In 2024, Mexico sold only $152,000 worth of goods to Iran, representing a 73 percent drop compared to the previous year.
Last year alone, Mexican sales to Asia amounted to $30.4 billion; however, exports to Iran only contributed 0.0005 percent of this amount.
The Asian countries that buy the most Mexican products are China, South Korea, Hong Kong, and Japan.
How much and what does Mexico buy from Iran?
In contrast, Mexican imports of Iranian products reached $5,487,000 in 2024, representing a 61.8 percent drop compared to the previous year.
Even so, purchases of Iranian products do not represent even a small slice of the Asian import pie, which last year alone amounted to $253.518 billion.
According to the Ministry of Economy, among the products Mexico buys the most from Iran are machinery and appliances, electrical materials such as electric resistors, integrated electronic circuits, and other similar products.
The Mexican government explains that crustaceans, whether in shell or not, live, fresh, refrigerated, frozen, dried, salted or in brine, smoked, cooked or not before or during smoking, are the main national sales to Iran.
The states that sold the most to Iran were Baja California Sur, Mexico City, and the State of Mexico.
Meanwhile, Mexico’s main purchase from Iran in 2024 was integrated electronic circuits. The main destinations for Iranian imports were Chihuahua, Guanajuato, and Nuevo León.
The Asian countries that sell the most to Mexico are China, Japan, Malaysia, Thailand, Taiwan, and India.
What is Mexico’s trade with Israel like?
Likewise, Mexico has a slightly more robust relationship with Iran’s “rival,” Israel.
In 2024 alone, Mexican exports to Israel reached $203,636,000, representing an annual increase of 17.9 percent.
The products most exported to the “holy land” are machinery and electrical equipment, and various food products, such as alcoholic beverages and vinegar.
However, Mexico is increasingly interested in products from Israel, as last year Mexican imports from that country reached $1.233 billion, their highest level on record.
The most purchased products from Israel are chemicals, pharmaceuticals, fertilizers, extracts, essential oils, soaps, and other similar products.
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Plastics, rubber, leather, wood, base metals, gypsum, and precious stones, to name a few, are also imported.
Source: elfinanciero
