22.2%), public insecurity (21.4%), low demand for goods or services (11.6%), and high expenses in service payments (9.73%).
The chart shows the percentage of staff who were trained in each industrial sector according to age range. It allows looking at which age ranges companies focus the highest percentages of trained staff.
In the visualization, each level corresponds to an age range of the staff employed in the economic unit, the darker the box, the greater the percentage of staff trained in that age range.
An industrial park is a geographically delimited area designed for the settlement of the industrial plant in adequate location conditions with infrastructure, equipment, basic services and permanent administration that allows continuous operation.
In 2022, México registers 431 industrial parks. The states with the largest number of parks are Nuevo León (79 parks), Baja California (60 parks), and Estado de México (41 parks).
The graphs show the evolution since 1993 of the number of patent applications or registrations; industrial designs or utility models, national and foreign.
The map shows the number of patent applications or registrations; industrial designs; utility models or trademarks, in each state for the selected year.
The total population of México in 2020 was 126,014,024 inhabitants, with 51.2% woman, and 48.8% men.
The states with the largest population were Estado de México (16,992,418 inhabitants), Ciudad de México (9,209,944 inhabitants), and Jalisco (8,348,151 inhabitants).
The age ranges that concentrated the largest population were 10 to 14 years (10,943,540 inhabitants), 15 to 19 years (10,806,690 inhabitants), and 5 to 9 years (10,764,379 inhabitants). Among them they concentrated 25.8% of the total population.
* In the case of the Afro-descendant population, reference is made to the population that is recognized as Afro-descendant.
7.52M inhabitants, Population that speaks an indigenous language
The visualization shows the 10 main indigenous languages spoken by the population of México.
The population of 3 years and over that speaks at least one indigenous language was 7.52M inhabitants, which corresponds to 5.97% of the total population of México.
The most widely spoken indigenous dialects were Náhuatl (1,675,036 inhabitants), Maya (800,533 inhabitants), and Tseltal (672,595 inhabitants).
The geomap shows the countries of origin of migrants to México in recent years. The bar chart shows the main causes of migration.
The largest number of migrants who entered México in the last 5 years came from United States (381k people), Venezuela (33.8k people), and Colombia (13.9k people).
The main causes of migration to México in recent years were family (240k people), labor (91.1k people), and living place (67.2k people).
* The data displayed were obtained from the extended questionnaire whose data have a confidence interval of 90% and an error of 0.2.
The icons show the percentage of households that have certain elements of connectivity and/or services. With the upper selector you can switch between 5 categories that include different elements: access to technologies, entertaiment, availability of goods, availability of transport and equipment.
2020: 32.3, Average time travel to work in minutes
2020: 19, Average time travel to school in minutes
The visualization shows the population distribution according to travel times to work or to school in 2020.
In México, the average travel time from home to work was 32.3 minutes, 77.2% of the population takes less than an hour to move, while 11.2% takes more than 1 hour to get to work.
On the other hand, the average travel time from home to place of study was 19 minutes, 94.1% of the population takes less than an hour to move, while 4.11% takes more than 1 hour.
* The data displayed were obtained from the extended questionnaire whose data have a confidence interval of 90% and an error of 0.2.
The visualization shows the distribution of the means of transport to work or place to study used by the population of México according to travel times.
In 2020, 33.8% of the population used own vehicle (car, truck or motorcycle) as the main means of transportation to work.
Regarding the means of transport to go to the place of study, 54.9% of the population used bus, taxi, or similar as the main means of transportation.
* The data displayed were obtained from the extended questionnaire whose data have a confidence interval of 90% and an error of 0.2.
In the second quarter of 2024, the labor participation rate in México was 60.2%, which implied an increase of 0.27 percentage points compared to the previous quarter (60%).
The unemployment rate was 2.67 % (1.63M people), which implied an increase of 0.13 percentage points compared to the previous quarter (2.54%).
By type of higher education institution, the largest number of graduates in the 2020-2021 school year in México graduated from: State Public Universities (37.9%, 171,130 graduates), Technological Universities (19.2%, 86,875 graduates), and National Technological Institute of Mexico (15.5%, 70,205 graduates).
By educational level, the graduates of bachelor (80.3%, 362,706 graduates) and higher university technician (11.1%, 50,001 graduates) stand out.
The visualizations show graduates by type of higher education institution and educational level. You can select a category on one of the charts to filter the information displayed on the other chart.
The graph shows the number of graduates by state. With the upper selectors you can filter the information displayed on the map by selecting a type of institution or educational level of interest.
