United Kingdom (GBR) and Mexico (MEX) Trade | The Observatory of Economic Complexity

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United Kingdom (GBR) and Mexico (MEX) Trade

2022

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Exports $1.69BRnk 39 / 224

2022

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About

United Kingdom-Mexico In 2022, United Kingdom exported $1.69B to Mexico. The main products that United Kingdom exported to Mexico are Hard Liquor ($183M), Packaged Medicaments ($145M), and Cars ($135M). During the last 27 years the exports of United Kingdom to Mexico have increased at an annualized rate of 4.53%, from $512M in 1995 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.

Mexico-United Kingdom 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). During the last 27 years the exports of Mexico to United Kingdom have increased at an annualized rate of 7.95%, from $575M in 1995 to $4.53B in 2022.

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

Comparison In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Latest Trends

February, 2024

About

Overview In February 2024, United Kingdom exported £195M and imported £74.7M from Mexico, resulting in a positive trade balance of £120M. Between February 2023 and February 2024 the exports of United Kingdom have increased by £79.2M (68.2%) from £116M to £195M, while imports decreased by £-103M (-57.9%) from £178M to £74.7M.

Trade In February 2024, the top exports of United Kingdom to Mexico were Gas Turbines (£7.37M), Hard Liquor (£7.07M), Cars (£6.96M), Packaged Medicaments (£4.33M), and Delivery Trucks (£2.41M). In February 2024 the top imports of United Kingdom from Mexico were Gold (£109M), Cars (£40.7M), Telephones (£15.2M), Electrical Control Boards (£14.4M), and Hard Liquor (£8.38M).

Origins In February 2024 the exports of United Kingdom were mainly from London Gateway (£42.2M), London Heathrow Airport (£40M), Southampton (£32.9M), Dover (£20M), and East Midlands Airport (£7.09M), while imports destinations were mainly London Heathrow Airport (£17M), London Gateway (£10.5M), London Stansted Airport (£6.19M), and Middlesbrough (£5.1M).

Growth In February 2024, the increase in United Kingdom's year-by-year exports to Mexico was explained primarily by an increase in product exports in Gas Turbines (£6.51M or 758%), Rubberworking Machinery (£2.06M or 4.35k%), and Special Pharmaceuticals (£1.94M or 5.74k%). In February 2024, the decrease in United Kingdom's year-by-year imports from Mexico was explained primarily by an decrease in product imports in Spark-Ignition Engines (£-4.05M or -99.3%), Computers (£-3.46M or -31.7%), and Motor vehicles; parts and accessories (8701... (£-1.63M or -56.3%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£79.2M(68.2%)

IMPORT GROWTH (February 2023 - February 2024)£-103M(-57.9%)

MAIN EXPORTER (February 2024)London Gateway£42.2M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Mexico and United Kingdom trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 27 years the exports of United Kingdom to Mexico have increased at an annualized rate of 4.53%, from $512M in 1995 to $1.69B in 2022.

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 27 years the exports of Mexico to United Kingdom have increased at an annualized rate of 7.95%, from $575M in 1995 to $4.53B in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$61.8B

Mexico
Top DestinationUnited States$421B

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

In 2021, countries that imported more from United Kingdom than Mexico were Netherlands ($41.9B), Germany ($40.6B), and Ireland ($32.6B).

In 2021, countries that imported more from Mexico than United Kingdom were United States ($421B), Canada ($22.2B), and Chinese Taipei ($7.86B).

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

Comparative Advantage United Kingdom - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United Kingdom had a large net trade with Mexico in the exports of Machines ($429M), Chemical Products ($393M), and Transportation ($256M).

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).

Service Trade

Bilateral Service Trade

Gbr Year

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 () to Mexico () (2019)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Mexico. Similarly, the more yellow a dot/product is, the more Mexico has comparative advantage over United Kingdom.

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

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