Since the signing of the North American Free Trade Agreement, Mexico’s export sector has been strongly linked to the United States. Many of their primary imports are in fact machinery and parts to be used for the assembly of products to be shipped back over the border.
Mexico’s top exports are crude petroleum ($41 billion), cars ($33 billion), vehicle parts ($20 billion) and delivery trucks ($19 billion). The United States receives 80% of exports while Canada is the next highest at 3% followed by Germany at 1%.
|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
Automobiles with reciprocating piston engine di
Petroleum oils and oils obtained from bituminou
Digital process units whether or not presented
Telegraphic apparatus, nes
Gas powered trucks with a GVW not exceeding fiv
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
Trade finance is a revolving facility which some banks and specialist lenders offer – it enables SMEs to buy stock and can help ease the pressure from cash management.
Typically, a trade financier will fund up to 100% of the cost of the products, including charges (e.g. fees).
Trade finance offers upsides over more traditional bank finance like bridging mortgages or business loans. Trade finance provides up front funding without affecting existing relationships with banks.
How does it work?
If you’re a company importing or exporting inventory internationally, then a trade finance facility would allow you to fund this through offering a letter of credit or some form of cash advance.
I’m looking to import from Mexico, how can Trade Finance Global help, and how does it work?
If you are looking to import stock supplies from other markets, you may need import finance, which is an agreement between yourself (the importer) and the foreign exporter. A alternative financier will act as the intermediary, paying the foreign exporter on your behalf until you receive the goods and have then sold them to your buyer. Repaying the funder then happens over an agreed period of time.
Banco de Mexico
Upper Middle Income