Canadian trade and investment with Mexico is steadily growing, with over $41.7 billion in two-way merchandise trade in 2021. Mexico is Canada’s third largest single-country merchandise trading partner (after U.S. and China). Canada was Mexico’s sixth-largest merchandise trading partner in 2021.
How much does Mexico export to Canada?
| Mexico Exports to Canada | Value | Year |
|---|---|---|
| Residues, wastes of food industry, animal fodder | $23.61M | 2021 |
| Aircraft, spacecraft | $22.56M | 2021 |
| Coffee, tea, mate and spices | $22.29M | 2021 |
| Vegetable, fruit, nut food preparations | $18.85M | 2021 |
How much does Mexico import from Canada?
Imports from Canada in Mexico averaged 855928.09 USD THO from 2014 until 2022, reaching an all time high of 1208321.00 USD THO in March of 2022 and a record low of 325923.00 USD THO in May of 2020. This page includes a chart with historical data for Mexico Imports from Canada.
Who is Mexico’s #1 trading partner?
United States
Mexico top 5 Export and Import partners
| Market | Trade (US$ Mil) | Partner share(%) |
|---|---|---|
| United States | 330,434 | 79.24 |
| Unspecified | 12,264 | 2.94 |
| Canada | 11,139 | 2.67 |
| China | 7,788 | 1.87 |
Which country trades the most with Canada?
The United States
The United States is Canada’s chief trading partner, constituting more than two-thirds of all Canadian trade; exports account for a larger share of trade than imports.
What is Canada’s No 1 export?
List of exports of Canada
| # | Trade item | Value |
|---|---|---|
| 1 | Crude petroleum | 75,259 |
| 2 | Cars | 47,632 |
| 3 | Refined petroleum | 18,715 |
| 4 | Aircraft, helicopters and spacecraft | 7,322 |
What does Canada receive from Mexico?
Bilateral Trade by Products
In 2020, Mexico exported $16.1B to Canada. The main products exported from Mexico to Canada were Cars ($2.59B), Motor vehicles; parts and accessories (8701 to 8705) ($1.17B), and Delivery Trucks ($1.09B).
What is Canada’s main export to Mexico?
Agri-food makes up 24% of Canada’s exports to Mexico. Canada’s experience in infrastructure and public-private partnership projects is key in generating business opportunities in transport, electricity, water and hydrocarbons.
What is Mexico’s #1 import?
Electrical machinery
Currently, electrical machine importation makes up 40% of the country’s total imports annually.
What are Canada’s top 5 import countries?
Canada top 5 Export and Import partners
| Market | Trade (US$ Mil) | Partner share(%) |
|---|---|---|
| United States | 284,478 | 73.25 |
| China | 18,861 | 4.86 |
| United Kingdom | 14,855 | 3.83 |
| Japan | 9,244 | 2.38 |
How much is Mexico in debt?
Mexico External Debt 1970-2022
| Mexico External Debt – Historical Data | ||
|---|---|---|
| Year | Current US $ | Annual % Change |
| 2020 | $467,511,920,766 | -1.03% |
| 2019 | $472,378,122,351 | 3.63% |
| 2018 | $455,828,098,482 | 2.63% |
Where does Mexico get its money?
Today, Mexico has a large, diversified, and strong economy with its oil sector, remittances from the United States, exports, agriculture, mining, tourism, and industrial activity playing the most significant roles in its growth.
What is Mexico’s biggest export?
Mexico’s main exports are manufactured products (89 percent of total shipments) and oil and oil products (6 percent). Among manufactured products, metallic, machinery and equipment is the major category (69 percent) and automobiles account for around 31 percent of total sales.
Who is Canada’s closest trading partner?
Canada and the United States signed the Free Trade Agreement in 1988 (which was expanded into NAFTA by the addition of Mexico in 1994). Since that time the United States has dominated Canadian trade by an overwhelming degree.
Does Mexico have a trade deficit with Canada?
Canadian trade and investment with Mexico is steadily growing, with over $41.7 billion in two-way merchandise trade in 2021. Mexico is Canada’s third largest single-country merchandise trading partner (after U.S. and China). Canada was Mexico’s sixth-largest merchandise trading partner in 2021.
Which is a top 3 source country for Canadian immigrants?
The latest data from Statistics Canada shows the largest number of immigrants are arriving from India, the Philippines (11.4 per cent), China (8.9 per cent) and Syria (4.8 per cent) – in that order. Newcomers from Asia make up 62 per cent of immigrants in the census data collected from 2021.
What does Canada sell to Russia?
Canada’s top imports from Russia are fertilizers, crude oil, and various metals and minerals. Canada’s top exports to Russia are industrial machinery and aircrafts.
What is Canada’s most profitable export?
The 10 Biggest Exporting Industries in Canada
- Petroleum Refining in Canada.
- Aircraft, Engine & Parts Manufacturing in Canada.
- Copper, Zinc & Lead Refining in Canada.
- Mineral & Phosphate Mining in Canada.
- Car & Automobile Manufacturing in Canada.
- Meat, Beef & Poultry Processing in Canada.
- Aluminum Manufacturing in Canada.
Is Canada Number 1 in the world?
Canada has ranked number one overall according to the 2021 “Best Countries in the World” US News report. Canada also earned the top spot in “Quality of Life” and “Social Purpose.”
How many Canadians go to Mexico?
More than 1.9 million Canadians travel to Mexico every year, according to the Global Affairs website, and the “vast majority” do not have any safety problems.
What food does Mexico export to Canada?
Although Canada is Mexico’s number one trading partner for commodities such as canola products, maple sugar and syrup, oat and lobster products, active yeast, and mustard and canary seed. Canada also has opportunity to compete with top suppliers within the beef, wheat, pulses, and bakery product sectors.