The fields of study with the highest number of graduates in the 2020-2021 school period in México were mechanical, electronic, electronic, chemistry and related professions engineering (20.2%, 91,054 graduates), administration and management (12%, 54,330 graduates), and business and accounting (11.1%, 50,096 graduates).
The careers that stood out in México for having the highest number of graduates were law degree (20,908 graduates), industrial engineering (16,632 graduates), and degree in nursing (14,168 graduates).
The first graph shows the number of graduates by field and area of study. The bar chart shows the careers with the highest number of graduates. You can select a field of study on the first chart to display the top 10 careers in that field on the bar chart.
The chart shows the percentage distribution of the population aged 15 years and over in México according to the approved academic degree.
In 2020, the main academic degrees of the population of México were Middle School (25.8M people or 29.1% of the total), Primary School (20M people or 22.6% of the total), and High School or General Baccalaureate (19.6M people or 22.1% of the total).
It is possible to see the distribution of academic degrees by sex by changing the option selected in the upper button.
* The data displayed were obtained from the extended questionnaire whose data have a confidence interval of 90% and an error of 0.2.
Percentage of school attendance México: 92.7%, Population between 6 and 14 years
Percentage of school attendance in México: 61.9%, Population between 3 and 5 years
The chart shows the stratification of the states according to the percentage of the population that attends school. By default, the chart shows the population between 3 and 24 years old, however you can see the stratification in other age ranges by changing the option selected in the upper selector.
In 2020, 61.9% of the population of México between 3 and 5 years old attended school, 92.7% of the population between 6 and 14 years old and 44.4% of the population between 15 and 24 years old.
The states with the highest percentage of the population between 3 and 24 years who attended school were Tabasco (71.9%), Ciudad de México (71.2%), and Sinaloa (70.7%).
* The data displayed were obtained from the extended questionnaire whose data have a confidence interval of 90% and an error of 0.2.
Top Women Area (Bachelor's Degrees - 2021): 561k, Administration and business
Top Men Area (Bachelor's Degrees - 2021): 633k, Engineering, manufacturing and construction
The areas with the highest number of men enrolled in bachelor's degrees were Engineering, manufacturing and construction (633,314), Administration and business (425,159), and Social sciences and law (323,021). Similarly, the study areas that concentrated the most women enrolled in bachelor's degrees were Administration and business (561,212), Social sciences and law (490,131), and Health sciences (378,949).
It is possible to review this distribution in other years and different areas of study by changing the options selected in the upper buttons.
The treemap shows the distribution of health centers according to specialties in México.
You can click on any box in the chart to view the distribution of the selected specialty by units type in the donut chart. Or select a unit type in the donut chart to modify the treemap data.
In México, the most widely used health care options in 2020 were IMSS (Social Security) (39.6M), SSAs Health Care Center or Hospital (36.2M), and Pharmacy Office (20M).
In the same year, the social insurances that grouped the largest number of people were Popular Insurance or New Generation (XXI Century Health Insurance) (47M) and Pemex, Defense or Marine (35.8M).
* The sum of the affiliated population is greater than the national population because a person can be affiliated with multiple health institutions.
* The data displayed were obtained from the extended questionnaire whose data have a confidence interval of 90% and an error of 0.2.
In 2020, the main disabilities present in the population of México were physical disability (2.94M people), visual disability (2.69M people), and hearing disability (1.35M people).
* A person can have more than one disability and appear counted in more than one category.
The chart shows the population pyramid of disability population in México. With the upper selector it is possible to review the population pyramid for different types of disability.
By default, the chart shows the distribution of the visual disability population. 2,691,338 people with visual disabilities were totaled, 55.4% women and 44.6% men.
According to gender and age range, women among 85 or more years concentrated the 5.42% of the total population with visual disability, while men among 60 to 64 years concentrated the 3.9% of this population group.
The map shows the total average cost of COVID-19 treatment by state. The data comes from a sample of insured patients treated in private hospitals. The table provides details of the total cost and days of treatment by patient. You can select a state on the map to filter the data in the table.
In July 2021, the states that registered the highest total average cost of treatment for COVID-19 were Coahuila de Zaragoza ($864k MX), Baja California ($826k MX), and Yucatán ($800k MX).
The line graph shows the evolution of total average cost of COVID-19 treatment by hospital level. The table provides details of the total cost and days of treatment by patient. You can select a date on the line chart to filter the data in the table.
In July 2021, the total average cost according to hospital level was: low ($344k MX), medium ($603k MX), and high ($522k MX).
