Mexico: Trade openness

* indicates monthly or quarterly data series
 Mexico

Trade openness: exports plus imports as percent of GDP

 Latest value 73.16
 Year 2023
 Measure percent
 Data availability 1960 - 2023
 Average 40.25
 Min - Max 15.88 - 88.39
 Source The World Bank
The latest value from 2023 is 73.16 percent, a decline from 88.39 percent in 2022. In comparison, the world average is 95.00 percent, based on data from 154 countries. Historically, the average for Mexico from 1960 to 2023 is 40.25 percent. The minimum value, 15.88 percent, was reached in 1967 while the maximum of 88.39 percent was recorded in 2022. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
Mexico - Trade openness - Recent values chart

Historical series
Mexico - Trade openness - historical chart - 1960-2023




Definition: Exports plus imports as percent of GDP.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 96.79 2021 percent
 Trade openness 73.16 2023 percent
 Financial openness 1.034 2021 index points
 Exports, percent of GDP 36.20 2023 percent
 Exports, billion dollars 643.75 2023 billion U.S. dollars
 Growth of exports -6.94 2023 percent
 Imports, percent of GDP 37.92 2023 percent
 Imports, billion dollars 665.12 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.69 2023 percent
 Foreign Direct Investment, billion dollars 30.20 2023 billion U.S. dollars
 Portfolio investment inflows, equities -5,162.48 2023 million dollars (current)
 Current account, percent of GDP -0.31 2023 percent
 Current account, in dollars -5.48 2023 billion U.S. dollars
 Trade balance, percent of GDP -1.72 2023 percent
 Trade balance, in dollars -24.97 2023 billion U.S. dollars
 Reserves 214.32 2023 billion U.S. dollars
 Remittances, percent of GDP 3.70 2023 percent
 Remittances 66,238.95 2023 million U.S. dollars
 Net errors and omissions -2,362.91 2023 million USD
 External debt 41.92 2022 percent
 Short-term external debt 10.09 2023 percent
 Short-term debt to reserves 28.06 2023 percent
 Foreign exchange reserves 228.99 12/2024 billion
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