Mexico-Viet Nam Bilateral Trade Analysis 2023
Complete trade statistics: $10.06B total volume •Mexico deficit: $9.64B
Mexico → Viet Nam
$213.86M
Exports (2023)
Viet Nam → Mexico
$9.85B
Imports (2023)
Trade Balance
$9.64B
Deficit for Mexico
Total Trade
$10.06B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Mexico and Viet Nam. Green line shows exports from Mexico, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Mexico-Viet Nam commercial relationship and competitive positioning in global markets.
Mexico → Viet Nam Exports
Export Market Intelligence
🎯 Strategic Export Focus
Mexico's export portfolio to Viet Nam demonstrates strong diversification across multiple sectors, with electronic integrated circuits: n.e.c. in heading no. 8542 representing a key competitive advantage in this bilateral market.
Viet Nam → Mexico Imports
Import Dependency Profile
📦 Import Strategy Analysis
Mexico's import pattern from Viet Nam reveals significant dependencyin electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Mexico demonstrates competitive strength in exportingelectronic integrated circuits: n.e.c. in heading no. 8542 to Viet Nam, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $10.06B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Mexico-Viet Nam Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $10.06 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Mexico maintains a deficit of $9.64 billion
- Export Focus: Mexico's primary exports include electronic integrated circuits: n.e.c. in heading no. 8542, communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus, electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
- Import Dependencies: Key imports from Viet Nam include electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits, telephones for cellular networks or for other wireless networks, communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $10.06B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Mexico leveraging its comparative advantages in electronic integrated circuits: n.e.c. in heading no. 8542.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Mexico's specialization in electronic integrated circuits: n.e.c. in heading no. 8542complements Viet Nam's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $10.06B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $10.06B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $10.06 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in electronic integrated circuits: n.e.c. in heading no. 8542 and electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Mexico's trade deficit of $9.64 billion impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Mexico and Viet Nam represents a total trade volume of $10.06 billion in 2023. This partnership demonstrates an unfavorable trade balance for Mexico, with imports exceeding exportsby $9.64 billion.
Export Strengths
Mexico's exports to Viet Nam total $213.86 million, with competitive advantages in electronic integrated circuits: n.e.c. in heading no. 8542, representing $63.57M or29.7% of bilateral exports.
Import Dependencies
Imports from Viet Nam amount to $9.85 billion, highlighting economic interdependence in electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits, with Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits comprising26.5% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Mexico's strategic sourcing from Viet Nam. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Mexico and Viet Nam in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023