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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%.

Mexico Country Profile

Official Name (Local Language)Estados Unidos Mexicanos
CapitalMexico City
Population123,166,749
CurrencyMexican Peso
GDP$1,064 billion
LanguagesSpanish
Telephone Dial In52

Mexico Exports Profile

Exports ($m USD)

409,451

Number of Export Products

4,211

Number of Export Partners

200

Top 5 export partners

Country

Trade

% Partner Share

United States

327,358

79.95

Canada

11,376

2.78

Germany

6,95

1.70

China

6,713

1.64

Spain

4,245

01.04

Top 5 Export Products at HS 6 digit level

Export Product

Number

Automobiles with reciprocating piston engine di

10.2%

Petroleum oils and oils obtained from bituminou

6.6%

Digital process units whether or not presented

6.0%

Telegraphic apparatus, nes

5.8%

Gas powered trucks with a GVW not exceeding fiv

4.9%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for Mexico

Agriculture

%

Product 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

%

Service list

63.2%

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.

Information

Importing from Mexico? Contact our local experts

First Name*

Last Name*

Your Organisation*

How much finance are you seeking?*

Your Email*

Telephone Number*

Briefly, what type of stock or trade are you looking to finance?

(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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