2022
Exports
$38.7MWorld Rnk 24 / 174
Flag Rnk 478 / 1193
2022
PRODUCT COMPLEXITY IN Woodworking machines
1.28Rnk 96 / 1025
2022
Imports
$140MWorld Rnk 19 / 218
Flag Rnk 408 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $38.7M in Woodworking machines, making it the 24th largest exporter of Woodworking machines in the world. At the same year, Woodworking machines was the 478th most exported product in Mexico. The main destination of Woodworking machines exports from Mexico are: United States ($33.4M), Canada ($3.17M), Belgium ($527k), Guatemala ($363k), and Dominican Republic ($205k).

The fastest growing export markets for Woodworking machines of Mexico between 2021 and 2022 were Canada ($362k), El Salvador ($107k), and Vietnam ($103k).

Imports In 2022, Mexico imported $140M in Woodworking machines, becoming the 19th largest importer of Woodworking machines in the world. At the same year, Woodworking machines was the 408th most imported product in Mexico. Mexico imports Woodworking machines primarily from: China ($42.2M), United States ($33.8M), Germany ($18.6M), Italy ($13.6M), and Austria ($8.26M).

The fastest growing import markets in Woodworking machines for Mexico between 2021 and 2022 were China ($6.41M), Germany ($5.3M), and Austria ($4.28M).

COMPANIES In 2023, leading companies such as Nissan (3) and Celebrity Cruises (1) were at the forefront of shipping Woodworking machines from Mexico to the United States.

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Woodworking machines. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$38.7M
IMPORTS (2022)$140M
NET TRADE (2022)-$101M

In 2022, Mexico exported $38.7M in Woodworking machines. The main destinations of Mexico exports on Woodworking machines were United States ($33.4M), Canada ($3.17M), Belgium ($527k), Guatemala ($363k), and Dominican Republic ($205k).

In 2022, Mexico imported $140M in Woodworking machines, mainly from China ($42.2M), United States ($33.8M), Germany ($18.6M), Italy ($13.6M), and Austria ($8.26M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Woodworking machines EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
Canada$362k (12.9%)
El Salvador$107k (135%)
Vietnam$103k (7.39k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Woodworking machines BY Mexico WERE (2021 - 2022):
United States-$8.36M (-20%)
Belgium-$220k (-29.4%)
Guatemala-$199k (-35.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Woodworking machines were:
China $2.66B
Germany $1.99B
Italy $1.23B
In 2022, Mexico's main importing competitors in Woodworking machines were:

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Trade Value of Woodworking machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.6M
TOP IMPORT POTENTIALChina+ $9.28M

Woodworking machines’s highest export potential is United States. With an export gap of $11.6M.   Woodworking machines’s highest import potential is China with an import gap of $9.28M.

See methodology.

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