Bilateral trade

 

The EU is Mexico's 3rd trading partner, after the United States ($ 576 billion) and China ($ 90.1 billion), and represents 8.2% of the country's total trade. In turn, Mexico is the 11th trading partner of the EU.

Since the entry into force of the Global Agreement, trade in goods between both Parties has grown more than 300%, going from USD 18.7 billion in 1999, the last year before the entry into force of the current Agreement, to 75.4 billion in 2019. In that year, exports reached 24.2 billion and imports reached 51.2 billion. Bilateral trade between Mexico and the EU increased at an Annual Average Growth Rate (AAGR) of 7.3% in the referred period.

 

Among the main export products from Mexico to the EU are machinery and household appliances (6.7 billion USD); transportation vehicles, mainly automobiles (6.5 billion); mineral products (4.1 billion); and optical and photographic instruments (3.5 billion). 71.2% of Mexican exports to the EU are manufactures.

With regards to agricultural products, the main export products to the EU (2018) are avocados ($ 131 million), coffee ($ 111 million), fruit juices ($ 105 million), lemons ($ 43 million), berries ($ 31 million) and canned fruits ($ 31 million). Also, beer exports were worth $203 million.

In turn, the main products that Mexico imports from the EU are machinery and electrical appliances, transport equipment, chemicals, metals and plastics.

 

1Source: http://ec.europa.eu/trade/policy/countries-and-regions/countries/mexico/