The graph shows the average unit cost of the supplies of interest for the treatment of COVID-19. These include treatments, devices, services and drugs. This cost is regardless of the presentation and dose of the drug. Also, hospitals vary in the way they report supplies, and only the supplies of interest for this first scope are approved. It is important to highlight that the medicines correspond to the cut-off period of the database from March 2020 to July 2021, and that the use of drugs has changed over time to greater knowledge of the treatment of Covid-19.
In July 2021, the medical supplies of interest with the highest average unit cost were remdesivir ($29.5k MX), tocilizumab ($9.08k MX), and hidroxicloroquina ($3k MX).
The graph shows the evolution of the average unit cost of the supplies of interest for the treatment of COVID-19 in private hospitals. The data shows total costs per input regardless of the presentation, and dose of the drug.
You can add or remove medical supplies from the graph or analyze the number of supplies used by changing the options in the upper selectors.
* The dashed line indicates preliminary data that will be confirmed during the next 7 days.
The visualization presents the evolution of daily cases by COVID-19 in México.
With the selector at the top it is possible to change the visualization to the evolution of deaths by COVID-19 (daily or accumulated). There is also the option of viewing the data with a 7-day rolling mean or a rate per 100,000 inhabitants.
The visualization shows the distribution of confirmed cases according to age range and sex in México to the date.
The selector at the top allows you to see this distribution for deceased and hospitalized patients. Additionally, when selecting type of patient it is possible to visualize the distribution by age range of hospitalized and outpatient patients.
$56.7k MX, Average quarterly current income in 2020
$173k MX, Difference between decile I and X in 2020
The visualization shows the total average quarterly current income per household in deciles of households in México comparing the years 2016, 2018 and 2020.
In México, 10% of the lowest income households (first decile) had an average quarterly income of $11.2k MX in 2020, while the 10% of households with the highest income (tenth decile) had an average quarterly income of $184k MX in the same period.
Total current quarterly household income: $2.03T MX, México 2020
Total quarterly current expenditure of households: $1.2T MX, México 2020
In 2020, México had a total quarterly current income of $2.03T MX. The states with the highest total quarterly current household income were Estado de Mexico ($262B MX), Ciudad de México ($207B MX), and Jalisco ($148B MX).
In the same year, México had a quarterly monetary current expenditure of $1.2T MX. The states with the highest quarterly monetary current expenditure of households were Estado de Mexico ($161B MX), Ciudad de México ($116B MX), and Jalisco ($93.4B MX).
Between 2018 and 2020, the household spending item that increased the most was health, by a 43.3%. The expense that decreased the most was education, in a -43.5%.
Regarding household income, the item that increased the most was home rent estimate, in a 10.5%. The income that decreased the most was property rent, in a -11.6%.
* Values at 2020 present value prices.
Diversity of the Person of Reference or Head of the Household
According to data from the Population Census 2020, 35.2M dwellings were registered. Of these, 32.6% are homes where the person of reference is a woman and 67.4% corresponds to homes where the person of reference is a man.
Regarding the age ranges of the person of reference, 11.5% of the dwellings concentrated heads of household between 45 a 49 años.
The Gini coefficient or Gini index is a statistical measure designed to represent the income distribution of the inhabitants, specifically, the inequality between them. Indices closer to 0, represent more equity among its inhabitants, while values close to 1, express maximum inequity among its population.
In 2022, the states of Mexico with the lowest social inequality, according to the GINI index, were: Tlaxcala (0.344), Jalisco (0.366), Guanajuato (0.370), Colima (0.377), and Estado de México (0.382). On the other hand, the municipalities with less social equality by this metric were: Chiapas (0.467), Ciudad de México (0.463), Guerrero (0.450), Oaxaca (0.446), and Campeche (0.442).
The visualization compares various indicators of poverty and social deprivation.
In 2020, 35.4% of the population was in a situation of moderate poverty and 9.05% in extreme poverty. The vulnerable population due to social deprivation reached a 26.3%, while the vulnerable population due to income was 7.72%.
The main social deficiencies of México in 2020 were deprivation social security, deprivation health services and deprivation food access.
The Federal Expenditure Budget (PEF, by its name in Spanish) establishes the provisions for the exercise, control and evaluation of federal public spending, as well as the accounting and presentation of the corresponding financial information.
The PEF has two large sections, the Programmable Expenditure, which is intended to provide public goods and services to the population, and the Non-Programmable Expenditure, destined to the fulfillment of acquired obligations and support determined by the Law.
Regarding Programmable Expenditure, there are 3 ways to understand it:
1. Functional Distribution: serves to answer the question, what is it spent for? and corresponds to the presentation of expenditure according to the socio-economic purposes or objectives pursued by the different public entities.
