Through the building of an extensive free trade network with more than 40 countries, Mexico has risen to the status of the second largest economy in Latin America. Currently ranked as the world’s fifteenth largest economy it is tipped by World Bank analysts to rise to fifth by 2050.
Mexico’s imports are about $355 billion per annum with major imports being refined petroleum ($23.8 billion), vehicle parts ($20 billion), integrated circuits ($11 billion) and computers ($9.6 billion). Major import partners are the United States ($180 billion), China ($56 billion) and Japan ($14 billion).
Official Name (Local Language) | Republik Indonesia | Capital | Jakarta | Population | 258,316,051 | Currency | Indonesian Rupiah | GDP | $941 billion | Languages | Bahasa Indonesia | Telephone Dial In | 62 |
157,388
4,413
222
Country
Trade
% Partner Share
China
34,521
21.93
Singapore
16,992
10.80
Japan
14,134
8.98
Malaysia
9,059
5.76
Thailand
9,036
5.74
Export product
Number
Petroleum oils, etc, (excl. crude); preparation
9.5%
Petroleum oils and oils obtained from bituminou
5.2%
Spelt, common wheat and meslin
2.3%
Parts of electrical apparatus for line telephon
2.1%
Raw cane sugar, in solid form
1.8%
%
Product List
13.7%
Rubber and similar products, palm oil, poultry, beef, forest products, shrimp, cocoa, coffee, medicinal herbs, essential oil, fish and its similar products, and spices
%
Industry List
40.3%
Petroleum and natural gas, textiles, automotive, electrical appliances, apparel, footwear, mining, cement, medical instruments and appliances, handicrafts, chemical fertilizers, plywood, rubber, processed food, jewelry, and tourism
%
Services List
46%
Export finance is a revolving facility which alternative financiers offer – it enables SMEs to buy products and can help ease cash management.
Often, a trade financier will fund up to 100% of the cost of the receivables, including charges (e.g. delivery costs).
Trade finance offers added advantages over more traditional bank finance including asset finance or business loans. Trade finance provides up front funding without affecting existing bank relationships.
How does it work?
If you’re a firm importing or exporting stock around the world, then a trade finance facility would help you to fund this through offering a letter of credit or some form of cash advance.
I’m looking to export to Mexico, how can Trade Finance Global help, and how does it work?
If you are looking to export products to other countries, you may need export finance, which is a commercial agreement between you (the exporter), and the importer. A trade finance bank would advance you the cost of producing the products that you are exporting (as a debt product), either once you have shipped the goods, or before producing them. Once the importer has received the stock and pays you for the import, you will repay the advance from the export bank over an agreed period.
information
Exporting to Indonesia? Contact our local experts
Indonesia Economic Statistics
https://indonesia.go.id/
https://countryeconomy.com/ratings/indonesia
Bank Indonesia
13,483
5.6%
10.9%
3%
6.37%
$941 billion
$11,700
Indonesian Rupiah
IDR
Lower Middle Income
41/138
96/180
73/190
70/136
Currency in Indonesia