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Where does Mexico get its steel? Import sources 2024

In 2024, Mexico imported $13.4 billion of steel (11.7 million tonnes), 3.9% of the world total. Its main sources were the United States (45%), Japan (14%) and South Korea (10%). Mexico was the world’s 4th-largest importer of steel.

Summary

Value
$13.4billion
Tonnes
11.7million tonnes
Share of world total
3.9%
World rank
4th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United States6Tonnes: 3,919,034USD per tonne: $1,53244.7%Land
Japan1.9Tonnes: 1,763,759USD per tonne: $1,08014.2%Sea
South Korea1.4Tonnes: 1,799,370USD per tonne: $76710.3%Sea
China0.88Tonnes: 771,762USD per tonne: $1,1366.5%Sea
Vietnam0.5Tonnes: 618,273USD per tonne: $8153.8%Sea
Canada0.36Tonnes: 307,098USD per tonne: $1,1702.7%Sea
Germany0.32Tonnes: 286,043USD per tonne: $1,1052.4%Sea
Brazil0.27Tonnes: 381,958USD per tonne: $7102%Sea
Italy0.18Tonnes: 117,139USD per tonne: $1,5491.4%Sea
Indonesia0.16Tonnes: 300,508USD per tonne: $5211.2%Sea
Malaysia0.16Tonnes: 232,374USD per tonne: $6711.2%Sea
Netherlands re-exports0.14Tonnes: 152,840USD per tonne: $9271.1%Sea
Spain0.13Tonnes: 113,269USD per tonne: $1,1780.99%Sea
Taiwan0.13Tonnes: 106,736USD per tonne: $1,1740.93%Sea
Austria0.12Tonnes: 91,460USD per tonne: $1,3330.91%Sea
India0.12Tonnes: 53,541USD per tonne: $2,2600.9%Sea
France0.1Tonnes: 65,227USD per tonne: $1,5090.73%Sea
Australia0.09Tonnes: 141,308USD per tonne: $6720.71%Sea
Luxembourg0.09Tonnes: 111,351USD per tonne: $8520.71%Sea
Sweden0.09Tonnes: 77,224USD per tonne: $1,2010.69%Sea

Trend

Who it buys from

The United States was its main source throughout the period

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

  • United States 6
  • Japan 1.9
  • South Korea 1.4
  • China 0.88
  • Vietnam 0.5

Source: CEPII BACI

Show the numbers
Partner19952024
United States0.746
Japan0.131.9
South Korea0.021.4
China< 0.010.88
Vietnam00.5

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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