Mexico | Merchandise trade (% of GDP)

The "Merchandise trade (% of GDP)" is an economic indicator that measures the total value of a country's merchandise trade, including both exports and imports of goods, as a percentage of its Gross Domestic Product (GDP). This indicator provides insight into the degree of a country's openness to international trade relative to the size of its economy. The chart shows the "Merchandise trade (% of GDP)" for Mexico over a 23-year period, from 2000 to 2022. Mexico is a major participant in international trade, particularly with the United States, largely due to trade agreements like NAFTA and its successor, the USMCA.