According to the World Trade Organization’s (WTO) World Trade Statistics and Perspectives report , with data up to 2024, Mexico remains among the top 10 exporting powers globally, as highlighted by Sergio Contreras, executive president of the Mexican Business Council for Foreign Trade, Investment and Technology (Comce) .
The report positions Mexico as the tenth largest exporter of merchandise , with a 2.5% share of world trade and an annual growth of 4%, going from 593 billion dollars (mdd) in 2023, to the historical record of 617.1 billion dollars in 2024 .
In a statement, the Comce highlighted that, despite Mexico’s move from ninth to tenth place in the global ranking, its exports increased.
In terms of imports , Mexico also ranks tenth with a 2.6% share and 4% growth, rising from $598.475 billion in 2023 to $625.312 billion in 2024 .
The data reflects that Mexico’s shift in position was due to Hong Kong’s rise to eighth place, after reaching $646 billion in exports, a 12% increase, surpassing France and Mexico in terms of value.
Likewise, Mexico maintained its regional leadership as the main exporter in Latin America and the second in the American continent, only behind the United States.
On the other hand, Comce highlighted that, in terms of bilateral trade , in March 2025, Mexican exports to the United States totaled $47.982 billion , the highest monthly figure on record, confirming that Mexico remains its main trading partner.
The organization explained that, in general terms, 2025 is expected to be an atypical year for international trade , following the WTO projection suggesting a 0.2% contraction in the volume of global merchandise trade, in contrast to the 2.9% growth recorded in 2024.
This slowdown is attributed to the impact of new tariffs, lower external demand, and adjustments in global supply chains . A modest recovery of 2.5 percent is expected by 2026.
Given this complex and constantly changing global environment, Comce emphasized the importance of having spaces for strategic dialogue that allow for identifying opportunities, anticipating risks, and strengthening Mexico’s competitiveness in international markets.
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