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Who buys Mexico’s steel? Export destinations 2024

In 2024, Mexico exported $2.9 billion of steel (2.7 million tonnes), 0.8% of the world total. The United States bought 94% of the total, followed by Guatemala (2%) and Canada (1%). Mexico was the world’s 26th-largest exporter of steel.

Summary

Value
$2.9billion
Tonnes
2.7million tonnes
Share of world total
0.8%
World rank
26th
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 States2.8Tonnes: 2,550,604USD per tonne: $1,08293.9%Sea
Guatemala0.07Tonnes: 78,115USD per tonne: $9032.4%Sea
Canada0.04Tonnes: 30,104USD per tonne: $1,2421.3%Sea
Honduras0.01Tonnes: 13,446USD per tonne: $1,0180.47%Sea
Costa Rica0.01Tonnes: 4,077USD per tonne: $1,8720.26%Sea
Peru0.01Tonnes: 6,369USD per tonne: $9260.2%Sea
Dominican Republic0.01Tonnes: 7,720USD per tonne: $6960.18%Sea
Belize< 0.01Tonnes: 2,694USD per tonne: $1,4850.14%Land
El Salvador< 0.01Tonnes: 2,944USD per tonne: $1,2910.13%Sea
Argentina< 0.01Tonnes: 1,855USD per tonne: $1,9460.13%Sea
Nicaragua< 0.01Tonnes: 2,591USD per tonne: $1,3390.12%Sea
Israel< 0.01Tonnes: 1,096USD per tonne: $2,6570.1%Sea
Pakistan< 0.01Tonnes: 2,050USD per tonne: $1,1960.08%Sea
Colombia< 0.01Tonnes: 971USD per tonne: $2,4770.08%Sea
Chile< 0.01Tonnes: 867USD per tonne: $2,1900.06%Sea
Brazil< 0.01Tonnes: 365USD per tonne: $4,2980.05%Sea
China< 0.01Tonnes: 506USD per tonne: $2,7480.05%Sea
Germany< 0.01Tonnes: 674USD per tonne: $1,9920.05%Sea
Italy< 0.01Tonnes: 451USD per tonne: $2,6210.04%Sea
South Korea< 0.01Tonnes: 606USD per tonne: $1,7360.04%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 2.8
  • Guatemala 0.07
  • Canada 0.04
  • Honduras 0.01
  • Costa Rica 0.01

Source: CEPII BACI

Show the numbers
Partner19952024
United States0.982.8
Guatemala0.040.07
Canada0.060.04
Honduras0.010.01
Costa Rica0.020.01

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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