Importing from Mexico

Mexico Import Guide | Trade Finance Global

Importing from Mexico

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%.

Importing from Mexico? Contact our local experts

1.00 GBP
British Pound
1.00 GBP = MXN
=
MXN
Mexican Peso
1.00 MXN = INF GBP
GDP growth (annual %)

Importing from Mexico: What is trade finance?

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.

Read the TFG Importers Guide here.

Importing from Mexico? Contact our local experts

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