The latest available country-level data indicate that Mexico’s exports to Japan reached USD 4.257 billion in 2024, representing an increase of approximately 9.5% compared to 2023. This growth was supported by shipments of coffee, tea and spices, as well as processed food products and beverages.
Mexico’s imports from Japan—primarily machinery, automotive products, and electronic equipment—totaled USD 19.248 billion in 2024, highlighting the continued strength of industrial trade flows between the two economies. As a result, bilateral trade remained characterized by a deficit for Mexico, which stood at approximately USD 14.991 billion, reflecting the significant weight of high value-added industrial goods imports.
Bilateral trade continues to be characterized by a trade deficit for Mexico, which reached approximately USD 14.991 billion in 2024, reflecting the weight of imports of high value-added industrial goods. These results reinforce Japan’s importance as a trading partner for Mexico, particularly in strategic sectors linked to global value chains.
The Mexico–Japan Economic Partnership Agreement, in force since 2005, has facilitated the strengthening of these ties, promoting the flow of goods and capital.
