China-HQ green FDI readiness / Method appendix
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Mexico / Battery destination decomposition

Purpose. Destination decomposition supporting the Mexico/Battery card claim that the manufacturing-basket export delta is absorbed primarily by USA and Canada [1].

Finding

In the 2022–2024 trade post-window, USA + Canada absorbed 76.6% of Mexico's battery manufacturing-basket exports ($3.65B of $4.76B annual mean). The share of the delta (post-window minus pre-window mean) is 88.4%, with USA alone at 86.5% ($1.78B/yr) and Canada 1.9%. The USA + Canada delta share exceeds the 60% diagnostic threshold used here, supporting the interpretation that Mexico's battery-basket growth is tied to regional battery-buildout demand. The HS6-level delta-share check holds the line: USA + Canada delta share ranges from 65.6% (electrolyte HS 382499) to 98.8% (capacitance testing equipment HS 903089) across all eight top growth codes, with USA the top destination for every one.

Top growth HS6 codes: destination splits

HS6 Primary green-dictionary label Post 2022–24 mean ($M) USA+CAN post share USA+CAN delta share USA delta share
847989 Module-Pack Assembly; Module Assembly 853 85.6% 95.6% 91.2%
850760 Lithium Ion Electric Accumulators 338 74.0% 77.3% 73.0%
761699 Battery Casing 601 94.1% 98.4% 97.2%
903180 Cell Conditioning; Aging 666 69.1% 79.0% 84.8%
382499 Electrolyte 363 50.9% 65.6% 64.7%
850790 Parts of Accumulators 218 89.1% 83.9% 82.8%
903089 Cell Conditioning: Battery Cycle Testing 140 93.1% 98.8% 99.0%
392020 Separator; Polymers of Propylene, Non-Cellular 293 89.8% 97.4% 93.1%

Methodology

Pre-window 2017–2019 annual mean; post-window 2022–2024 annual mean. Source: BACI HS17 V202601. Manufacturing-only basket from data/processed/hs6_baskets.json (excludes Raw Material). Per-HS6 top-five destination tables (post-window mean and delta) are produced alongside this summary by the generator script [2].

References

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