Investor Presentaiton
War in Ukraine: Few direct effects on Mexico's international trade, but with challenges from indirect channels
Mexico: Total trade flows
US$ billions (average 2018-2021)
Mexico: Main exports to Russia*
US$ millions (in 2020)
Mexico: Main exports to Ukraine*
US$ millions (in 2020)
US
569.2
1°
Engines
161.9
Beer
10.3
China
93.2
2°
Auto parts
49.2
Engines
6.9
Germany
23.7
3°
Telecom eq.
47.4
Fluorite
4.2
Canada
23.2
4°
Copper
Beer
25.3
Ships
2.2
23.9
Alcoholic drinks
1.3
South Korea
22.3
5°
T
T
0
50
Japan
100 150 200
0
5
10
15
20.7
6°
Mexico: Main imports to Russia*
Malaysia
11.3
7°
US$ millions (in 2020)
Brazil 10.8
8°
Fertilizers
186.0
Mexico: Main exports to Ukraine*
US$ millions (in 2020)
Fertilizers chem.
21.7
Taiwan
10.0
9°
Aluminum
161.0
Ilmenite
20.4
Spain 9.2
10°
Fertilizers chem.
134.8
Wheat
14.7
Russia
2.0
28°
Rubber
27.1
Edible oil
5.3
Ukraine
0.2
65°
Furniture
26.6
Refractory clays
4.4
T
T
0
200
400
600
0
50 100
150 200
05 10
15 20
20
25
25
*Note: Groupings by four-digit tariff fraction
Source: Banxico, Ministry of Economy, Banorte
Div
DB
Rev
Dep
66
NIM
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Loan
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Guid
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Eco
56
Hist
NI
ROE
ICAP
Mkt
App
C/I
GRUPO FINANCIERO
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