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Who buys Mexico’s crude oil? Export destinations 2024

In 2024, Mexico exported $26.6 billion of crude oil (53.2 million tonnes), 2% of the world total. Its main destinations were the United States (47%), Taiwan (16%) and Spain (16%). Mexico was the world’s 16th-largest exporter of crude oil.

Summary

Value
$26.6billion
Tonnes
53.2million tonnes
Share of world total
2%
World rank
16th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 12 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United States12.5Tonnes: 26,496,536USD per tonne: $47146.9%Land
Taiwan4.4Tonnes: 7,879,609USD per tonne: $55516.4%Sea
Spain4.3Tonnes: 8,586,834USD per tonne: $49916.1%Sea
South Korea2Tonnes: 3,777,583USD per tonne: $5397.6%Sea
India1.7Tonnes: 3,249,944USD per tonne: $5156.3%Sea
Germany0.71Tonnes: 1,286,814USD per tonne: $5492.7%Sea
China0.58Tonnes: 1,047,573USD per tonne: $5582.2%Sea
Italy0.36Tonnes: 652,472USD per tonne: $5461.3%Sea
Japan0.06Tonnes: 107,694USD per tonne: $5750.23%Sea
Canada0.04Tonnes: 70,667USD per tonne: $6280.17%Sea
Peru0.03Tonnes: 56,725USD per tonne: $5550.12%Sea
Guatemala< 0.01Tonnes: 0USD per tonne: $7,9000%Land

Trend

Who it sells to

The United States was its main destination throughout the period

Value in USD billions. The five largest destinations in 2024.

  • United States 12.5
  • Taiwan 4.4
  • Spain 4.3
  • South Korea 2
  • India 1.7

Source: CEPII BACI

Show the numbers
Partner19952024
United States5.612.5
Taiwan04.4
Spain0.614.3
South Korea02
India01.7

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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