2022
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GDP
$1.41TCURRENT US$
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2012-2022
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GDP GROWTH
17.7%CURRENT US$
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2022
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 GDP
$4.23TCURRENT US$
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2012-2022
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GDP GROWTH
-32.5%CURRENT US$
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2022
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GDP PC 
$11,091CURRENT US$
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2012-2022
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GDP PC GROWTH
6.89%CURRENT US$
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2022
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GDP PC
$33,815CURRENT US$
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2012-2022
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GDP PC GROWTH
-31.2%CURRENT US$
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About

Mexico-Japan Trade: In 2022, Mexico exported $4.94B to Japan. The main products that Mexico exported to Japan were Pig Meat ($589M), Crude Petroleum ($341M), and Cars ($331M). Over the past 5 years the exports of Mexico to Japan have decreased at an annualized rate of 1.3%, from $5.28B in 2017 to $4.94B in 2022.

In 2022, Mexico did not export any services to Japan.

Japan-Mexico Trade: In 2022, Japan exported $11.3B to Mexico. The main products that Japan exported to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($1.42B), Cars ($1.12B), and Flat Flat-Rolled Steel ($683M). Over the past 5 years the exports of Japan to Mexico have decreased at an annualized rate of 2.81%,  from $13.1B in 2017 to $11.3B in 2022.

In 2009, Japan exported services to Mexico worth $1.19B, with Services not allocated ($594M), Royalties and license fees ($251M), and Construction services ($134M) being the largest in terms of value.

Comparison: In 2022,  Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mexico exported $4.94B to Japan. The main products exported from Mexico to Japan were Pig Meat ($589M), Crude Petroleum ($341M), and Cars ($331M). During the last 5 years the exports of Mexico to Japan have decreased at an annualized rate of 1.3%, from $5.28B in 2017 to $4.94B in 2022.

In 2017, Japan exported $11.3B to Mexico. The main products exported from Japan to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($1.42B), Cars ($1.12B), and Flat Flat-Rolled Steel ($683M). During the last 5 years the exports of Japan to Mexico have decreased at an annualized rate of 2.81%, from $13.1B in 2022 to $11.3B in 2017.

Exports from Mexico (Flag) to Japan (Flag) (2022)

Exports from Japan (Flag) to Mexico (Flag) (2022)

Latest Data

Trade between Mexico (Flag) and Japan (Flag)

Mexico Exports

Japan Exports

Market Competitiveness

Color
Mexico
Top Destination
United States$421B
Japan
Top Destination
United States$137B

This map shows whether countries import more from Mexico or Japan. Each country is colored based on the difference in imports they receive from Mexico and Japan or the difference in the growth in imports.

In 2022, countries that imported more from Mexico than Japan included United States ($421B), Canada ($22.2B), and Guatemala ($2.86B).

In 2022, countries that imported more from Japan than Mexico included China ($135B), South Korea ($50.8B), and Chinese Taipei ($50.1B).

Difference in imports from Japan (Flag) and Mexico (Flag) (2022)

Comparative Advantage Mexico - Japan

Flow
Scale

This chart compares trade between Mexico and Japan by product, considering products traded by both, Mexico and Japan.

During 2022, Mexico had a large net trade with Japan in the exports of Machines ($1.2B), Mineral Products ($865M), and Animal Products ($741M).

During 2017, Japan had a large net trade with Mexico in the exports of Machines ($4.21B), Transportation ($2.97B), and Metals ($2.2B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mexico Japan+$408MCrude Petroleum
Top Product Potential Japan Mexico+$456MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Mexico and Japan. This means that a dot/product with the flag of Mexico indicates it has a comparative advantage over Japan. Similarly, a dot/product with the flag of Japan indicates it has a comparative advantage over Mexico.

Product Space of Mexico (Flag) and Japan (Flag) (2022)

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