The most valuable Mexican imports also include computer parts, diesel engines and solar-power components.
The following list shows on which products Mexican importers spent the most money. Unlike most information currently available on the web, the items below are detailed at the 4-digit tariff code level.
This level of granularity can help entrepreneurs identify more precisely which products in which the Mexico has strong demand but competitive disadvantages compared with other nations — and therefore opportunities for innovation.
For the most recent four-digit HTS code data, please see the link to Mexico’s Top 10 Imports article in the See also paragraph above Research Sources below.
Highest Value Mexican Import Products
Below are the 20 highest value import products delivered to Mexican importers in 2017. Shown within brackets is the 5-year change in value for each item.
- Automobile parts/accessories: US$25.3 billion (Up 22.8% from 2013 to 2017)
- Processed petroleum oils: $24.8 billion (Down -2%)
- Integrated circuits/microassemblies: $16.4 billion (Up 22.7%)
- Phone system devices including smartphones: $13.5 billion (Down -10.7%)
- Cars: $11.5 billion (Up 36.2%)
- Computers, optical readers: $9.4 billion (Up 6.3%)
- Petroleum gases: $8.3 billion (Up 49.8%)
- Lower-voltage switches, fuses: $6.1 billion (Up 8.4%)
- Computer parts, accessories: $6 billion (Up 8.8%)
- Insulated wire/cable: $5.2 billion (Down -3.6%)
- Miscellaneous plastic items: $4.6 billion (Up 22.5%)
- Engines (diesel): $4.5 billion (Up 21.3%)
- TV/radio/radar device parts: $4.4 billion (Down -54%)
- Piston engine parts: $3.9 billion (Up 17.5%)
- Electric circuit parts, fuses, switches: $3.8 billion (Up 23.3%)
- Liquid crystal/laser/optical tools: $3.7 billion (Up 14%)
- Electrical converters/power units: $3.6 billion (Up 13.3%)
- Taps, valves, similar appliances: $3.5 billion (Up 23.4%)
- Air or vacuum pumps: $3.4 billion (Up 8.8%)
- Miscellaneous machinery: $3.4 billion (Up 37.8%)
Among these product categories, imported petroleum gases posted the greatest increase in value via a 49.8% gain from 2013 to 2017.
In second place was miscellaneous machinery which improved by 37.8%.
Mexican imports of cars also showed a competitive gain in 2017, up 36.2% over the 5-year period. Taps, valves and similar appliances moved ahead in value by 23.4% followed by imported electric circuit parts, fuses and switches up 23.3%.
Phone system devices including smartphones was the greatest decliner via a -10.7% drop since 2013.
See also Mexico’s Top 10 Imports, Mexico’s Top 10 Exports, Mexico’s Top Trading Partners and Top Mexican Trade Balances
Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on March 2, 2018
The World Factbook, Field Listing: Imports and World Population, Central Intelligence Agency. Accessed on March 2, 2018
Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on March 2, 2018