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Trade between Mexico and Thailand

In 2024, Mexico exported $1.2 billion to Thailand and imported $9 billion. Mexico ran a deficit of $7.9 billion with Thailand, compared with a deficit of $4.8 billion in 2019. Thailand was Mexico’s 13th largest trading partner (0.9% of its trade), and Mexico was Thailand’s 16th (2%).

Summary

Mexico → Thailand
$1.2billion
Thailand → Mexico
$9billion
Mexico’s balance
-$7.9billion

Balance

Mexico’s trade balance with Thailand

Trade between Mexico and Thailand grew 31.8-fold since 1995

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

  • Exports 1.2
  • Imports 9
  • Balance -7.9

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$183 million$138 million$45 million
1996$160 million$176 million-$16 million
1997$206 million$221 million-$15 million
1998$130 million$351 million-$221 million
1999$155 million$388 million-$233 million
2000$128 million$420 million-$292 million
2001$130 million$653 million-$523 million
2002$148 million$896 million-$748 million
2003$170 million$973 million-$802 million
2004$157 million$1.1 billion-$956 million
2005$194 million$1.5 billion-$1.3 billion
2006$242 million$1.7 billion-$1.5 billion
2007$316 million$1.8 billion-$1.5 billion
2008$313 million$2.1 billion-$1.8 billion
2009$211 million$1.9 billion-$1.7 billion
2010$397 million$2.5 billion-$2.1 billion
2011$584 million$2.9 billion-$2.3 billion
2012$606 million$3.5 billion-$2.9 billion
2013$737 million$4.1 billion-$3.4 billion
2014$558 million$3 billion-$2.4 billion
2015$530 million$4.6 billion-$4 billion
2016$592 million$5 billion-$4.4 billion
2017$820 million$5.3 billion-$4.5 billion
2018$678 million$5.9 billion-$5.2 billion
2019$779 million$5.6 billion-$4.8 billion
2020$742 million$4.8 billion-$4.1 billion
2021$767 million$5.4 billion-$4.6 billion
2022$883 million$6.5 billion-$5.6 billion
2023$977 million$6.2 billion-$5.2 billion
2024$1.2 billion$9 billion-$7.9 billion

What they sell each other

What Mexico sells to Thailand

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

  1. Computers$184 million · 15.7%
    76 tonnes · Mexico’s destinations
  2. Auto parts$76 million · 6.5%
    5 thousand tonnes · Mexico’s destinations
  3. Microphones and speakers$71 million · 6.1%
    393 tonnes
  4. Capacitors$55 million · 4.7%
    106 tonnes
  5. 192 tonnes · Mexico’s destinations
  6. Other electrical devices$50 million · 4.3%
    159 tonnes
  7. 83 tonnes
  8. 379 tonnes
  9. Gold$35 million · 3%
    1 tonne · Mexico’s destinations
  10. Optical fibers and lenses$32 million · 2.8%
    360 tonnes

What Thailand sells to Mexico

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

  1. 9 thousand tonnes
  2. Microchips$698 million · 7.7%
    183 tonnes · Thailand’s destinations
  3. 2 thousand tonnes
  4. Cars$564 million · 6.2%
    57 thousand tonnes · Thailand’s destinations
  5. 8 thousand tonnes
  6. Auto parts$316 million · 3.5%
    28 thousand tonnes · Thailand’s destinations
  7. Trucks$229 million · 2.5%
    38 thousand tonnes · Thailand’s destinations
  8. Computers$168 million · 1.9%
    657 tonnes · Thailand’s destinations
  9. Jewelry$148 million · 1.6%
    91 tonnes · Thailand’s destinations
  10. Phones and telecom equipment$139 million · 1.5%
    196 tonnes

How it travels

Estimated sea route from Manzanillo to Laem Chabang.

The estimated sea route between Manzanillo and Laem Chabang is 9,177 nautical miles (16,997 km) long: ≈ 21–27.5 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$3.3 billion · 32.2%
  2. Air$6.9 billion · 67.8%

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

How much each matters to the other

Thailand was Mexico’s 13th largest trading partner (0.9% of its trade), and Mexico was Thailand’s 16th (2%).

Thailand in Mexico’s trade
0.9%
Thailand’s rank among Mexico’s partners
13th
Mexico in Thailand’s trade
1.6%
Mexico’s rank among Thailand’s partners
16th

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.