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Trade between Mexico and Vietnam

In 2024, Mexico exported $180 million to Vietnam and imported $13.2 billion. Mexico ran a deficit of $13 billion with Vietnam, compared with a deficit of $4.8 billion in 2019. Vietnam was Mexico’s 9th largest trading partner (1% of its trade), and Mexico was Vietnam’s 14th (2%).

Summary

Mexico → Vietnam
$180million
Vietnam → Mexico
$13.2billion
Mexico’s balance
-$13billion

Balance

Mexico’s trade balance with Vietnam

Trade between Mexico and Vietnam grew 1,656.8-fold since 1995

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

  • Exports 0.2
  • Imports 13.2
  • Balance -13

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$194 thousand$8 million-$8 million
1996$2 million$12 million-$10 million
1997$2 million$19 million-$17 million
1998$7 million$42 million-$35 million
1999$571 thousand$29 million-$29 million
2000$3 million$45 million-$42 million
2001$9 million$72 million-$63 million
2002$9 million$123 million-$114 million
2003$14 million$129 million-$115 million
2004$14 million$197 million-$183 million
2005$10 million$268 million-$258 million
2006$29 million$373 million-$344 million
2007$79 million$450 million-$371 million
2008$74 million$630 million-$556 million
2009$173 million$611 million-$438 million
2010$129 million$790 million-$661 million
2011$112 million$929 million-$817 million
2012$127 million$1 billion-$921 million
2013$160 million$1.4 billion-$1.3 billion
2014$318 million$1.6 billion-$1.3 billion
2015$476 million$2.2 billion-$1.8 billion
2016$491 million$3.5 billion-$3 billion
2017$856 million$4.1 billion-$3.2 billion
2018$1.2 billion$4 billion-$2.8 billion
2019$669 million$5.5 billion-$4.8 billion
2020$533 million$5.6 billion-$5 billion
2021$443 million$7.3 billion-$6.9 billion
2022$476 million$7.4 billion-$6.9 billion
2023$769 million$9.1 billion-$8.3 billion
2024$180 million$13.2 billion-$13 billion

What they sell each other

What Mexico sells to Vietnam

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

  1. Microchips$69 million · 38.1%
    Mexico’s destinations
  2. 100 tonnes
  3. Tanned cattle hides$16 million · 9%
    11 thousand tonnes
  4. Phones and telecom equipment$14 million · 7.9%
  5. 18 tonnes
  6. 81 tonnes
  7. Raw cotton$4 million · 2.5%
    2 thousand tonnes · Vietnam’s sources
  8. 52 tonnes
  9. Capacitors$4 million · 2.3%
    18 tonnes
  10. Other measuring instruments$4 million · 2.1%
    14 tonnes

What Vietnam sells to Mexico

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

  1. Microchips$2.4 billion · 18.3%
    58 tonnes · Vietnam’s destinations
  2. 14 thousand tonnes
  3. Cameras and broadcast equipment$1.6 billion · 12.1%
    3 thousand tonnes
  4. Computers$787 million · 6%
    3 thousand tonnes · Vietnam’s destinations
  5. Microphones and speakers$307 million · 2.3%
    5 thousand tonnes
  6. Textile footwear$294 million · 2.2%
    6 thousand tonnes
  7. Parts for broadcast equipment$284 million · 2.2%
    260 tonnes
  8. Auto parts$268 million · 2%
    18 thousand tonnes · Vietnam’s destinations
  9. Coated flat steel$266 million · 2%
    273 thousand tonnes
  10. 15 thousand tonnes

How it travels

Estimated sea route from Manzanillo to Phu My.

The estimated sea route between Manzanillo and Phu My is 8,635 nautical miles (15,992 km) long: ≈ 20–25.5 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$5.1 billion · 38%
  2. Air$8.3 billion · 62%

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

How much each matters to the other

Vietnam was Mexico’s 9th largest trading partner (1% of its trade), and Mexico was Vietnam’s 14th (2%).

Vietnam in Mexico’s trade
1.1%
Vietnam’s rank among Mexico’s partners
9th
Mexico in Vietnam’s trade
1.5%
Mexico’s rank among Vietnam’s partners
14th

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.