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Trade between Italy and Mexico

In 2024, Italy exported $7.9 billion to Mexico and imported $1.6 billion. Italy ran a surplus of $6.4 billion with Mexico, compared with a surplus of $4.1 billion in 2019. Mexico was Italy’s 30th largest trading partner (0.8% of its trade), and Italy was Mexico’s 14th (0.8%).

Summary

Italy → Mexico
$7.9billion
Mexico → Italy
$1.6billion
Italy’s balance
$6.4billion

Balance

Italy’s trade balance with Mexico

Trade between Italy and Mexico grew 8.2-fold since 1995

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

  • Exports 7.9
  • Imports 1.6
  • Balance +6.4

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$794 million$367 million$427 million
1996$1 billion$280 million$766 million
1997$1.5 billion$366 million$1.2 billion
1998$1.7 billion$242 million$1.4 billion
1999$1.7 billion$253 million$1.5 billion
2000$2 billion$336 million$1.6 billion
2001$2.1 billion$287 million$1.8 billion
2002$2.1 billion$254 million$1.9 billion
2003$2.5 billion$364 million$2.1 billion
2004$2.7 billion$382 million$2.3 billion
2005$3.4 billion$354 million$3 billion
2006$3.9 billion$385 million$3.5 billion
2007$5.2 billion$603 million$4.6 billion
2008$4.9 billion$887 million$4 billion
2009$3 billion$695 million$2.3 billion
2010$3.8 billion$848 million$2.9 billion
2011$4.7 billion$1.3 billion$3.4 billion
2012$5.2 billion$1.4 billion$3.9 billion
2013$5.3 billion$1.4 billion$3.9 billion
2014$4.6 billion$1.6 billion$3.1 billion
2015$4.7 billion$1.4 billion$3.4 billion
2016$4.9 billion$1.2 billion$3.8 billion
2017$5.7 billion$1.1 billion$4.6 billion
2018$6.1 billion$1.1 billion$5 billion
2019$5.4 billion$1.2 billion$4.1 billion
2020$4.3 billion$1.2 billion$3.1 billion
2021$5.1 billion$1.2 billion$3.8 billion
2022$6.5 billion$1.2 billion$5.3 billion
2023$7.6 billion$1.3 billion$6.4 billion
2024$7.9 billion$1.6 billion$6.4 billion

What they sell each other

What Italy sells to Mexico

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

  1. Auto parts$646 million · 8.2%
    80 thousand tonnes · Italy’s destinations
  2. Dishwashers and packing machines$315 million · 4%
    6 thousand tonnes
  3. Medicines in measured doses or retail packs$267 million · 3.4%
    3 thousand tonnes · Italy’s destinations
  4. Other industrial machines$257 million · 3.3%
    6 thousand tonnes
  5. Jewelry$249 million · 3.1%
    21 tonnes · Italy’s destinations
  6. Eyeglasses and sunglasses$198 million · 2.5%
    662 tonnes
  7. Plastic and rubber processing machines$177 million · 2.2%
    7 thousand tonnes
  8. Spark-ignition engines$150 million · 1.9%
    9 thousand tonnes
  9. Low-voltage switches and connectors$140 million · 1.8%
    2 thousand tonnes
  10. Water heaters and industrial dryers$124 million · 1.6%
    4 thousand tonnes

What Mexico sells to Italy

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

  1. Crude petroleum$357 million · 22.8%
    652 thousand tonnes · Mexico’s destinations
  2. Gold$202 million · 12.9%
    5 tonnes · Mexico’s destinations
  3. Engine parts$86 million · 5.5%
    6 thousand tonnes
  4. Cameras and broadcast equipment$61 million · 3.9%
    169 tonnes
  5. Polycarboxylic acids$56 million · 3.6%
    67 thousand tonnes
  6. Computer and office machine parts$54 million · 3.5%
    75 tonnes
  7. Feldspar and fluorspar$50 million · 3.2%
    127 thousand tonnes
  8. Copper pipes$46 million · 3%
    5 thousand tonnes
  9. Spirits$41 million · 2.7%
    4 thousand tonnes
  10. Computers$40 million · 2.6%
    68 tonnes · Mexico’s destinations

How it travels

Estimated sea route from Genoa to Manzanillo.

The estimated sea route between Genoa and Manzanillo is 7,203 nautical miles (13,340 km) long: ≈ 16.5–21.5 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Gibraltar and 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$6.3 billion · 66.5%
  2. Air$3.2 billion · 33.5%

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

How much each matters to the other

Mexico was Italy’s 30th largest trading partner (0.8% of its trade), and Italy was Mexico’s 14th (0.8%).

Mexico in Italy’s trade
0.8%
Mexico’s rank among Italy’s partners
30th
Italy in Mexico’s trade
0.8%
Italy’s rank among Mexico’s partners
14th

Compare with

Other partners of Italy

Other partners of Mexico

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.