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Trade between Mexico and Taiwan

In 2024, Mexico exported $7.1 billion to Taiwan and imported $15.6 billion. Mexico ran a deficit of $8.5 billion with Taiwan, compared with a deficit of $1.4 billion in 2019. Taiwan was Mexico’s 6th largest trading partner (2% of its trade), and Mexico was Taiwan’s 10th (2%).

Summary

Mexico → Taiwan
$7.1billion
Taiwan → Mexico
$15.6billion
Mexico’s balance
-$8.5billion

Balance

Mexico’s trade balance with Taiwan

Trade between Mexico and Taiwan grew 30.5-fold since 1995

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

  • Exports 7.1
  • Imports 15.6
  • Balance -8.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$44 million$700 million-$656 million
1996$110 million$834 million-$724 million
1997$255 million$1 billion-$792 million
1998$242 million$1.3 billion-$1 billion
1999$460 million$1.4 billion-$925 million
2000$587 million$1.8 billion-$1.2 billion
2001$424 million$2.9 billion-$2.4 billion
2002$422 million$4 billion-$3.6 billion
2003$357 million$2.4 billion-$2.1 billion
2004$467 million$3 billion-$2.5 billion
2005$374 million$3.9 billion-$3.5 billion
2006$692 million$4.8 billion-$4.1 billion
2007$606 million$4.9 billion-$4.3 billion
2008$603 million$6.9 billion-$6.2 billion
2009$354 million$4.1 billion-$3.7 billion
2010$639 million$5.2 billion-$4.6 billion
2011$698 million$5.3 billion-$4.6 billion
2012$641 million$5.7 billion-$5 billion
2013$796 million$6.1 billion-$5.3 billion
2014$686 million$5.4 billion-$4.7 billion
2015$555 million$5.5 billion-$5 billion
2016$852 million$4.5 billion-$3.6 billion
2017$800 million$6.4 billion-$5.6 billion
2018$2.2 billion$7.6 billion-$5.5 billion
2019$7.1 billion$8.4 billion-$1.4 billion
2020$4.9 billion$7.9 billion-$2.9 billion
2021$8.7 billion$9.9 billion-$1.2 billion
2022$8.4 billion$12.6 billion-$4.1 billion
2023$5.8 billion$9.9 billion-$4.1 billion
2024$7.1 billion$15.6 billion-$8.5 billion

What they sell each other

What Mexico sells to Taiwan

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

  1. Crude petroleum$4.4 billion · 61.7%
    7.9 million tonnes · Mexico’s destinations
  2. Computers$1.3 billion · 18.9%
    329 tonnes · Mexico’s destinations
  3. Microchips$196 million · 2.8%
    100 tonnes · Mexico’s destinations
  4. Cars$196 million · 2.8%
    9 thousand tonnes · Mexico’s destinations
  5. 1 thousand tonnes
  6. Medical and dental instruments$100 million · 1.4%
    443 tonnes · Mexico’s destinations
  7. Other industrial machines$54 million · 0.76%
    142 tonnes
  8. Orthopedic and hearing devices$48 million · 0.68%
    34 tonnes
  9. 31 tonnes
  10. Copper ore$34 million · 0.47%
    15 thousand tonnes · Mexico’s destinations

What Taiwan sells to Mexico

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

  1. Microchips$4.8 billion · 30.7%
    818 tonnes · Taiwan’s destinations
  2. 28 thousand tonnes
  3. 5 thousand tonnes
  4. Computers$853 million · 5.5%
    2 thousand tonnes · Taiwan’s destinations
  5. Discs and storage media$473 million · 3%
    866 tonnes
  6. Screws, bolts and nuts$337 million · 2.2%
    78 thousand tonnes
  7. Auto parts$181 million · 1.2%
    14 thousand tonnes · Taiwan’s destinations
  8. 2 thousand tonnes
  9. 5 thousand tonnes
  10. Parts for broadcast equipment$148 million · 0.95%
    2 thousand tonnes

How it travels

Estimated sea route from Manzanillo to Kaohsiung.

The estimated sea route between Manzanillo and Kaohsiung is 7,568 nautical miles (14,017 km) long: ≈ 17.5–22.5 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

  1. Sea$7.5 billion · 33.2%
  2. Air$15.2 billion · 66.8%

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

How much each matters to the other

Taiwan was Mexico’s 6th largest trading partner (2% of its trade), and Mexico was Taiwan’s 10th (2%).

Taiwan in Mexico’s trade
1.9%
Taiwan’s rank among Mexico’s partners
6th
Mexico in Taiwan’s trade
2.4%
Mexico’s rank among Taiwan’s partners
10th

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.