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)||Estados Unidos Mexicanos||Capital||Mexico City||Population||123,166,749||Currency||Mexican Peso||GDP||$1,064 billion`||Languages||Spanish||Telephone Dial In||52|
% Partner Share
Petroleum oils, etc, (excl. crude); preparation
Monolithic integrated circuits, nes
Automobiles with reciprocating piston engine di
Telegraphic apparatus, nes
Parts and accessories of automatic data process
Corn, wheat, soybeans, rice, beans, cotton, coffee, fruit, tomatoes; beef, poultry, dairy products; wood products
Food and beverages, tobacco, chemicals, iron and steel, petroleum, mining, textiles, clothing, motor vehicles, consumer durables, tourism
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.
Banco de Mexico
Upper Middle Income