Automotive Products Exports of Mexico in 2024: Key Insights of the Top Trade Partners

The annual export valuation of automotive products from Mexico has come across a recent shift in the present days, representing an increase of 5.4% CAGR from the previous year. The Strategic Geographical Location of the nation and the trade agreements signed with destinations of closer proximity like the United States and Canada have been facilitating the cost-effective export of automotive goods produced domestically. Mexico Import Data says, the competitive production cost, accompanied by the increasing foreign investment due to the rapidly evolving production capacity of the manufacturers, has been resulting in robust demand for Mexico’s automotive goods export in 2024.

Due to the rapid engagement of foreign investors in the cost-effective pricing strategies of Mexico’s automotive products, the trade firms of the nation have come up with a divergent variant of its domestic production that has resulted in an overall value of automotive products worth 126 billion US dollars in 2024. Import Globals Mexico Trade Data represents the proper trade analysis of the shipments of automotive goods from Mexico to other leading trade destination estates for helping the business holders get in-depth information on the increasing trade engagement of potential markets.

THE LEADING VARIANT OF AUTOMOTIVE PRODUCTS EXPORTED FROM MEXICO IN 2024

The utmost production capability of the manufacturing sectors accompanied by the evolution and technological advancement has introduced divergent variants of innovative automotive productions in the global supplies. According to the Mexico Export Data, the top 10 leading variants of automotive products exported from the nation in 2024 are,

  • Passenger Cars — The total export trade value of Passenger Cars exported from Mexico in 2024–32 billion US dollars
  • Trucks — The total export trade value of Trucks exported from Mexico in 2024–22 billion US dollars
  • SUVs — The total export trade value of SUVs exported from Mexico in 2024–16 billion US dollars
  • Engines and Engine Parts — The total export trade value of Engines and Engine Parts exported from Mexico in 2024–14 billion US dollars
  • Motor Vehicle Bodies — The total export trade value of Motor Vehicle Bodies exported from Mexico in 2024–12 billion US dollars
  • Tires — The total export trade value of Tires exported from Mexico in 2024–9 billion US dollars
  • Auto Parts — The total export trade value of Auto Parts exported from Mexico in 2024–7 billion US dollars
  • Transmission Assemblies — The total export trade value of Transmission Assemblies exported from Mexico in 2024–6 billion US dollars
  • Electrical Components — The total export trade value of Electrical Components exported from Mexico in 2024–4 billion US dollars
  • Commercial vehicles — The total export trade value of Commercial vehicles exported from Mexico in 2024–3 billion US dollars

THE TOP LEADING EXPORT TRADE PARTNERS OF MEXICO FOR AUTOMOTIVE PRODUCTS IN 2024

Mexico right now has started exporting most of its domestically produced automotive goods with the top trading regions of closer geographical proximity for countering the targeted annual export valuation. According to the Mexico Customs Data, the top 10 export trade partners of the nation in 2024 are,

  • United States — The annual export valuation of automotive products exported from Mexico to the United States in 2024–27 billion US dollars

TOP 5 EXPORTED VARIANTS OF AUTOMOTIVE PRODUCTS IN 2024

a. Passenger cars

b. SUVs

c. Pickup trucks

d. Commercial trucks

e. Buses

  • Canada — The annual export valuation of automotive products exported from Mexico to Canada in 2024–22 billion US dollars

TOP 5 EXPORTED VARIANTS OF AUTOMOTIVE PRODUCTS IN 2024

a. Electric vehicles (EVs)

b. Hybrid vehicles

c. Motorcycles

d. Heavy-duty trucks

e. Agricultural tractors

  • Germany — The annual export valuation of automotive products exported from Mexico to Germany in 2024–19 billion US dollars

TOP 5 EXPORTED VARIANTS OF AUTOMOTIVE PRODUCTS IN 2024

a. Internal combustion engines (ICE)

b. Electric motors for EVs

c. Turbochargers

d. Engine blocks

e. Cylinder heads

  • Brazil — The annual export valuation of automotive products exported from Mexico to Brazil in 2024–16 billion US dollars

TOP 5 EXPORTED VARIANTS OF AUTOMOTIVE PRODUCTS IN 2024

a. Pistons and piston rings

b. Crankshafts

c. Camshafts

d. Connecting rods

e. Timing chains and belts

  • China — The annual export valuation of automotive products exported from Mexico to China in 2024–14 billion US dollars

TOP 5 EXPORTED VARIANTS OF AUTOMOTIVE PRODUCTS IN 2024

a. Manual transmissions

b. Automatic transmissions

c. Continuously variable transmissions (CVTs)

d. Dual-clutch transmissions (DCTs)

e. Transmission control modules

  • Argentina — The annual export valuation of automotive products exported from Mexico to Argentina in 2024–12 billion US dollars

TOP 5 EXPORTED VARIANTS OF AUTOMOTIVE PRODUCTS IN 2024

a. Driveshafts

b. Axles and axle shafts

c. Differentials

d. Clutches

e. Gearboxes

  • Colombia — The annual export valuation of automotive products exported from Mexico to Colombia in 2024–9 billion US dollars

TOP 5 EXPORTED VARIANTS OF AUTOMOTIVE PRODUCTS IN 2024

a. Vehicle wiring harnesses

b. Engine control units (ECUs)

c. Battery management systems (BMS)

d. Alternators

e. Starter motors

  • Spain — The annual export valuation of automotive products exported from Mexico to Spain in 2024–8 billion US dollars

TOP 5 EXPORTED VARIANTS OF AUTOMOTIVE PRODUCTS IN 2024

a. Electric vehicle batteries

b. Infotainment systems

c. Vehicle sensors

d. Dashboard instrument clusters

e. Headlights and taillights

  • Japan — The annual export valuation of automotive products exported from Mexico to Japan in 2024–7 billion US dollars

TOP 5 EXPORTED VARIANTS OF AUTOMOTIVE PRODUCTS IN 2024

a. Shock absorbers

b. Struts

c. Coil springs

d. Leaf springs

e. Control arms

  • United Kingdom– The annual export valuation of automotive products exported from Mexico to the United Kingdom in 2024–5 billion US dollars

TOP 5 EXPORTED VARIANTS OF AUTOMOTIVE PRODUCTS IN 2024

a. Steering racks and pinions

b. Tie rods

c. Stabilizer bars

d. Ball joints

e. Wheel hubs

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