Summary
- Mexico → South Korea
- $7.4billion
- South Korea → Mexico
- $19.3billion
- Mexico’s balance
- -$11.9billion
Balance
Mexico’s trade balance with South Korea
Trade between Mexico and South Korea grew 21.5-fold since 1995
USD billions (current). Mexico’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 7.4
- Imports 19.3
- Balance -11.9
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $360 million | $880 million | -$520 million |
| 1996 | $518 million | $1.2 billion | -$693 million |
| 1997 | $353 million | $1.6 billion | -$1.3 billion |
| 1998 | $195 million | $1.7 billion | -$1.5 billion |
| 1999 | $310 million | $2.6 billion | -$2.3 billion |
| 2000 | $517 million | $3.5 billion | -$3 billion |
| 2001 | $352 million | $3.4 billion | -$3.1 billion |
| 2002 | $317 million | $3.8 billion | -$3.5 billion |
| 2003 | $349 million | $4.1 billion | -$3.7 billion |
| 2004 | $419 million | $4.7 billion | -$4.3 billion |
| 2005 | $455 million | $6.2 billion | -$5.7 billion |
| 2006 | $772 million | $10 billion | -$9.2 billion |
| 2007 | $1 billion | $11.2 billion | -$10.2 billion |
| 2008 | $956 million | $12.6 billion | -$11.6 billion |
| 2009 | $885 million | $9.6 billion | -$8.7 billion |
| 2010 | $1.6 billion | $11 billion | -$9.5 billion |
| 2011 | $2.3 billion | $13.2 billion | -$10.9 billion |
| 2012 | $2.6 billion | $13.5 billion | -$10.9 billion |
| 2013 | $2.2 billion | $14.1 billion | -$11.9 billion |
| 2014 | $3.1 billion | $13.3 billion | -$10.2 billion |
| 2015 | $3.2 billion | $14.2 billion | -$11 billion |
| 2016 | $3.4 billion | $13.1 billion | -$9.7 billion |
| 2017 | $4.2 billion | $14.7 billion | -$10.5 billion |
| 2018 | $5.1 billion | $15.3 billion | -$10.2 billion |
| 2019 | $6.1 billion | $16.2 billion | -$10.1 billion |
| 2020 | $6.3 billion | $12.8 billion | -$6.5 billion |
| 2021 | $7.7 billion | $12.8 billion | -$5.1 billion |
| 2022 | $8.5 billion | $17.6 billion | -$9.1 billion |
| 2023 | $7.4 billion | $16.5 billion | -$9.1 billion |
| 2024 | $7.4 billion | $19.3 billion | -$11.9 billion |
What they sell each other
What Mexico sells to South Korea
The top 10 headings in 2024, with their share of the total.
What South Korea sells to Mexico
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Manzanillo and Busan is 6,661 nautical miles (12,335 km) long: ≈ 15.5–20 days at sea (at 18 and 14 knots).
It does not cross any major canal or strait.
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
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
South Korea was Mexico’s 5th largest trading partner (2% of its trade), and Mexico was South Korea’s 12th (2%).
- South Korea in Mexico’s trade
- 2.2%
- South Korea’s rank among Mexico’s partners
- 5th
- Mexico in South Korea’s trade
- 1.9%
- Mexico’s rank among South Korea’s partners
- 12th
Compare with
Other partners of Mexico
Other partners of South Korea
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
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.