2. Economic Distribution: helps to answer the question, what is it spent on? and presents the expense by its economic nature, whether current or investment.
3. Administrative Distribution: it allows to answer the question, who spends?, presenting the expenditure according to each one of the agencies and public entities to facilitate the management and control of resources.
The states with the highest PEF approved for 2023 were Ciudad de México ($3.71T MX corresponding to 45% of PEF), Estado de México ($431B MX corresponding to 5.23% of PEF), and Tabasco ($338B MX corresponding to 4.11% of PEF).
It is important to mention that there are also PEFs not assigned to a particular state, categorized amounts for abroad corresponding to $9.61B MX and amounts not geographically distributable with an allocation of $1.21T MX.
* The distribution was obtained from the total approved amount for each federal entity. The amount classified as "Geographically not distributable" and "Categorized for abroad" was omitted.
Main Budget Approved 2023: $4.99T MX, Social Development
Lowest Budget Approved 2023: $491B MX, Government
The functional distribution of expenditure corresponds to the socio-economic purposes or objectives pursued by the different public entities.
For the 2023, the functional distribution of expenditure was social development with $4.99T MX (corresponding to 52.7% of the total budget), others not classified in previous functions with $2.16T MX (corresponding to 22.8% of the total budget), economic development with $1.83T MX (corresponding to 19.3% of the total budget), and government with $491B MX (corresponding to 5.19% of the total budget).
Main Budget Approved 2023: $4.82T MX, Current expenditure
Lowest Budget Approved 2023: $14.2B MX, Current expenditure (trusts)
The economic distribution presents the expense by its economic nature, whether current or investment.
The main expenses approved for 2023 according to the economic classification were current expenditure with $4.82T MX (corresponding to 50.9% of the total budget), pensions and retirements with $2.2T MX (corresponding to 23.3% of the total budget), and participations with $1.22T MX (corresponding to 12.9% of the total budget).
The administrative distribution presents the expenditure according to each one of the agencies and public entities to facilitate the management and control of resources.
The main expenditures approved for 2023 according to the administrative classification were Social Security Contributions with $1.24T MX (corresponding to 13.1% of the total budget), Participations to Federal Entities and Municipalities with $1.22T MX (corresponding to 12.9% of the total budget), and Mexican Social Security Institute with $1.17T MX (corresponding to 12.3% of the total budget).
The graph shows the bimonthly evolution of employer registries in Mexico.
In the fourth two-month period of 2021, 1,063,767 employer registrations were recorded, which implies an increase of 0.49% compared to the previous two-month period (1,058,569 registrations) and an increase of 1.22% compared to the registration of the same two-month period the previous year (1,050,990 registrations).
* Consider that the information provided could differ from the figures published by Infonavit, regarding the cut of the information provided.
The graphs show the number of infonavit credits delivered and the distribution of credits by state.
In August 2024, 52,201 credits were delivered. The states where the most credits were delivered were Nuevo León (5,714 credits), Estado de México (4,537 credits), and Jalisco (4,234 credits).
It is possible to interact with the charts by clicking on any of them.
* Consider that the information provided could differ from the figures published by Infonavit, regarding the cut of the information provided.
The graph shows the evolution of the number of credits delivered by Infonavit according to the age range of the beneficiaries.
In August 2024, the group that received the most credits were people aged 31 to 35 years, representing 21% of the total credits delivered that month (10,967 credits).
It is possible to see the distribution by Infonavit credit amounts and by annual or quarterly periods by changing the options selected in the upper selectors.
In order to understand Public Safety in Mexico, this section analyzes two main concepts corresponding to theoretical approaches from which the level of Public Safety is understood: a) Perception and b) Complaint.
The perception of security seeks to measure the perception of public security that the population and households have about the place where they reside and its relationship with crime. On the other hand, the perception of trust in authorities or institutional performance seeks to know how the population perceives authorities and the actions they carry out, regardless of whether or not they have been victims of crime.
The term of complaint is used in the act by which a subject, victim or witness of a crime, reports or establishes the facts in front of the pertinent authorities, reporting an irregularity, criminal act or crime in order to be investigated.
In 2024, 28.9% of men over 18 years old in México perceived security in their state, while 20.6% of women over 18 years old shared this perception.
At the personal level, men from the upper middle socio-demographic stratum perceived greater security (29.8%), while women perceived greater security in the upper socioeconomic stratum (22.4%).
In 2024, 10.2% of the population of México claimed to have a lot of confidence in the state police, while a 14.8% indicated they have a lot of distrust.
