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Strategic Lens

Canada and Mexico

First country

Second country

In 2025, Canada sold USD 6.36 billion of goods to Mexico and bought USD 38.3 billion from it. The DESTA database lists 4 trade agreements that include both countries, the most recent being US Mexico Canada Agreement (USMCA) (2020). Both are members of the G20, the OECD and APEC. Their agreement score in UN General Assembly voting was 62 percent in 2023, and 61 percent on average over 2019 to 2023.

Benefits

  • BothTwo-way trade in agricultural and food products grew 53 percent, from USD 3.58 billion in 2019 to USD 5.50 billion in 2025.
  • BothTwo-way trade in fertilisers grew 53 percent, from USD 16.2 million in 2019 to USD 24.8 million in 2025.
  • BothTwo-way trade in machinery, vehicles and iron and steel grew 52 percent, from USD 15.3 billion in 2019 to USD 23.2 billion in 2025.

Constraints

  • BothFlows are one-sided: in 2025, Mexico sold USD 38.3 billion of goods, against USD 6.36 billion the other way.
  • BothFlows are one-sided: in 2025, Canada sold USD 212 million of mineral fuels and oils, against USD 2.8 million the other way.
  • BothFlows are one-sided: in 2025, Mexico sold USD 21.3 billion of machinery, vehicles and iron and steel, against USD 1.85 billion the other way.

Sources: UN Comtrade (public preview API), annual goods trade, HS classification (retrieved 26 September 2026); DESTA: Design of Trade Agreements database, version 02_03 (retrieved 25 September 2026); Wikidata, statements on membership (property P463) (retrieved 26 September 2026); United Nations General Assembly voting data (Voeten, Strezhnev and Bailey), agreement scores (retrieved 25 September 2026)

Last updated on 26 September 2026

At a glance

Goods trade, both ways
USD 44.6 billion
2025, as reported by Canada
Canada to Mexico
USD 6.36 billion
2025, as reported by Canada
Mexico to Canada
USD 38.3 billion
2025, as reported by Canada

What connects Canada and Mexico

Economy

Trade in goodsIn 2025, Canada sold USD 6.36 billion of goods to Mexico and bought USD 38.3 billion from it.

Resources

EnergyIn 2025, Canada sold USD 212 million of mineral fuels and oils to Mexico and bought USD 2.8 million from it.Agriculture and foodIn 2025, Canada sold USD 2.12 billion of agricultural and food products to Mexico and bought USD 3.38 billion from it.FertiliserIn 2025, Canada sold USD 17.2 million of fertilisers to Mexico and bought USD 7.6 million from it.

Industry

Supply chains and manufacturingIn 2025, Canada sold USD 1.85 billion of machinery, vehicles and iron and steel to Mexico and bought USD 21.3 billion from it.TechnologyIn 2025, Canada sold USD 531 million of electrical and electronic equipment to Mexico and bought USD 5.29 billion from it.Pharma and healthIn 2025, Canada sold USD 113 million of pharmaceutical products to Mexico and bought USD 263 million from it.

Diplomacy

Agreements and treatiesThe DESTA database lists 4 trade agreements that include both countries, the most recent being US Mexico Canada Agreement (USMCA) (2020).Multilateral alignmentBoth are members of the G20, the OECD and APEC. Their agreement score in UN General Assembly voting was 62 percent in 2023, and 61 percent on average over 2019 to 2023.Diaspora and mobilityIn 2024, 14 thousand people born in Canada lived in Mexico, and 104 thousand people born in Mexico lived in Canada.

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