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Export of Goods Value from Mexico (1990-2023)

Export of Goods Value from Mexico (1990-2023)

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TGM StatBox. (2024). Export of Goods Value from Mexico (1990-2023). TGM StatBox.
Chart Details
Data Source: World Trade Organization (WTO)
Timeframe: 1990-2023
Country: Mexico
Published date: 2024
Note: Merchandise exports by product group – annual (Million US dollars), as defined by the World Trade Organization (WTO), measures the total value of goods exported from a country, categorized by specific product groups, and expressed in millions of U.S. dollars.
Key Takeaways
Mexico's export growth since 1990 illustrates its transformation into a manufacturing hub. Exports rose from USD 40 billion in 1990 to over USD 166 billion in 2000, bolstered by the implementation of NAFTA in 1994. The agreement facilitated growth in automotive, electronics, and agricultural exports.

Despite setbacks during the 2008 financial crisis, exports soared to USD 577 billion by 2022, reflecting Mexico's strengthened ties with the U.S. and its role in global supply chains. The recent uptick in nearshoring trends and trade diversification continues to position Mexico as a critical exporter in the Americas.

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