The Mexico Retail Market report segments the industry into By Product (Food and Beverage and Tobacco Products, Personal and Household Care, Apparel, Footwear, and Accessories, Furniture, Toys, and Hobby, Industrial and Automotive, Electronic and Household Appliances) and By Distribution Channel (Hypermarkets, Supermarkets, Convenience Stores, Department Stores, Specialty Stores).

Based on the estimated value of chain retail sales in 2021, Walmart was the leading retailer in Mexico, with 28.7 billion U.S. dollars worth of sales in this country. Among the leading retailers operating in Mexico was also the convenience store retailer Oxxo, with chain retail sales estimated to be 9.2 billion U.S. dollars. Unlike the market leader Walmart, Oxxo is a Mexican retail company.

The Mexican retail industry is thriving, driven by a growing middle class, increased urbanization, and rising disposable incomes. With a market size of 94.40 million in 2025, the industry is projected to expand at a robust CAGR of 5.00% through 2033. Key drivers include the proliferation of e-commerce, the expansion of modern retail formats, and the growing popularity of private label brands. The industry is segmented into various product categories, including food and beverage, personal and household care, apparel, furniture, electronics, and automotive products. Distribution channels include hypermarkets, supermarkets, convenience stores, department stores, and specialty stores. Leading players in the market include Soriana SA de CV, FEMSA Comercio SA, Coppel SA de CV, El Puerto de Liverpool, Walmart International, and El Palacio de Hierro. The increasing adoption of omnichannel retailing, the rise of social commerce, and the growing emphasis on sustainability are key trends shaping the future of the Mexican retail industry. Recent developments include: March 2023 - Walmart opened 22 new stores across the state of Nuevo Leon as a part of an investment in the region’s infrastructure. Walmart made the decision during its 12th anniversary in Monterrey., January 2023 - Mexican retail conglomerate FEMSA (Fomento Económico Mexicano) launched Andretti Drive, a new app-enabled drive-thru coffee shop concept, in the northeast Mexican state of Nuevo León. FEMSA is the parent company of the OXXO convenience store chain, which has more than 20,000 outlets across Mexico, Chile, Colombia, and Peru. It also operates the Andatti coffee brand across the region.. Key drivers for this market are: Easy Shopping Experience Drives The Market, Greater Inventory Options Drives The Market. Potential restraints include: Easy Shopping Experience Drives The Market, Greater Inventory Options Drives The Market. Notable trends are: Growth of E-commerce Sector Drives the Market.

Revenue of the retail industry in Mexico amounted to over eight trillion Mexican pesos in 2023. This represents an increase of ten percent compared to the previous year.

Graph and download economic data for Sales: Retail Trade: Total Retail Trade: Volume for Mexico (SLRTTO01MXQ657S) from Q2 1986 to Q4 2024 about Mexico, retail trade, sales, and retail.

The sales of the top five retailers in Mexico held 45.5 percent of the market in 2016, with Walmart in the lead, accounting for 23.3 percent of sales. According to estimates, the combined share of the leading five retailers in the Mexican retail space declined slightly to 43.5 percent in 2021. Forecasts for 2026 indicate that Walmart will continue to lead the market although with declining sales share.

Key information about Mexico Retail Sales Growth

• Mexico Retail Sales grew 4.6 % YoY in Apr 2023, compared with a 1.8 % increase in the previous month.
• Mexico Retail Sales Growth YoY data is updated monthly, available from Jan 2002 to Apr 2023, with an average growth rate of 2.0 %.
• The data reached an all-time high of 34.7 % in May 2021 and a record low of -23.3 % in May 2020.
• In the latest reports, Car Sales of Mexico recorded 111,416.0 units in May 2023, representing a growth of 18.0 %.

CEIC calculates monthly Retail Sales: Incl. Motor Vehicles Growth from monthly Retail Trade Index. The National Institute of Statistics and Geography provides Retail Trade Index with base 2018=100. Retail Sales: Incl. Motor Vehicles Growth prior to January 2009 is calculated from Retail Trade Index with base 2003=100.

Retail Sales in Mexico increased 0.50 percent in March of 2025 over the previous month. This dataset provides - Mexico Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In October 2024, the real income generated by retail companies in Mexico decreased by about 0.3 percent compared to the previous month.

Retail sales index in Mexico, February, 2025 The most recent value is 118.69 index points as of February 2025, an increase compared to the previous value of 118.42 index points. Historically, the average for Mexico from January 2008 to February 2025 is 98.03 index points. The minimum of 78.16 index points was recorded in April 2020, while the maximum of 120.17 index points was reached in November 2023. | TheGlobalEconomy.com

