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Pricing

2022
Flag → Flag
Exports $4.53BRnk 10 / 156
2022
Flag → Flag
Top Product $1.47BGold
2022
Flag → Flag
Exports $1.69BRnk 39 / 224
2022
Flag → Flag
Top Product $183MHard Liquor
2022
Flag
Economic Complexity (ECI) ECI 1.08Rnk 25 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH6.89%CURRENT US$
Rnk 126 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Mexico-United Kingdom Trade: In 2022, Mexico exported $4.53B to United Kingdom. The main products that Mexico exported to United Kingdom were Gold ($1.47B), Cars ($911M), and Broadcasting Equipment ($205M). Over the past 5 years the exports of Mexico to United Kingdom have increased at an annualized rate of 15.2%, from $2.23B in 2017 to $4.53B in 2022.

In 2022, Mexico did not export any services to United Kingdom.

United Kingdom-Mexico Trade: In 2022, United Kingdom exported $1.69B to Mexico. The main products that United Kingdom exported to Mexico were Hard Liquor ($183M), Packaged Medicaments ($145M), and Cars ($135M). Over the past 5 years the exports of United Kingdom to Mexico have decreased at an annualized rate of 4.02%,  from $2.08B in 2017 to $1.69B in 2022.

In 2019, United Kingdom exported services to Mexico worth $830M, with Other business services ($255M), Travel ($217M), and Transportation ($143M) 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mexico exported $4.53B to United Kingdom. The main products exported from Mexico to United Kingdom were Gold ($1.47B), Cars ($911M), and Broadcasting Equipment ($205M). During the last 5 years the exports of Mexico to United Kingdom have increased at an annualized rate of 15.2%, from $2.23B in 2017 to $4.53B in 2022.

In 2017, United Kingdom exported $1.69B to Mexico. The main products exported from United Kingdom to Mexico were Hard Liquor ($183M), Packaged Medicaments ($145M), and Cars ($135M). During the last 5 years the exports of United Kingdom to Mexico have decreased at an annualized rate of 4.02%, from $2.08B in 2022 to $1.69B in 2017.

Exports from Mexico (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Mexico (Flag) (2022)

Latest Data

Trade between Mexico (Flag) and United Kingdom (Flag)

Mexico Exports

United Kingdom Exports

Market Competitiveness

Color
Mexico
Top DestinationUnited States$421B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Mexico than United Kingdom included United States ($421B), Canada ($22.2B), and Chinese Taipei ($7.86B).

In 2022, countries that imported more from United Kingdom than Mexico included Netherlands ($41.9B), Germany ($40.6B), and Ireland ($32.6B).

Difference in imports from United Kingdom (Flag) and Mexico (Flag) (2022)

Comparative Advantage Mexico - United Kingdom

Flow
Scale

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

During 2022, Mexico had a large net trade with United Kingdom in the exports of Precious Metals ($1.49B), Transportation ($1.03B), and Machines ($894M).

During 2017, United Kingdom had a large net trade with Mexico in the exports of Machines ($429M), Chemical Products ($393M), and Transportation ($256M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mexico United Kingdom+$617MCars
Top Product Potential United Kingdom Mexico+$145MCars

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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Bilateral Service Trade

In 2019, United Kingdom exported services to Mexico worth $830M, with Other business services ($255M), Travel ($217M), and Transportation ($143M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to Mexico (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Mexico (Flag) and United Kingdom (Flag) (2022)

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