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).

Mexico Country Profile

Official Name (Local Language) Estados Unidos Mexicanos
Capital Mexico City
Population 123,166,749
Currency Mexican Peso
GDP $1,064 billion`
Languages Spanish
Telephone Dial In 52

Mexico Imports Profile

Imports ($m USD)

420,369

Number of Import Products

4,45

Number of Import Partners

223

Top 5 import partners

Country

Trade

% Partner Share

United States

194,992

46.39

China

74,145

17.64

Japan

18,185

4.33

Germany

16,421

3.91

Korea, Rep.

15,756

3.75

Top 5 Import Products at HS 6 digit level

Export Product

Number

Petroleum oils, etc, (excl. crude); preparation

6.0%

Monolithic integrated circuits, nes

5.9%

Automobiles with reciprocating piston engine di

3.9%

Telegraphic apparatus, nes

2.7%

Parts and accessories of automatic data process

2.4%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for Mexico

Agriculture

%

Products List

3.7%

Corn, wheat, soybeans, rice, beans, cotton, coffee, fruit, tomatoes; beef, poultry, dairy products; wood products

Industry

%

Industry List

33.1%

Food and beverages, tobacco, chemicals, iron and steel, petroleum, mining, textiles, clothing, motor vehicles, consumer durables, tourism

Services

%

Services List

63.2%

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.

Information

Exporting to Mexico? Contact our local experts

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    (Marketing Terms can be found here)

    Mexico Economic Statistics

    Government Website

    http://en.presidencia.gob. mx/

    Sovereign Ratings

    https://countryeconomy.com /ratings/mexico

    Central Bank

    Banco de Mexico

    Currency USD Exchange Rate

    18.34

    Unemployment Rate

    43619

    Population below poverty line

    46.2%

    Inflation Rate

    2.8%

    Prime Lending Rate

    6.25%

    GDP

    $1,064 billion

    GDP Pro Capita (PPP)

    $18,900

    Currency Name

    Mexican Peso

    Currency Code

    MXN

    World Bank Classification

    Upper Middle Income

    Competitive Industrial Performance

    51/138

    Corruption Perceptions Index

    135/180

    Ease of Doing Business

    54/190

    Enabling Trade Index

    51/136

    Currency in Mexico

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