Mexico’s 4 main export sectors

Mexico‘s four main export sectors are oil, agriculture, non-oil extractive and manufacturing.

From January to July 2023, Mexico exported goods for a value of 339,518.9 million dollars, which represents an increase of 3.8% year-on-year.

Oil exports fell 24.2% at an interannual rate in the first seven months of the current year, to 18,491.5 billion dollars, and agricultural sales rose 3.2%, to 13,651.0 billion dollars.

In turn, foreign non-oil extractive sales totaled 5,580.5 million dollars, an increase of 3.9%, and manufacturing exports increased 6.2%, to 301,795.9 million.

According to the U.S. Congress, U.S.-Mexico relations are likely to be tested in 2023 by strained security and energy relations and U.S. concerns about human rights, the weakening of Mexican democratic institutions, and the growing role of the military in Mexico’s economy and society.

Most experts argue that the best way for both countries to address these challenges is to continue to work together and with Canada to ensure the best possible outcomes for North America.

Export Sectors

A series of high-level meetings in 2022 and so far in 2023 have kept dialogue open between the administrations of Presidents Joe Biden and Andres Manuel Lopez Obrador.

However, harsh U.S. congressional criticism of Mexico’s inability to address fentanyl trafficking and Mexican criticism of U.S. intervention, violations of Mexican sovereignty and growing U.S. demand for drugs have led to new tensions.

In addition, bilateral cooperation may falter when both countries hold presidential elections in 2024.

Congress is likely to maintain a significant interest in Mexico, with trade, security, drug policy, migration, health, and environmental issues as likely areas of funding and oversight efforts.

Of Mexico’s total manufacturing exports in the first seven months of this year, $105,354.6 million dollars were automotive, up 17% year-over-year, and $196,441.3 million dollars were non-automotive, up 1.2%.