How does Mexico City imports and exports traded?

Mexico City is a major importer of goods from around the world. In 2021, the city imported over $110 billion worth of goods, making it the largest import market in Mexico. The top imports into Mexico City include:

- Machinery and equipment

- Vehicles

- Chemicals

- Plastics

- Iron and steel

The majority of Mexico City's imports come from China, the United States, Japan, Germany, and South Korea.

Exports

Mexico City is also a major exporter of goods. The city exported $80 billion worth of goods in 2021 making it 4th exporter and the 6th largest import/export market in Mexico.. The top exports from Mexico City include:

- Motor vehicles

- Computers and electronic products

- Machinery and equipment

- Chemicals

- Pharmaceuticals

Most of Mexico City's exports go to the United States, Canada, China, Brazil, and Germany.

Trade Balance

Mexico City has a trade deficit of over $30 billion, meaning that the city imports more goods than it exports. This deficit is largely due to Mexico City's reliance on imported machinery, equipment, and vehicles.

Trade Policy

Mexico City is subject to the trade policies of the Mexican government. Mexico's trade policies are generally liberal, and the country has a number of free trade agreements with other countries. These agreements have helped to increase Mexico's trade with other countries, including Mexico City.

Conclusion

Mexico City is a major importer and exporter of goods. The city imports a variety of goods, but the top imports include machinery and equipment, vehicles, chemicals, plastics, and iron and steel. The city's top exports include motor vehicles, computers and electronic products, machinery and equipment, chemicals, and pharmaceuticals. Mexico City's largest trading partners are the United States, China, Japan, Germany, and South Korea.