2022
Exports | Imports
$207M | $1.05BWorld Rnk 14 / 144
Flag Rnk 240 / 1193
World Rnk 2 / 200
Flag Rnk 98 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 21 / 124
2022
PRODUCT COMPLEXITY IN Locomotive Parts
0.91Rnk 200 / 1025

About

Exports In 2022, Mexico exported $207M in Locomotive Parts, making it the 14th largest exporter of Locomotive Parts in the world. At the same year, Locomotive Parts was the 240th most exported product in Mexico. The main destination of Locomotive Parts exports from Mexico are: United States ($172M), Canada ($23.4M), China ($3.34M), Indonesia ($1.85M), and South Korea ($1.4M).

The fastest growing export markets for Locomotive Parts of Mexico between 2021 and 2022 were United States ($37.6M), Indonesia ($1.84M), and South Korea ($992k).

Imports In 2022, Mexico imported $1.05B in Locomotive Parts, becoming the 2nd largest importer of Locomotive Parts in the world. At the same year, Locomotive Parts was the 98th most imported product in Mexico. Mexico imports Locomotive Parts primarily from: United States ($859M), China ($175M), Spain ($5.07M), India ($3.64M), and Indonesia ($1.42M).

The fastest growing import markets in Locomotive Parts for Mexico between 2021 and 2022 were United States ($446M), China ($87.6M), and India ($2.01M).

COMPANIES In 2023, leading companies such as NISSAN NORTH AMERICA, INC. (106) were at the forefront of shipping Locomotive Parts from Mexico to the United States.

Latest Trends

Feb 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 Locomotive Parts. 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)$207M
IMPORTS (2022)$1.05B
NET TRADE (2022)-$843M

In 2022, Mexico exported $207M in Locomotive Parts. The main destinations of Mexico exports on Locomotive Parts were United States ($172M), Canada ($23.4M), China ($3.34M), Indonesia ($1.85M), and South Korea ($1.4M).

In 2022, Mexico imported $1.05B in Locomotive Parts, mainly from United States ($859M), China ($175M), Spain ($5.07M), India ($3.64M), and Indonesia ($1.42M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Locomotive Parts EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$37.6M (28%)
Indonesia$1.84M (37.8k%)
South Korea$992k (243%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locomotive Parts BY Mexico WERE (2021 - 2022):
Egypt-$9.01M (-100%)
China-$6.32M (-65.4%)
Saudi Arabia-$434k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Locomotive Parts were:
In 2022, Mexico's main importing competitors in Locomotive Parts were:

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Trade Value of Locomotive Parts by Exporters

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