2022
Exports
$2.27BWorld Rnk 9 / 220
Flag Rnk 43 / 1193
2022
PRODUCT COMPLEXITY IN Plastic Lids
-0.17Rnk 606 / 1025
2022
Imports
$3.06BWorld Rnk 5 / 225
Flag Rnk 31 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $2.27B in Plastic Lids, making it the 9th largest exporter of Plastic Lids in the world. At the same year, Plastic Lids was the 43rd most exported product in Mexico. The main destination of Plastic Lids exports from Mexico are: United States ($1.94B), Canada ($41M), Guatemala ($33.7M), Colombia ($29.9M), and Nicaragua ($26.2M).

The fastest growing export markets for Plastic Lids of Mexico between 2021 and 2022 were United States ($374M), Canada ($12M), and Guatemala ($8M).

Imports In 2022, Mexico imported $3.06B in Plastic Lids, becoming the 5th largest importer of Plastic Lids in the world. At the same year, Plastic Lids was the 31st most imported product in Mexico. Mexico imports Plastic Lids primarily from: United States ($2.37B), China ($257M), South Korea ($41.9M), Canada ($33.4M), and Germany ($31.1M).

The fastest growing import markets in Plastic Lids for Mexico between 2021 and 2022 were United States ($265M), China ($52.3M), and Nicaragua ($22.8M).

COMPANIES In 2023, leading companies such as Robert Bosch (13), Tesla (8), and L'Oreal (4) were at the forefront of shipping Plastic Lids 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 Plastic Lids. 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)$2.27B
IMPORTS (2022)$3.06B
NET TRADE (2022)-$796M

In 2022, Mexico exported $2.27B in Plastic Lids. The main destinations of Mexico exports on Plastic Lids were United States ($1.94B), Canada ($41M), Guatemala ($33.7M), Colombia ($29.9M), and Nicaragua ($26.2M).

In 2022, Mexico imported $3.06B in Plastic Lids, mainly from United States ($2.37B), China ($257M), South Korea ($41.9M), Canada ($33.4M), and Germany ($31.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastic Lids EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$374M (23.8%)
Canada$12M (41.5%)
Guatemala$8M (31.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastic Lids BY Mexico WERE (2021 - 2022):
Argentina-$3.61M (-41.8%)
Japan-$2.32M (-16.4%)
Vietnam-$1.26M (-88.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Plastic Lids were:
In 2022, Mexico's main importing competitors in Plastic Lids were:

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Trade Value of Plastic Lids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $161M
TOP IMPORT POTENTIALChina+ $115M

Plastic Lids’s highest export potential is United States. With an export gap of $161M.   Plastic Lids’s highest import potential is China with an import gap of $115M.

See methodology.

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