Machinery and transport equipment in Mexico
Mexico: Machinery and transport equipment was 33.9% in 2024. ▲ Rising
Machinery and transport equipment in Mexico, 1984–2024
Source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO). Measured in % of value added in manufacturing.
Analysis
In 2024, machinery and transport equipment in Mexico stood at 33.9%. That is the highest value across all 41 years on record.
The figure is up 2.3% on the previous year and up 18.9% over ten years.
Over the whole period, machinery and transport equipment in Mexico peaked at 33.9% in 2024 and was at its lowest, 13.3%, in 1984.
That places Mexico 13th out of 149 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 41 years of available data.
Machinery and transport equipment in Mexico, year by year
| Year | % of value added in manufacturing | Change |
|---|---|---|
| 1984 | 13.3% | — |
| 1985 | 15.4% | +15.2% |
| 1986 | 14.5% | -5.6% |
| 1987 | 15.7% | +8.3% |
| 1988 | 16.1% | +2.2% |
| 1989 | 20.7% | +28.7% |
| 1990 | 17.6% | -14.7% |
| 1991 | 18.8% | +6.8% |
| 1992 | 19.3% | +2.4% |
| 1993 | 17.9% | -6.9% |
| 1994 | 19.4% | +8.3% |
| 1995 | 19.6% | +1.0% |
| 1996 | 21.6% | +10.2% |
| 1997 | 22.8% | +5.3% |
| 1998 | 23.5% | +3.1% |
| 1999 | 23.3% | -0.8% |
| 2000 | 24.2% | +3.9% |
| 2001 | 23.6% | -2.5% |
| 2002 | 22.5% | -4.7% |
| 2003 | 21.5% | -4.2% |
| 2004 | 17.9% | -16.9% |
| 2005 | 18.0% | +0.8% |
| 2006 | 18.0% | -0.1% |
| 2007 | 17.9% | -0.8% |
| 2008 | 16.8% | -5.9% |
| 2009 | 19.6% | +16.3% |
| 2010 | 21.8% | +11.6% |
| 2011 | 23.1% | +5.6% |
| 2012 | 25.2% | +9.3% |
| 2013 | 26.6% | +5.4% |
| 2014 | 28.5% | +7.4% |
| 2015 | 29.6% | +3.7% |
| 2016 | 31.4% | +6.0% |
| 2017 | 32.9% | +4.8% |
| 2018 | 33.4% | +1.5% |
| 2019 | 33.8% | +1.2% |
| 2020 | 32.5% | -3.8% |
| 2021 | 31.0% | -4.7% |
| 2022 | 31.0% | +0.0% |
| 2023 | 33.2% | +7.1% |
| 2024 | 33.9% | +2.3% |
Mexico compared with similar countries
- Mexico's 33.9% is above the median for upper middle income countries, which is 6.8%, 5.0× the median. (46 countries reporting)
- Mexico's 33.9% is above the median for Latin America & Caribbean, which is 4.0%, 8.5× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 15.9% | 13.3% | 20.7% | 6 |
| 1990s | 20.4% | 17.6% | 23.5% | 10 |
| 2000s | 20.0% | 16.8% | 24.2% | 10 |
| 2010s | 28.6% | 21.8% | 33.8% | 10 |
| 2020s | 32.3% | 31.0% | 33.9% | 5 |
Countries ranked near Mexico
More economy & growth data for Mexico
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.43 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.06 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 11.29 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0062 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 85.55 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 43.09 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -5.25 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0235 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 326.53 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 10.41 % change on previous year (2025)
Frequently asked questions
- What is machinery and transport equipment in Mexico?
- Machinery and transport equipment in Mexico was 33.9% in 2024, according to International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO).
- What is the highest machinery and transport equipment recorded in Mexico?
- The highest recorded value was 33.9% in 2024.
- What is the lowest machinery and transport equipment recorded in Mexico?
- The lowest recorded value was 13.3% in 1984.
- How does Mexico rank for machinery and transport equipment?
- Mexico ranks 13th out of 149 countries with data for 2024.
- Is machinery and transport equipment rising or falling in Mexico?
- Over the last ten years it is up 18.9%. The long-run trend across the full record is rising.
- Where does this Mexico data come from?
- The figures come from International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO), published as part of Machinery and transport equipment (% of value added in manufacturing). Statizoid updates them automatically from the source API.
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About this data
Machinery and transport equipment manufacturing includes industries classified in ISIC (Rev. 3) divisions 29-35. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).