Mexico: Trade (% of GDP)
In , Mexico's Trade (% of GDP) was 74.59.
That's up 1.4% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Mexico ranks #90 globally out of 160 reporting countries. Within Latin America & Caribbean, it ranks #11 of 24.
Source: World Bank Open Data (NE.TRD.GNFS.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
- 88.80
- Trough
- 52.56
- 1-year change
- +1.4%
- 5-year change
- -3.7%
- -0.8% / yr
- 10-year change
- +16.4%
- +1.5% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 74.5889 | |
| 73.5789 | |
| 88.7985 | |
| 83.0693 | |
| 76.8546 | |
| 77.4620 | |
| 80.2127 | |
| 76.9521 | |
| 75.6903 | |
| 70.4130 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Mexico's Trade (% of GDP) in 2024?
- In 2024, Mexico's Trade (% of GDP) was 74.59, according to World Bank Open Data.
- Is Mexico's Trade (% of GDP) rising or falling?
- Mexico's Trade (% of GDP) rose 1.4% from 2023 to 2024.
- How does Mexico rank globally on Trade (% of GDP)?
- In 2024, Mexico ranked #90 out of 160 countries reporting Trade (% of GDP).
- How does Mexico's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Mexico is below the world average. Within Latin America & Caribbean, it ranks #11 of 24.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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 (NE.TRD.GNFS.ZS), CC BY 4.0.