Mexico’s Bauxite import market shows steady growth during 2017-20

Aluminum is the world’s second-most-used industrial metal, second only to steel. Mexico’s long-running mining tradition dates back to colonial times, and despite the historically large and continuing importance of the mining industry and the fact that Mexico leads in the production of several metals and minerals.

A lack of domestic bauxite mines means Mexico can't make enough aluminium domestically to meet demand, but gradually the bauxite import moves are showing positive for the nation during 2017-20.

The total bauxite import by Mexico during 2017-19 stood 270,161 tonnes, whereas the total foreign revenue expended stood at $42.72 million. The bauxite import for 2020 is estimated at 141,678 tonnes, when added to the previous three years it stands at 411,839 tonnes.

The Bauxite import of Mexico in 2017 reflected at 68,861 tonnes, while the expenditure occurred for the import stood at $9.77 million.

In 2018 the bauxite import showed growth by 28.63%, as the total import stood at 88,582 tonnes and the revenue expenditure rose to $13.87 million. The excess volume on Y-o-Y stood at 19,721 tonnes.

The Mexican bauxite import in 2019 again reflected a positive trend as the growth rose by 27.24%, as the Y-o-Y increased volume was 24,136 tonnes and the total import volume recorded was 112,718 tonnes. The revenue expenditure jumped to $19.08 million from the preceding year value of $13.87 million.

The bauxite import for 2020 has also projected growth by 25.69% on Y-o-Y, as the total import might be recorded at 141,678 tonnes, an excess in the volume of 28,960 tonnes from the preceding year.

Mexico has been importing bauxite from numerous countries as trading partners like Brazil, Guyana, India, China, Turkey, the USA, etc.