Similarly, a 11.9% of the population assured that they had a lot of trust in the Public Ministry and State Prosecutors, a 14.3% in the Judges and a 30.1% in the Federal Police, while a 16.5%, a 16% and a 6.48% claimed to have a lot of distrust in them, respectively.
In the graph you can analyze the level of trust in other authorities and review the data by gender by changing the option selected in the upper button.
* Percentages exclude the "Don't know / no answer" option.
The complaints with the highest occurrence during September 2024 were Stole (43.6k), Domestic Violence (23.6k), and Injury (18k), which covered a 50% of total complaints for the month.
When comparing the number of complaints in September 2023 and September 2024, those with the highest growth were Rapture (55.6%), Letting Prisoners Escape (50%), and Femicide (42.3%).
The United States-Mexico-Canada Agreement (USMCA) is a free trade agreement aimed at strengthening the economic and commercial relationship between the three economies. Signed on November 30, 2018, and entering into force on July 1, 2020, it seeks to foster robust economic cooperation and renew the partnership between the countries.
The USMCA replaces the North American Free Trade Agreement (NAFTA) of 1994, presenting a new high-standard agreement adapted to the needs of the 21st century. This agreement is designed to support mutually beneficial trade, promoting freer and fairer markets, and fostering robust economic growth in the region.
Additionally, the USMCA seeks to preserve and expand regional trade and production by incentivizing the manufacturting and sourcing of goods and materials within the region. It focuses on enhancing the competitiveness of exports in global markets, ensuring fair competition conditions. The agreement promotes trade facilitation and cooperation in the region through efficient and transparent customs processes, reducing costs and consolidating the economic integration of North America.
The interplay between imports, exports and total trade (encompassing the sum of both), reflects the total volume of international trade transactions. This indicator is critical for evaluating the United States' integration into the global economy and its capacity in participating in international trade effectively.
Trade between the United States and the rest of the world has shown variations in recent years. In the year 2022, it stood out for recording the highest growth in total trade, reaching a value of US$5.31T. During 2023, a value of $5.18B was reached, showing a decrease compared to the previous year (2022), with a variation of 3.85% in total trade.
In recent years, the imports and exports of the United States have experienced significant changes. In 2022, exports surged by 17.5%, while imports grew by 14.6%, indicating a significant increase in the volume of goods and services traded. However, in 2023, exports decreased by 2.2% and imports fell by 4.9% in U.S. international trade.
The United States maintains robust and diversified trade relations with several countries and trading partners worldwide. In 2023, U.S. imports from Mexico amounted to US$475.61B, establishing Mexico as the main supplier with a 15.4% market share. Conversely, U.S. exports to Mexico reached US$323.23B, making the Mexican market the second-largest export destination, representing 16%, only surpassed by Canada with a 17.5% market share in these trade flows. The accompanying graph illustrates imports and exports of the United States' primary trading partners.
In 2023, the Mexican export sector maintained its growth. During this year, U.S. imports from Mexico, particularly in the transportation equipment sector, showed significant growth rates. This section provides a summary of U.S. trade by industry, highlighting the main sectors in terms of imports and exports, offering a detailed perspective on the bilateral trade relationship.
The interplay between imports, exports and total trade (encompassing the sum of both), reflects the total volume of international trade transactions. This indicator is critical for evaluating the Canada integration into the global economy and its capacity in participating in international trade effectively.
Trade between Canada and the rest of the world has experienced a variable trend over the last five years. The year 2022, was the year with the highest growth in total trade, reaching a value of US$1.17T. During the year 2023, a decrease with respect to the immediate year was observed in total trade, with a variation of 3.71% compared to 2022.
In recent years, the imports and exports of Canada have experienced significant changes. In 2022, there was a remarkable growth of 18.8% in exports and 16.3% in imports, reflecting an increase in the volume of goods and services entering and leaving the country.
However, in 2023, there was a decline of 5.1% in exports and 2.2% in imports in Canada's international trade.
Canada maintains robust and diversified trade relations with several countries and trading partners worldwide. In 2023, Canadian imports from Mexico amounted to US$34.18B, establishing Mexico as its third-largest supplier with a 6.1% market share. Conversely, Canadian exports to Mexico reached US$6.56B, making the Mexican market the fifth-largest export destination, representing 1.2%. The accompanying graph illustrates imports and exports of Canada’s primary trading partners.
In 2023, the Mexican export sector maintained its growth. During this year, Canadian imports from Mexico, particularly in the transportation equipment sector, showed significant growth rates. This section provides a summary of Canada’s trade by industry, highlighting the main sectors in terms of imports and exports, offering a detailed perspective on the bilateral trade relationship.