Export to Mexico
CLICK HERE FOR BUSINESS OPPORTUNITIES IN MEXICO
FULL NAME: United Mexican States
CAPITAL: Ciudad de Mexico (D.F.)
POPULATION: 109.6 million (UN, 2009)
MAIN CITIES:
Ciudad de Mexico (D.F.), Monterrey, Guadalajara, Puebla, Toluca, Morelia, Veracruz, Culiacan, Hermosillo, Cuernavaca
AREA: 1.96 million sq km (758,449 sq miles)
MAJOR LANGUAGE: Spanish
MAJOR RELIGION: Christianity
CURRENCY: Peso (MXN)
TIME ZONE: GMT-6
DIALLING CODE: +52
INTERNET DOMAIN: .mx
ECONOMY
Mexico is the biggest trading nation in Latin America and is the 13th largest in the world and 11th by purchasing power parity, according to the World Bank.
KEY INDUSTRIES:
- Food and beverages
- Tobacco
- Chemicals
- Iron and steel petroleum
- Mining
- Textiles
- Clothing
- Motor vehicles
- Consumer durables
- Tourism
EXPORTS – COMMODITIES:
- Manufactured goods
- Oil and oil products
- Silver
- Fruits
- Vegetable
- Coffee
- Cotton
IMPORTS – COMMODITIES
- Metalworking machines
- Steel mill products
- Agricultural machinery
- Electrical equipment
- Car parts for assembly
- Repair parts for motor vehicles
- Aircraft and aircraft parts
EXPORT PARTNERS:
- US 72.25%
- Canada 6.51% (2009)
IMPORT PARTNERS
- US 56.7%
- China 9.35%
- South Korea 5.21% (2009)
Source: www.cia.gov
| SOCIAL ACCOUNTING | |
| Unemployment Index: | 4.81% (Mar 2010) |
| GDP PPP: | 1,459.11 MM US $ 2009 (IMF) |
| PIB Per capita PPP: | 13,541.61 US $ 2009 (IMF) |
| Last GDP Growth Rate: | -5.9% (2009 IMF) |
| GDP Growth Forecasting: | 3.3% (2010 IMF) |
| Economic Activity Rate: | 7.18% (Change 12 month Apr 2010-2009) |
| Interest Rate: | 4.50% (Jul 2010) |
| Exchange Rate: | 12.941 (MXN/USD) Closing Jun 2010 |
| Inflation | |
| Versus Last Month Change: | -0.03% (Change Jun – May 2010) |
| Versus Last Quarter Change: | 3.69% (Change Q2 2010) |
| 12 Month Change: | 3.69% (Change 12 month Jun 2010) |
| Annual Target Rank: | 3% (+/-1) |
| FOREIGN TRADE | |
| Total Exports: | 19,301.5 MM US $ (Accumulated to Jan 2010) |
| Total Imports: | 19,634.1 MM US $ (Accumulated to Jan 2010) |
| Balance of Trade: | -332.6 MM US $ (Accumulated to Jan 2010) |
| Balance of Payments: | 2,107.9 MM US $ (Q1 2010) |
| Current Account: | -542.1 MM US $ (Q1 2010) |
| OTHER INTERESTING TIPS | |
| TREATIES AND INTERNATIONAL AGREEMENTS: | |
| Free Trade Agreement | |
| Japón, Uruguay, AELC, El Salvador y Guatemala ((Mexico – Triángulo del Norte), Honduras (Mexico – Triángulo del Norte), Israel, Union Europea (EU), Chile, Nicaragua, Bolivia, Costa Rica, G-3, Canada – Estados Unidos (TLCAN) | |
| MEMBER OF: | |
| APEC, G-20, G-20, IBRD, IMF, WTO, OECD, IADB, IAEA | |
| Country Risk : | |
| Agency: | Fitch |
| Qualification: | BBB |
| Stable | |
| Agency: | S&P |
| Qualification: | BBB |
| Stable | |
| Agency: | Moody’s |
| Qualification: | A1 |
| Stable | |
| INTERNATIONAL RANKINGS | |
| CORRUPTION PERCEPTIONS INDEX (INTERNATIONAL TRANSPARENCY): | |
| Global Ranking: | 89° (2009) |
| Latin America Ranking: | 11° (2009) |
| Ease of Doing Business Index (World Bank): | |
| Global Ranking Position: | 51° (2010 Report) |
| Latin America Ranking Position: | 3° (2010 Report) |
| GLOBAL COMPETITIVENESS INDEX RANKINGS (WORLD ECONOMIC FORUM): | |
| Global Ranking Position: | 60° (2009 – 2010 Ranking) |
| Global Ranking Position: | 58° (2008 – 2009 Ranking) |
| Latin America Ranking Position: | 6° (2009 – 2010 Ranking) |
| Latin America Ranking Position: | 3° (2008 – 2009 Ranking) |
Source: www.bnamericas.com
ONLINE SOURCES
Ministry of Economy – http://www.economia.gob.mx/swb/swb/
Government Portal – http://www.gob.mx/wb/egobierno/egob_General_Information
Ministry of Tourism – http://www.sectur.gob.mx/wb/secturing/sect_2_home
Visit Mexico – www.visitmexico.com
NEWSPAPERS:
