The United States is Hidalgo’s main export destination, with revenues of $305,039,665 between January and November 2024, according to the state’s Ministry of Economic Development.
However, US President Donald Trump’s recent tariff policy, which seeks to increase taxes on Mexican imports, has generated uncertainty about the future of this trade.
Faced with this situation, the Hidalgo government announced the implementation of a comprehensive strategy to mitigate the impact of potential trade restrictions.
Among the planned actions are market diversification, strengthening certifications and logistics, and adaptation to new regulatory requirements.
What products does Hidalgo export to the United States?
The products Hidalgo ships to the United States include power transformers, static converters, and inductors; as well as railway vehicle parts, cotton yarn, and motor vehicle parts and accessories.
In addition to liquid pumps, plastics and their manufactures, synthetic staple fiber yarns, clothing such as suits and jackets, chocolate and cocoa products, and vegetables, plants, roots, and tubers are also exported.
Highest-Earning Sectors
Exports of power transformers, static converters, and inductors, along with railway vehicle parts, represent the highest-earning sectors for Hidalgo, reaching $177,148,249 and $70,024,108, respectively.
Meanwhile, cotton yarns generate $35,105,774, and motor vehicle parts and accessories total $24,270,038.
To what other countries does Hidalgo export?
In addition to the United States, Hidalgo exports products to nine other countries in the Americas and Asia. During the same period in 2024, these markets generated revenues of $49,262,827 and are:
Dominican Republic
Honduras
Colombia
China
Guatemala
Canada
El Salvador
Malaysia
Peru
After the United States, the main export destinations are the Dominican Republic, with $13,300,261; Honduras, with $13,257,704; and Malaysia, with $1,816,250. The other countries recorded lower revenues, ranging from $1 million to $4 million.
As of November 2024, the main products that Hidalgo exported to these countries include, in addition to those already mentioned, static converters, cotton yarn with a cotton content greater than 85 percent, plastics and their manufactures, as well as various food preparations.
The Ministry of Economic Development did not specify which municipalities the exports come from or how many producers benefit from this international trade.
Source: milenio
