Mexico
Mexico shipped 441 kt of CBAM goods to the EU in 2025 (0.4 % of all CBAM imports, up 8 % on 2024). Most of the exposure comes from iron and steel. At default values the 2026 CBAM bill would be about €14.8 m, ranking it 40th of 152 countries.
441 ktEU imports, 2025
€198 mcustoms value
€14.8 mCBAM exposure 2026
€34/taverage per tonne
What it exports
Steel 94 %Aluminium 1 %Fertilisers 0 %Cement 4 %
| Sector | Tonnes 2025 | Value | Exposure 2026 | 2034 |
|---|---|---|---|---|
| Iron and steel | 415 kt | €160 m | €13.1 m | €28.0 m |
| Cement | 20 kt | €2.5 m | €1.4 m | €2.9 m |
| Aluminium | 5 kt | €29.6 m | €207 k | €294 k |
| Fertilisers | 1 kt | €6.3 m | €34 k | €64 k |
Products with the largest exposure
Default value (2026, incl. mark-up) and CBAM benchmark in tCO₂e per tonne.
| CN code | Product | Tonnes | Default | Benchmark | Exposure |
|---|---|---|---|---|---|
| 7201 10 30 | Non-alloy pig iron in pigs, blocks or other primary forms, containing by weight ≤ 0,5 % … | 33 kt | 2.838 | 1.210 | €4.5 m |
| 7201 10 11 | Non-alloy pig iron in pigs, blocks or other primary forms, containing by weight ≤ 0,5 % … | 22 kt | 2.838 | 1.210 | €3.0 m |
| 7304 29 30 | Casing and tubing of a kind used for drilling for oil or gas, seamless, of iron or steel… | 16 kt | 3.047 | 1.383 | €2.2 m |
| 2601 12 00 | Agglomerated iron ores and concentrates (excl. roasted iron pyrites) | 334 kt | 0.143 | 0.086 | €1.6 m |
| 2523 10 00 | Cement clinkers other countries | 19 kt | 1.551 | 0.666 | €1.4 m |
| 7202 19 00 | Ferro-manganese, containing by weight ≤ 2 % carbon other countries | 1 kt | 6.149 | 1.361 | €473 k |
| 7326 90 40 | Pallets and similar platforms for handling goods, of iron or steel | 2 kt | 3.014 | 1.364 | €310 k |
| 7326 90 98 | Articles of iron or steel, n.e.s. | 2 kt | 3.091 | 1.491 | €277 k |
| 7601 20 80 | Unwrought aluminium alloys (excl. slabs and billets) | 4 kt | 0.396 | 0.091 | €96 k |
| 7326 90 50 | Reels for cables, piping and the like, of iron or steel | 514 t | 3.014 | 1.364 | €71 k |
| 7202 41 90 | Ferro-chromium, containing by weight > 6 % carbon other countries | 567 t | 2.585 | 1.142 | €69 k |
| 7308 90 98 | Structures and parts of structures of iron or steel, n.e.s. (excl. bridges and bridge-se… | 372 t | 3.289 | 1.491 | €56 k |
Outlook
Same 2025 volumes, same certificate price (€82.32), default values throughout.
2026€14.8 m10 % mark-up, 97.5 % free allocation
2030€25.1 m30 % mark-up, 51.5 % free allocation
2034€31.3 m30 % mark-up, no free allocation
Where it sits on the map
Read more
Nearby in the ranking: Albania, Israel, Pakistan, Turkmenistan.
Sources: Eurostat Comext (DS-045409), annual 2025; Implementing Regulations (EU) 2025/2621 and 2025/2620. See methodology.