Mexico was the world’s 10th largest exporter in 2024, which fell from 9th place in 2023, according to the World Trade Organization (WTO) Global Trade and Statistical Report.
Mexico slipped a position even though the value of its export was recorded last year, Annually increased by 4.1% to over $ 617 billion.
Economist: “Hong Kong’s chances are bright compared to its challenges … Chinese companies seem to be the only place to see foreigners and foreigners in the unauthorized pockets of Chinese growth.”https://t.co/idwrrfih15
– Jonathan Cheng (@jchengwsj) April 19, 2025
Hong Kong became the world’s ninth major exporter, but most of the revenue of the Chinese Special Administrative Region came from “re-exports”-the goods shipped abroad after being imported without any change. In other words, Hong Kong is a great transition centerOr DilemmaEspecially for China’s mainland products.
Export data for 2024 can be viewed Global Trade and Statistical ReportIt was released this month.
Mexico Latin America is the best exporter
The World Trade Organization’s report describes a schedule last year “leading exporters and importers in the World Trade Trade.” Top 10 Exporters:
- China – Chinese exports rose by 6% annually to $ 3.57 trillion, which is 14.6% of global exports.
- United States – The value of US exports has increased by 2% annually to 6 2.06 trillion, which is 8.5% of global exports.
- Germany – German exports fell by 1% annually to $ 1.68 trillion, which was 6.9% of global exports.
- Netherlands – Dutch exports fell by 2% annually to $ 961 billion, which was 3.8% of global exports.
- Japan – The value of Japanese exports declined by 1% annually to $ 707 billion, which was 2.9% of global exports.
- South Korea – The value of Korean exports increased by 8% annually to $ 684 billion, which is 2.8% of global exports.
- Italy – Italian exports are worth $ 674 billion, which is 2.8% of global exports.
- Hong Kong – Hong Kong exports increased by 12% annually to $ 646 billion, which is 2.6% of global exports. Almost 95% of revenue came from re -exports, and its value increased by 11% compared to 2023.
- France – French exports declined by 2% annually to $ 640 billion, which was 2.6% of global exports.
- Mexico – Mexican exports increased by 4% annually to $ 617 billion, which is 2.5% of global exports.
In 2024, Mexico’s exports were higher than its USMCA partner Canada ($ 568 billion) and Brazil ($ 337 billion), more than a country and largest economy in Latin America.
More than 80% of Mexico’s exports go to the United States Mexico is the best export of the world’s largest economyPresence Retired China in 2023.
President Donald Trump’s security age is very concerned with the Mexican government, as Mexico is strongly relied on trade with the United States Mexican is trying to negotiate exemption from fees on steel, aluminum and vehicles.
In global trade – the World Trade Organization’s data shows how much China, a manufacturing power center, dominates. Mexico’s import from China has increased significantly in recent yearsAnd Trump is Accused the country of being a transition center for Chinese exports – That means a door to America. China may try to increase its exports to Mexico, considering the highest fees that Chinese products are currently facing when entering the United States
However, the Mexican government is now aimed at reducing the belief in importing from China and other Asian countries because it is trying to raise domestic production as part of itself. Plan a Mexico Economic initiative. It is recently Imposed some additional fees to import from ChinaMoreover, the Mexican industry seeks more protection to the industry.
President Claudia Shinebam said earlier this year It was an option to impose additional charges for imports from countries where Mexico did not have free trade agreements such as China.
Mexico is the world’s 10th largest importer
WTO data shows that Mexico is getting the world’s 10th largest exports last year, behind the US, China, Germany, United Kingdom, the Netherlands, France, Japan, Hong Kong and India.
Mexico imported more than $ 625 billion worth of goods in 2024, leaving more than $ 8 billion trade deficit.
Mexico News Daily Chief Employee Writer Peter Davis ((Email protected))
