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Who buys Mexico’s refined petroleum products? Export destinations 2024

In 2024, Mexico exported $4.9 billion of refined petroleum products (11.8 million tonnes), 0.6% of the world total. The United States bought 90% of the total, followed by Singapore (7%) and Panama (0.5%). Mexico was the world’s 33rd-largest exporter of refined petroleum products.

Summary

Value
$4.9billion
Tonnes
11.8million tonnes
Share of world total
0.6%
World rank
33rd
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United States4.4Tonnes: 10,920,229USD per tonne: $40689.6%Sea
Singapore re-exports0.33Tonnes: 689,795USD per tonne: $4756.6%Sea
Panama0.02Tonnes: 35,693USD per tonne: $6340.46%Sea
Colombia0.02Tonnes: 8,071USD per tonne: $2,3610.39%Sea
Guatemala0.02Tonnes: 10,873USD per tonne: $1,7430.38%Land
Netherlands re-exports0.02Tonnes: 41,845USD per tonne: $4340.37%Sea
Trinidad and Tobago0.02Tonnes: 20,954USD per tonne: $7540.32%Sea
Nicaragua0.01Tonnes: 4,530USD per tonne: $2,7300.25%Sea
Costa Rica0.01Tonnes: 4,681USD per tonne: $2,4550.23%Sea
El Salvador0.01Tonnes: 4,240USD per tonne: $2,5530.22%Sea
Dominican Republic0.01Tonnes: 12,433USD per tonne: $8470.21%Sea
Honduras0.01Tonnes: 3,660USD per tonne: $2,6550.2%Sea
Venezuela0.01Tonnes: 2,901USD per tonne: $2,5300.15%Sea
Bolivia0.01Tonnes: 2,954USD per tonne: $2,1140.13%Sea
Morocco0.01Tonnes: 11,652USD per tonne: $4860.11%Sea
Peru< 0.01Tonnes: 1,676USD per tonne: $2,2900.08%Sea
Brazil< 0.01Tonnes: 352USD per tonne: $5,1190.04%Sea
Canada< 0.01Tonnes: 284USD per tonne: $5,6200.03%Sea
Belize< 0.01Tonnes: 706USD per tonne: $2,2450.03%Land
Chile< 0.01Tonnes: 378USD per tonne: $3,9980.03%Sea

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 4.4
  • Singapore 0.33
  • Panama 0.02
  • Colombia 0.02
  • Guatemala 0.02

Source: CEPII BACI

Show the numbers
Partner19952024
United States0.294.4
Singapore0.010.33
Panama< 0.010.02
Colombia< 0.010.02
Guatemala< 0.010.02

Sources and methodology

Other products of this country

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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