29/03/2024 - 07:58:50
You are here: Página InicialPublications MARKET BRIEFING –MEXICO

Pesquisar

MARKET BRIEFING –MEXICO

MARKET BRIEFING –MEXICO

central business district of capital-Mexico City
Centro Banamex is a world-class convention and exhibition center located in Mexico City
The Green Expo 2013

OVERALL ECONOMIC SITUATION

Mexico is located on the south of North America. It borders the United States in the north, Guatemala and Belize in the south, Gulf of Mexico and the Caribbean Sea in the east and the Pacific Ocean in the south-west. Mexico is a major economy in Latin America, a member of the North American Free Trade Zones and an open economy which has signed free trade agreements with 44 countries. The country has diverse industries with a relatively more developed petro-chemical, electricity, mining, metallurgy and the manufacturing industry.

Major energy resources include petroleum, natural gas, uranium and coal. Metal mining include iron, magnesium, copper, lead, zinc, gold, silver, antimony, mercury, tungsten, molybdenum, vanadium. Non-metal mining includes sulphur, graphite, wollastonite, trona and fluorite.

BUSINESSOPPORTUNITIES

Industry

Industry is a major component of Mexico’s domestic economy, providing 30% of the employment in the country. The country possesses a comparatively complete and diverse industrial system, including light industries such as food, textiles, leather production, clothing, paper-making, as well as heavy industry like iron and steel, petro-chemical, automobiles, machinery production. The energy industry is relatively more developed, with long established industries such as petroleum and mining. The manufacturing industry is one of the most important industries in Mexico, comprising of over 80% of export revenue and a quarter of the GDP.

Mining

Mexico is the largest mining surveying and investment destination in Latin America and ranks fourth worldwide. From 2007 to 2012, the mining industry attracted investment of US$25 billion. According to the Mexican Mining Chamber, the industry drew in nearly US$8 billion in 2013, showing a year-on-year increase of 4.6%.

Agriculture

Mexico’s major seasonal cash crops include corn, sorghum, barley, string beans, wheat, rice, potatoes and chilli peppers, perennial cash crops include coffee, oranges, mangos, lemons, avocados, bananas, peaches and grapes. Total ranch area covers 7,900 hectares with major livestock reared being cattle, pigs, sheep, horses and chickens. Major agriculture regions are Sinaloa, Tamaulipas, Zacatecas and Guanajuato.

Service Industry

Service industry mainly includes business, finance, telecommunications, real estate, tourism, insurance, advertising and media. According to the data provided by the National Statistical Institute of Mexico, the service industry grew by 2.1% in 2013, contributing to 60% of the GDP, being the major force of national economic growth for three consecutive years.

MAIN ECONOMIC INDICATORS 2013
Gross Domestic Product (Us$ billion) 1.845
Real GDP growth (%) 1.2
GDP per capita (Us$) 15,600
Inflation (%) 4
Land area (sq km) 1,964,375
Population (Million) 120.2

Source: CIA-The World Factbook, https://www.cia.gov/library/publ … ctbook/geos/pe.html

FOREIGN TRADE FROM 2009 TO 2013

(unit: Us$ Billion)
Year
Total Trade
Exports
Imports
2013 741.6 370.9 370.7
2012 700.5 349.6 350.9
2011 700.5 349.7 350.8
2010 609 303 306
2009 464.2 229.8 234.4

Major Export Commodities: manufactured goods, oil and oil products, silver, fruits, vegetables, coffee, cotton

Main Import Commodities: metalworking machines, steel mill products, agricultural machinery, electrical equipment, car parts for assembly, repair parts for motor vehicles, aircraft, and aircraft parts

source:
1.CIA-The World Factbook, https://www.cia.gov/library/publ … ctbook/geos/ve.html
2.Index Mundi-Country Fact, http://www.indexmundi.com/venezuela/

Main Destinations for Exports (2012) %
Us 78
Main Origin for Imports (2012) %
Us 49.9
China 15.4
Japan 4.8

source:https://www.cia.gov/library/publ … ctbook/geos/pe.html

MAINLAND CHINA – MEXICO

(US$100 million)
Year Total Exports Imports
2013 392.17 289.68 102.49
2012 366.76 275.18 91.58

source:
1.Ministry of Commerce of the People’s Republic of China, http://mds.mofcom.gov.cn/article/Nocategory/

MACAO – MEXICO BILATERAL TRADE 2013

Type of Trade Weight (KG) Patacas
Imports 468,704 43,064,796
exports 168,750 9,256,731

source: The Statistics and Census Service, http://www.dsec.gov.mo/

SOURCE:
1. T he Ministry of Foreign Affairs of the People’s Republic of Chinahttp://www.fmprc.gov.cn/chn/default.htm

2. T he Ministry of Commerce of the People’s Republic of Chinahttp://zhs.mofcom.gov.cn/

3.T he Economic and Commercial Counselor’s Office of the Embassy of the People’s Republic of China in the Mexicohttp://co.mofcom.gov.cn/

4. The Statistics and Census Servicehttp://www.dsec.gov.mo/

5. The World Factbookhttp://www.cia.gov/

MAJOR WEBSITE RECOMMENDATIONS :
http://www.peru.gob.pe/