Mexico | Imports of goods and services (% of GDP)

Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
United Mexican States
Records
63
Source
Mexico | Imports of goods and services (% of GDP)
1960 11.66368098
1961 10.61525424
1962 10.10873684
1963 9.95358491
1964 9.85342629
1965 9.52267399
1966 9.01384868
1967 9.00945783
1968 9.35365123
1969 9.27098522
1970 9.65768018
1971 8.71928571
1972 8.8299115
1973 9.46480463
1974 10.57244444
1975 9.62009091
1976 9.86724289
1977 10.22219578
1978 11.03976893
1979 12.45095502
1980 12.29199955
1981 12.25570652
1982 9.70714774
1983 8.98106729
1984 9.10527445
1985 9.7649775
1986 12.92404266
1987 12.72575384
1988 18.6942808
1989 19.19745077
1990 19.81522536
1991 19.35314512
1992 20.29675146
1993 14.56713888
1994 16.40387642
1995 20.79990481
1996 23.04469158
1997 23.23630342
1998 24.81013474
1999 24.59539033
2000 25.67923572
2001 23.1988988
2002 23.35806733
2003 25.04482337
2004 26.93726403
2005 27.07557083
2006 27.92736792
2007 28.47746307
2008 29.34522065
2009 28.07847241
2010 30.25592441
2011 31.71942105
2012 32.7184815
2013 31.93587419
2014 32.63541684
2015 36.25020199
2016 38.87462616
2017 39.43803742
2018 41.16873121
2019 38.89933112
2020 37.6298949
2021 42.63001302
2022 45.47106944

Mexico | Imports of goods and services (% of GDP)

Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
United Mexican States
Records
63
Source