Mexico: Merchandise trade (% of GDP)
In , Mexico's Merchandise trade (% of GDP) was 67.93.
That's up 0.6% from 2023, the highest value since .
The global average for this indicator in 2024 was 64.89 . Mexico ranks #66 globally out of 197 reporting countries. Within Latin America & Caribbean, it ranks #7 of 36.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 82.08
- Trough
- 48.22
- 1-year change
- +0.6%
- 5-year change
- -4.5%
- -0.9% / yr
- 10-year change
- +14.7%
- +1.4% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 67.9324 | |
| 67.5343 | |
| 82.0774 | |
| 77.2769 | |
| 72.2928 | |
| 71.1385 | |
| 73.8317 | |
| 70.6808 | |
| 69.3622 | |
| 64.7684 |
About Merchandise trade (% of GDP)
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: TG.VAL.TOTL.GD.ZS • Category: Trade & Finance
Frequently asked questions
- What was Mexico's Merchandise trade (% of GDP) in 2024?
- In 2024, Mexico's Merchandise trade (% of GDP) was 67.93, according to World Bank Open Data.
- Is Mexico's Merchandise trade (% of GDP) rising or falling?
- Mexico's Merchandise trade (% of GDP) rose 0.6% from 2023 to 2024.
- How does Mexico rank globally on Merchandise trade (% of GDP)?
- In 2024, Mexico ranked #66 out of 197 countries reporting Merchandise trade (% of GDP).
- How does Mexico's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2024 was 64.89, so Mexico is above the world average. Within Latin America & Caribbean, it ranks #7 of 36.
- What is Merchandise trade (% of GDP) and how is it measured?
- General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS), CC BY 4.0.