The Mexican retail market, valued at $318.83 billion in 2025, is projected to experience robust growth, driven by a rising middle class, increasing urbanization, and the expanding e-commerce sector. A Compound Annual Growth Rate (CAGR) of 4.5% from 2025 to 2033 indicates a significant expansion opportunity. Key growth drivers include the increasing adoption of digital technologies within the retail sector, enhancing customer experiences through personalized offerings and convenient online shopping options. Furthermore, the growing preference for omnichannel strategies, blending online and offline shopping experiences, is fueling market expansion. While challenges exist, such as economic volatility and intense competition, particularly from multinational giants like Walmart and Amazon, the market's resilience stems from the strong domestic consumer base and the continued diversification of retail offerings. The market segmentation reveals the dominance of personal and household care products, complemented by significant contributions from food and beverages, electrical and electronics, and apparel. The online distribution channel is rapidly gaining traction, posing both opportunities and challenges for established offline retailers who are adapting their strategies to integrate e-commerce successfully. Competition is fierce, with established players like Walmart, Soriana, and Liverpool competing against burgeoning e-commerce giants and smaller, specialized retailers. Companies are actively deploying competitive strategies focused on pricing, brand loyalty programs, and enhanced customer service to maintain market share within this dynamic environment. The Mexican retail market’s segmentation across product categories reflects diverse consumer needs. Personal and household care, driven by increasing health consciousness and disposable incomes, represents a substantial segment. Food and beverages retain their essential role, influenced by local preferences and trends towards healthier options. The electronics and electrical segment benefits from increasing technological adoption and affordability. While the ‘Others’ category requires more granular data for precise analysis, it likely encompasses a wide range of goods, adding to the market's complexity and diversity. Offline channels continue to play a crucial role, particularly in reaching customers in less urbanized areas. However, the online segment's rapid growth signifies a significant shift in consumer behavior, demanding agile adaptation from established retailers. This evolution is also reflected in the competitive landscape, which sees both traditional players and online marketplaces vying for dominance. Successfully navigating this complex market necessitates a comprehensive strategy considering both online and offline presence, effective inventory management, and a keen understanding of consumer preferences within this dynamic market.

According to estimates, the hyper store generated the highest retail sales in Mexico in 2021. The estimated value of retail sales in hyper stores was 20.6 billion U.S. dollars in that year. While traditional channels, such as hyper stores and discounters, were the main channels both in 2016 and 2021, projections showed that e-commerce will grow the fastest, and the retail sales garnered by e-commerce channels will ultimately reach 23 billion U.S. dollars in Mexico.

Mexico Retail Trade Index: Gas Stations data was reported at 75.900 1994=100 in Dec 2005. This records an increase from the previous number of 73.900 1994=100 for Nov 2005. Mexico Retail Trade Index: Gas Stations data is updated monthly, averaging 85.900 1994=100 from Jan 1994 (Median) to Dec 2005, with 144 observations. The data reached an all-time high of 107.300 1994=100 in Mar 1995 and a record low of 66.800 1994=100 in Feb 2005. Mexico Retail Trade Index: Gas Stations data remains active status in CEIC and is reported by National Institute of Statistics and Geography. The data is categorized under Global Database’s Mexico – Table MX.H003: Retail Trade Index: 1994=100.

This chart provides a detailed overview of the number of Mexico online retailers by Monthly Sales. Most Mexico stores' Monthly Sales are Less than $100.00, there are 39.51K stores, which is 98.10% of total. In second place, 399 stores' Monthly Sales are $100.00K to $1.00M, which is 0.99% of total. Meanwhile, 245 stores' Monthly Sales are $10.00M to $100.00M, which is 0.61% of total. This breakdown reveals insights into Mexico stores distribution, providing a comprehensive picture of the performance and efficient of online retailer.

This chart provides a detailed overview of the number of Mexico online retailers by Monthly Product Sold. Most Mexico stores' Monthly Product Sold are Less than 100, there are 65.68K stores, which is 77.07% of total. In second place, 15.95K stores' Monthly Product Sold are 100 to 1K, which is 18.72% of total. Meanwhile, 2.69K stores' Monthly Product Sold are 1K to 10K, which is 3.15% of total. This breakdown reveals insights into Mexico stores distribution, providing a comprehensive picture of the performance and efficient of online retailer.

This chart provides a detailed overview of the number of Mexico online retailers by Number of Employee. Most Mexico stores' Number of Employee are Less than 10, there are 14.25K stores, which is 88.41% of total. In second place, 404 stores' Number of Employee are 20 to 50, which is 2.51% of total. Meanwhile, 321 stores' Number of Employee are 10 to 20, which is 1.99% of total. This breakdown reveals insights into Mexico stores distribution, providing a comprehensive picture of the performance and efficient of online retailer.

Mexico Retail Trade Index (RTI): Trend data was reported at 125.063 2008=100 in Jan 2019. This records a decrease from the previous number of 125.468 2008=100 for Dec 2018. Mexico Retail Trade Index (RTI): Trend data is updated monthly, averaging 103.026 2008=100 from Jan 2008 (Median) to Jan 2019, with 133 observations. The data reached an all-time high of 126.892 2008=100 in Jul 2018 and a record low of 95.799 2008=100 in Sep 2009. Mexico Retail Trade Index (RTI): Trend data remains active status in CEIC and is reported by National Institute of Statistics and Geography. The data is categorized under Global Database’s Mexico – Table MX.H001: Retail Trade Index: 2008=100.

This chart provides a detailed overview of the number of Mexico online retailers by Monthly Visitors. Most Mexico stores' Monthly Visitors are Less than 100, there are 40.02K stores, which is 60.14% of total. In second place, 16.49K stores' Monthly Visitors are 100 to 1K, which is 24.78% of total. Meanwhile, 7.68K stores' Monthly Visitors are 1K to 10K, which is 11.54% of total. This breakdown reveals insights into Mexico stores distribution, providing a comprehensive picture of the performance and efficient of online retailer.

Graph and download economic data for Sales: Retail Trade: Total Retail Trade: Volume for Mexico (MEXSLRTTO01GYSAM) from Jan 1987 to Feb 2025 about Mexico, trade, retail trade, sales, and retail.

The value of the retail apparel market in Mexico increased by roughly two billion U.S. dollars in 2023, compared to the sales in the previous year. Out of those 31.1 billion U.S. dollars in the Mexican retail clothing market, the women's segment accounted for over 14 billion U.S. dollars. By 2027, the Mexican apparel market is forecast to value over 37 billion U.S. dollars.