The Latin American Country Leading Global Exports: It’s Not Brazil and Outpaces Russia
By, AgriglobalMarket News
April 07, 2025
A Latin American country stands out among the nations generating the highest revenue from exports worldwide. With a growing economy, it has surpassed powerhouses like Russia and the United Kingdom. Discover which nation it is and what makes it a global benchmark.
This country has positioned itself as a global leader in exports, even surpassing traditional economies such as Russia and the United Kingdom. It excels not only in the volume of products exported but also in its ability to diversify markets and compete in strategic sectors. Learn how it has achieved this privileged status and which products have driven its international success.
Mexico: Leader in Exports in Latin America
According to data from the World Trade Organization (WTO) and Datos Macro, Mexico is the top Latin American exporter, ranking ninth globally in 2023. This achievement places it above traditionally export-heavy economies like Brazil and Russia.
With export revenues of €548.4 billion, Mexico has cemented its position as an export powerhouse, thanks to policies that foster investment and competitiveness in key sectors.
Factors Driving Mexico’s Export Success
Mexico’s success in international trade is no accident. For decades, the country has worked to establish itself as an export leader. However, it hasn’t been without challenges. Between 2020 and 2022, Mexico experienced a loss of competitiveness, dropping in global rankings. In 2023, the reshoring of industries and the expansion of existing production lines revitalized its export economy.
Mexico’s Top Export Products
Mexico’s strength lies in its ability to diversify its exports. According to Statista, vehicles and automobiles accounted for 24% of total export value in 2022, making them the most significant category. Additionally, the agri-food sector plays a critical role, with key products including:
- Beer
- Tequila
- Berries
- Avocado
- Beef
- Tomatoes
These products have positioned Mexico as a global reference, particularly in markets like the United States, Japan, Canada, and China.
Mexico vs. the Global Export Giants
Globally, China leads the list of countries with the highest export revenues, generating over €3.1 trillion in 2023, followed by the United States and Germany. Mexico, in ninth place, surpasses nations like Russia, whose exports dropped by 26.7% in the same year due to economic sanctions.
A Promising Future for Mexico in Global Trade
With a combination of natural resources, foreign investment, and market diversification, Mexico remains a key player in global trade. This leadership not only strengthens its economy but also reinforces its position as an emerging powerhouse in Latin America and the world.
Source: Gizmodo.com
Mexico: Leader in Exports in Latin America
