Exporting to Mexico

Mexico Export Guide | Trade Finance Global

Exporting to Mexico

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).

Exporting to Mexico? Contact our local experts

1.00 GBP
British Pound
1.00 GBP = 23.4157 MXN
=
23.4157 MXN
Mexican Peso
1.00 MXN = 0.04270 GBP

Country Profile

CapitalUnited Mexican StatesEstados Unidos Mexicanos(Spanish) Flag Coat of arms Anthem:Himno Nacional Mexicano(English: "Mexican National Anthem") Mexico City
Population 119,530,753
Area 1,972,550  km2 (761,610 sq mi)
km2 (13th)
Currency Peso
GDP
LanguagesSpanish

Mexico: Imports Profile

Imports from Mexico

Imports from Mexico: $372.8 billion
Import commodities:Metalworking machines, steel mill products, agricultural machinery, metals, repair parts for motor vehicles, aircraft, and aircraft parts, oil production equipment
Top import destinations:United States 49.0%, China 16.6%, Japan 4.4%, Germany 3.4%, South Korea 3.4% (2014 est.)
GDP growth (annual %)

Exporting to Mexico: What is trade finance?

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.

Read the TFG Exporters Guide here.

Importing from Mexico? Contact our local experts

Country Profile

CapitalUnited Mexican StatesEstados Unidos Mexicanos(Spanish) Flag Coat of arms Anthem:Himno Nacional Mexicano(English: "Mexican National Anthem") Mexico City
Population 119,530,753
Area 1,972,550  km2 (761,610 sq mi)
km2 (13th)
Currency Peso
GDP
LanguagesSpanish

1.20

Econ Complexity 21st of 184
1980
2014

$391B

Exports 10th of 221
1980
2014

$377B

Imports 13th of 221
1980
2014

$17k

GDP Per Capita 67th of 184
1990
2014
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