Prasoon Maurya

Country Expert

Mexico Statistics

Mexico is rich in natural resources, like oil, silver, copper, and agricultural products. Its economy boasts a rich diversity of agricultural crops, highly productive oil fields, a growing manufacturing base, as well as strong trade with the United States and Canada.Mexico is the product of a rich Native American heritage, three centuries of Spanish rule, and a shared border with the world’s richest country, the United States.Mexico is a land of extremes, with high mountains and deep canyons in the center of the country, sweeping deserts in the north, and dense rain forests in the south and east.
Both the WTO and the OECD have ranked the country’s workers as the world’s most hard-working individuals in regards to the number of hours worked annually. Despite a hard-working labor force, the profitability per person-hour in Mexico remains significantly low.
$ 1
GDP in Lakh crores
Population (2019)
Area ( km. sq. )
Import Of Mexico :

In 2018 Mexico imported $416B, making it the number 13 trade destination in the world
Main Import Countries

Export Of Mexico :

In 2018 Mexico exported a total of $441B, making it the number 11 exporter in the world.
Main Export Countries

Major Sectors

Automotive Industry Manufacturing Industry Food Industry Electronics Industry Oil Industry

SThe standards of quality for the Mexican automotive industry are internationally recognized and differ from that found in the developing nations and the other Latin American countries because it operates as big assembly manufacturers. Mexico’s automotive industry not only engages in developmental activities and research but also produces technologically complex components.
For instance, the country designs nearly 70% parts of the new Volkswagen Jetta Model. Chrysler, General Motors, and Ford, also known as the ‘Big Three’ have been operating in the country as of the 1930s. Nissan and Volkswagen established their branches sometime around the 1960s while BMW, Mercedes-Benz, Toyota, and Honda later joined the Mexican automotive industry.

Manufacturing plants that take in imported raw materials and produce goods for domestic consumption and export on behalf of foreign companies commonly known as maquiladoras have become Mexico’s trade landmark. The maquiladora sector in the country has heavily benefited from NAFTA to the extent that real income coming from this sector has increased from 1994 by 15.5%. In spite of this, the non-maquiladora sector’s real income has been able to grow much faster. Other sectors of the Mexican industry are now benefiting from the free trade agreement. In the last five years, there has been an increase in shares of non-border states’ exports and a decrease in shares of maquiladora-border states’ exports.

In comparison to Western European countries and the US, large portions of the country’s industrial economy are the manufacturing of food which includes some world-class companies. However, the Mexican regional industry remains undeveloped, and some national brands in Mexico have even become international.

The countries electronic industry has experienced tremendous growth within the last ten years with the country having the world’s sixth largest electronics industry behind China, the US, Japan, South Korea and Taiwan. The country is North America’s second-largest exporter of electronics particularly to the US having exported electronics worth approximately $71.4 billion during the year 2011.

According to the country’ constitution, its mineral resources are considered to be the nation’s property. In this regard, the Mexican government together with several private investors is in charge of administering the country’s energy sector. The country is the world’s sixth-largest oil producer, producing about 3,700,000 barrels daily. Pemex, a Mexican publicly-owned company is responsible for research, oil exploration as well as the sale of oil, and it is the second largest Latin American company after Petrobras found of Brazil and the largest in Mexico.


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Latest News

Trade Fair Exhibition

expo med
Expo Med

Date : 09 - 11 Jun 2020
Place : Centro Citibanamex, Mexico City, Mexico

Paace Automechanika Mexico City

Date : 22 - 24 Jul 2020
Place : Centro Citibanamex, Mexico City, Mexico