Last Update: 05/08/2022
Commercial Strength
In the 80’s, Mexico undertook important efforts towards its economic and commercial opening, a process that included the consolidation and diversification of its exports. This actions placed the country among the most important exporters in the world. According to Banco de México, in 2021 exports of Mexican goods and services accounted for more than USD 465 billion, representing 49% of the country’s GDP. Mexico ranked in 2021 as the 12th exporter and the 12th importer in the world, according to the Bank of Mexico and the World Bank. The International Monetary Fund expects a sustained growth of Mexican exports of goods and services for the following years.
In 2021, Mexican exports represented 37.9% of Latin American total exports, and consolidated as the leader exporter of the region.[1]. It is important to mention that Mexico stood for more than 50% of the region’s exports of manufactures involving intermediate and advanced technologies.
[1] World Bank, 2021
Actually, Mexico has a solid and mature industry, especially in sectors such as metal mechanic, aerospace, automotive, electrical and electronic. As a result, Mexican exports of industrialized goods, particularly those with high added value, have shown an important growth compared with oil related products and raw materials.
Mexico has signed 11 Free Trade Agreements with 45 countries and an Economic Partnership Agreement with Japan that provide preferred access to Mexican goods and services to the most important markets in the world. The purchase power of this markets represent more than 50% of the gross world product, and more than 1.1 billion people.
USMCA
| In Force Since | Countries | % of Gross World Product | Population (million) |
| 07/01/2020 |
United States Canada |
26.7 | 365 |
European Union Free Trade Agreement
| In Force Since | Countries | % of Gross World Product | Population (millon) |
| 7/1/2000 | Germany Austria Belgium Bulgaria Cyprus Croatia Denmark Slovakia Slovenia Spain Estonia Finland France Greece Hungary Ireland Italy Latvia Lithuania Luxembourg Malta Netherlands Poland Portugal Czech Republic Rumania Sweden |
17.94 | 447 |
Economic Partnership Agreement Japan
| In Force Since | Country | % of Gross World Product | Population (million) |
| 4/1/2005 | Japan | 5.97 | 126 |
European Free Trade Association
| In Force Since | Countries | % of Gross World Product | Population (million) |
| 10/1/2001 | Iceland Liechtenstein Norway Switzerland |
1.34 | 14 |
Colombia FTA
| In Force Since | Countries | % of Gross World Product | Populaton (million) |
| 1/1/1995 | Colombia | 0.32 | 50 |
Chile FTA
| In Force Since | Country | % of Gross World Product | Population (million) |
| 8/1/1999 | Chile | 0.3 | 19 |
Israel FTA
| In Force Since | Country | % of Gross World Product | Population (million) |
| 7/1/1999 | Israel | 0.5 | 9 |
Peru FTA
| In Force Since | Country | % of Gross World Product | Population (million) |
| 2/1/2012 | Peru | 0.24 | 32 |
Central America FTA
| In Force Since | Countries | % of Gross World Product | Population (million) |
| 7/1/2013 | El Salvador Nicaragua Honduras Costa Rica Guatemala |
0.24 | 44 |
Uruguay FTA
| In Force Since | Country | % of Gross World Product | Population (million) |
| 7/15/2004 | Uruguay | 0.07 | 3.4 |
Panama FTA
| In Force Since | Country | % of Gross World Product | Population (million) |
| 7/1/2015 | Panama | 0.06 | 4 |
Pacific Alliance
The Pacific Alliance is a trade bloc formed by Mexico, Chile, Colombia and Peru, and is a platform to encourage economic cooperation with the Asia-Pacific region. While seeking the integration of these Latin American economies, this agreement gives Mexico a new alternative for its trade liberalization with Latin America by establishing new commercial and investment ties with the members of the alliance. This bloc represents 58.5% of Latin American GDP, 52% of its trade and 45% of its foreign investment flows. Likewise, the Pacific Alliance represents a population of over 230 million people with an average per capita GDP of 17,172 USD (in terms of purchasing power).[1]
[1] Pacific Alliance, 2020.
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Mexico.[1] It has been ratified by Mexico and began on December 30th, 2018.
This agreement is part of a long term strategy designed to complement the benefits of the North America Free Trade Agreement, as well as reinforce the Pacific Alliance.
Once ratified by its members, it is foreseen that this partnership will open new business, investment and job opportunities to Mexican companies in six new markets.
[1] Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
In addition to these agreements, Mexico has signed Economic Complementary Agreements, Partial Scope Agreements, and Cooperation Agreements that place it as one of the most open countries in the world.
For more information, please refer to the Trade and Investement Section of the Ministry of Economy (Secretaría de Economía).
