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Trade between Mexico and Singapore

In 2024, Mexico exported $4 billion to Singapore and imported $2.1 billion. Mexico ran a surplus of $1.9 billion with Singapore, compared with a surplus of $797 million in 2019. Singapore was Mexico’s 17th largest trading partner (0.5% of its trade), and Mexico was Singapore’s 24th (0.8%).

Summary

Mexico → Singapore
$4billion
Singapore → Mexico
$2.1billion
Mexico’s balance
$1.9billion

Balance

Mexico’s trade balance with Singapore

Trade between Mexico and Singapore grew 11.5-fold since 1995

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

  • Exports 4
  • Imports 2.1
  • Balance +1.9

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$239 million$293 million-$54 million
1996$321 million$378 million-$57 million
1997$454 million$367 million$88 million
1998$549 million$386 million$163 million
1999$656 million$479 million$177 million
2000$387 million$602 million-$215 million
2001$375 million$1.2 billion-$859 million
2002$340 million$1.6 billion-$1.2 billion
2003$303 million$1.3 billion-$1 billion
2004$476 million$2 billion-$1.5 billion
2005$510 million$2.2 billion-$1.7 billion
2006$428 million$1.9 billion-$1.5 billion
2007$535 million$1.8 billion-$1.2 billion
2008$725 million$2.2 billion-$1.5 billion
2009$631 million$1.7 billion-$1.1 billion
2010$1.2 billion$1.6 billion-$330 million
2011$1.7 billion$2.8 billion-$1.1 billion
2012$1.6 billion$1.7 billion-$63 million
2013$2.4 billion$1.4 billion$943 million
2014$2.7 billion$1.1 billion$1.6 billion
2015$1.8 billion$1.6 billion$132 million
2016$1.8 billion$1.3 billion$493 million
2017$1.9 billion$1.4 billion$501 million
2018$2.4 billion$1.7 billion$742 million
2019$2.6 billion$1.8 billion$797 million
2020$2.3 billion$1.8 billion$489 million
2021$2.4 billion$1.7 billion$764 million
2022$2.2 billion$1.9 billion$259 million
2023$2.5 billion$2 billion$484 million
2024$4 billion$2.1 billion$1.9 billion

What they sell each other

What Mexico sells to Singapore

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

  1. Computers$1.4 billion · 35.9%
    4 thousand tonnes · Mexico’s destinations
  2. Refined petroleum$328 million · 8.2%
    690 thousand tonnes · Mexico’s destinations
  3. Cameras and broadcast equipment$317 million · 7.9%
    765 tonnes
  4. Medical and dental instruments$262 million · 6.6%
    4 thousand tonnes · Mexico’s destinations
  5. Computer and office machine parts$196 million · 4.9%
    411 tonnes
  6. Turbojets and gas turbines$156 million · 3.9%
    45 tonnes · Mexico’s destinations
  7. Microchips$144 million · 3.6%
    72 tonnes · Mexico’s destinations
  8. Cars$58 million · 1.4%
    4 thousand tonnes · Mexico’s destinations
  9. Other pharmaceutical goods$55 million · 1.4%
    112 tonnes
  10. Control panels$42 million · 1.1%
    335 tonnes

What Singapore sells to Mexico

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

  1. Microchips$383 million · 17.9%
    146 tonnes · Singapore’s destinations
  2. Diodes, transistors and solar cells$345 million · 16.2%
    394 tonnes
  3. Discs and storage media$207 million · 9.7%
    235 tonnes
  4. Computer and office machine parts$145 million · 6.8%
    327 tonnes
  5. Orthopedic and hearing devices$103 million · 4.8%
    282 tonnes
  6. Turbojets and gas turbines$96 million · 4.5%
    48 tonnes · Singapore’s destinations
  7. Cameras and broadcast equipment$91 million · 4.3%
    251 tonnes
  8. Refined petroleum$70 million · 3.3%
    151 thousand tonnes · Singapore’s destinations
  9. Flow, level and pressure meters$67 million · 3.1%
    268 tonnes
  10. Capacitors$42 million · 2%
    212 tonnes

How it travels

Mexico and Singapore traded $6.1 billion in 2024 (both directions together). They trade mostly by air: 81% of the value travels by plane.

Split by transport mode

  1. Sea$1.2 billion · 18.8%
  2. Air$5 billion · 81.2%

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

How much each matters to the other

Singapore was Mexico’s 17th largest trading partner (0.5% of its trade), and Mexico was Singapore’s 24th (0.8%).

Singapore in Mexico’s trade
0.5%
Singapore’s rank among Mexico’s partners
17th
Mexico in Singapore’s trade
0.8%
Mexico’s rank among Singapore’s partners
24th

Compare with

Other partners of Mexico

Other partners of Singapore

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.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.