In 2025, Japan sold USD 12.1 billion of goods to Mexico and bought USD 7.02 billion from it. The DESTA database lists 3 trade agreements that include both countries, the most recent being Comprehensive and Progressive Agreement for Transpacific Partnership (CPTPP) (2018). Both are members of the G20, the OECD and APEC. Their agreement score in UN General Assembly voting was 77 percent in 2023, and 77 percent on average over 2019 to 2023.
Benefits
BothComprehensive and Progressive Agreement for Transpacific Partnership (CPTPP), signed 2018 and in force since 2018.
BothBoth are members of the G20, the OECD and APEC.
BothThe number of people born in Japan who live in Mexico rose from 3 thousand in 1990 to 7 thousand in 2024.
Constraints
BothThe two countries' customs reports differ on goods sold by Mexico to Japan in 2025: Japan reports USD 7.02 billion and Mexico reports USD 4.03 billion.
BothTwo-way trade in mineral fuels and oils fell 92 percent, from USD 395 million in 2019 to USD 31.2 million in 2025.
BothFlows are one-sided: in 2025, Mexico sold USD 167 million of critical minerals and metals, and Japan sold almost none.