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Mexico Import Export Market
As an exporter, I have been asked repetitive questions about the Mexico Import Export Market. It is very important, as a tip to beginner exporter and importers, to know this information before entering the Mexican market, or before trying to import products from Mexico. Question 1
What is the size of the Mexican economy? The Mexican GDP slightly exceeds the 700,000 million dollars, falling under this heading
below Spain. Question 2
What is the actual size of the Mexican market? The actual size of the market depends greatly on the sector that we are talking about, given the peculiar socio-economic structure in Mexico, lacking a middle class largely enough to resemble the consumption habits of the country to European or American standards. Question 3
What are the fundamental axes of the Mexican economy? Mexico has a dual economy, well-equipped and competitive companies, while on the other hand, millions of small economic units operating under outdated systems and in the most cases, outside the formal channels. So far, the growth of the economy has depended on exports from the maquiladora industry and the evolution of oil revenues, especially vital to the balance of public finances. Question 4
Why is it said that Mexico has a great potential for growth? In recent years Mexico has implemented a series of policies that have achieved a macroeconomic stability that encourages the entry of foreign capital and investment productive both domestic and foreign. There is a growing integration with the U.S. and Canada, as well as a broad catalog of free trade treaties (including the one signed with the EU) that allow easy access from Mexico to most major markets, as well as a simple supply of inputs required for production. If major reforms are passed in congress (labor, energy and tax), and improved institutions are created, growth would improve because the current economic performance is insufficient to improve the living conditions of the country. Question 5
What are the main brakes on growth in Mexico? The institutional weakness is one of the brakes to growth, along with stiffness in some sectors, such as oil and energy. The north-south differences and important insecurity in recent years have also reduced growth in the Mexican economy. Question 6
What is the risk of Mexico? The big macro stability (inflation under control for several years, public finances almost balanced, interest rates one-digit), the country being a member of the OECD, its growing integration and timing with the economies of North America and the improvements in the financial system are absolute pros. Question 7
What are the basic lines of trade policy in Mexico? Mexico has continued to deepen commercial guidance aimed at dismantling tariffs through the signing of free trade, reaching, today, the most importantes markets in the world (including USA, Canada and the EU as well as much of the
American nations and Japan). Question 8
How important is the foreign trade for Mexico? The Mexican economy presents a growing degree of internationalization, with rates Opening largely comparable to developed countries of a similar entity. Moreover,
long growth of its economy has depended on its evolving
foreign trade, becoming more dependent on their economic performance of the evolving
U.S., its largest trading partner. After this, I hope some of your questions about the Mexico Import Export Market will be solved. I will be posting more information on this subject.
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Contributor's Note
Information of Mexico Import Export from Bancomext, public mexican news, and Chamber of Commerce, Mexico.
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