Mexico / Canada

Mexico-Canada Trade: In 2022, Mexico exported $22.2B to Canada. The main products that Mexico exported to Canada were Cars ($3.59B), Delivery Trucks ($2.72B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.19B). Over the past 5 years the exports of Mexico to Canada have increased at an annualized rate of 3.62%, from $18.6B in 2017 to $22.2B in 2022.

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

Canada-Mexico Trade: In 2022, Canada exported $7.39B to Mexico. The main products that Canada exported to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($1B), Rapeseed ($876M), and Rapeseed Oil ($326M). Over the past 5 years the exports of Canada to Mexico have increased at an annualized rate of 1.8%,  from $6.76B in 2017 to $7.39B in 2022.

In 2020, Canada exported services to Mexico worth $781M, with Royalties and license fees ($247M), Travel ($233M), and Computer and information services ($191M) 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, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).