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Trade between Brazil and Mexico

In 2024, Brazil exported $7.8 billion to Mexico and imported $5.9 billion. Brazil ran a surplus of $1.9 billion with Mexico, compared with a deficit of $86 million in 2019. Mexico was Brazil’s 7th largest trading partner (2% of its trade), and Brazil was Mexico’s 8th (1%).

Summary

Brazil → Mexico
$7.8billion
Mexico → Brazil
$5.9billion
Brazil’s balance
$1.9billion

Balance

Brazil’s trade balance with Mexico

Trade between Brazil and Mexico grew 9.4-fold since 1995

USD billions (current). Brazil’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 7.8
  • Imports 5.9
  • Balance +1.9

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$589 million$881 million-$293 million
1996$773 million$1.1 billion-$293 million
1997$945 million$1.3 billion-$344 million
1998$1.1 billion$1.1 billion$17 million
1999$1.2 billion$661 million$514 million
2000$1.8 billion$862 million$979 million
2001$2 billion$760 million$1.3 billion
2002$2.5 billion$642 million$1.9 billion
2003$3 billion$582 million$2.4 billion
2004$4.1 billion$753 million$3.4 billion
2005$4.6 billion$908 million$3.7 billion
2006$5 billion$1.4 billion$3.5 billion
2007$5 billion$2.1 billion$2.9 billion
2008$4.8 billion$3.5 billion$1.3 billion
2009$3.1 billion$2.9 billion$193 million
2010$3.9 billion$4.1 billion-$123 million
2011$4.2 billion$5.4 billion-$1.2 billion
2012$4.2 billion$6.4 billion-$2.1 billion
2013$3.9 billion$6.1 billion-$2.2 billion
2014$3.8 billion$5.5 billion-$1.7 billion
2015$3.9 billion$4.5 billion-$640 million
2016$4 billion$3.6 billion$407 million
2017$4.8 billion$4.6 billion$198 million
2018$5 billion$5.5 billion-$485 million
2019$5.2 billion$5.3 billion-$86 million
2020$4.1 billion$4.1 billion$56 million
2021$5.5 billion$4.7 billion$786 million
2022$7.1 billion$5.5 billion$1.7 billion
2023$9.2 billion$5.7 billion$3.5 billion
2024$7.8 billion$5.9 billion$1.9 billion

What they sell each other

What Brazil sells to Mexico

The top 10 headings in 2024, with their share of the total.

  1. Cars$722 million · 9.2%
    68 thousand tonnes · Brazil’s destinations
  2. Soybeans$696 million · 8.9%
    1.5 million tonnes · Brazil’s destinations
  3. Poultry meat$545 million · 7%
    218 thousand tonnes · Brazil’s destinations
  4. Trucks$346 million · 4.4%
    45 thousand tonnes · Brazil’s destinations
  5. Coffee$269 million · 3.4%
    69 thousand tonnes · Brazil’s destinations
  6. Auto parts$255 million · 3.3%
    29 thousand tonnes · Brazil’s destinations
  7. Engine parts$253 million · 3.2%
    65 thousand tonnes
  8. Iron ore$228 million · 2.9%
    2.4 million tonnes · Brazil’s destinations
  9. Bulldozers and excavators$217 million · 2.8%
    23 thousand tonnes · Brazil’s destinations
  10. Semi-finished steel$185 million · 2.4%
    308 thousand tonnes

What Mexico sells to Brazil

The top 10 headings in 2024, with their share of the total.

  1. Auto parts$891 million · 15.1%
    62 thousand tonnes · Mexico’s destinations
  2. Cars$779 million · 13.2%
    52 thousand tonnes · Mexico’s destinations
  3. Trucks$268 million · 4.5%
    20 thousand tonnes · Mexico’s destinations
  4. Computers$178 million · 3%
    699 tonnes · Mexico’s destinations
  5. Control instruments$175 million · 3%
    2 thousand tonnes
  6. Vehicle lights and signals$170 million · 2.9%
    5 thousand tonnes
  7. Unwrought zinc$140 million · 2.4%
    47 thousand tonnes
  8. Yachts and pleasure boats$135 million · 2.3%
    5 thousand tonnes
  9. 2 thousand tonnes
  10. Medical and dental instruments$102 million · 1.7%
    1 thousand tonnes · Mexico’s destinations

How it travels

Estimated sea route from Santos to Manzanillo.

The estimated sea route between Santos and Manzanillo is 6,325 nautical miles (11,714 km) long: ≈ 14.5–19 days at sea (at 18 and 14 knots).

Passages it crosses: Panama Canal.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$11.7 billion · 85%
  2. Air$2.1 billion · 15%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Mexico was Brazil’s 7th largest trading partner (2% of its trade), and Brazil was Mexico’s 8th (1%).

Mexico in Brazil’s trade
2.2%
Mexico’s rank among Brazil’s partners
7th
Brazil in Mexico’s trade
1.2%
Brazil’s rank among Mexico’s partners
8th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.