• Mexico

    Mexico

     Development challenges
    Underpinned by the economic liberalization policies implemented during the 1990s, México has become one of the most promising emerging economies. With a GDP reaching US$ 1.185 trillion in 2011, México is the second largest economy in Latin America, only surpassed by Brazil . Mexico is also one of the only two Latin American members of the OECD (the other is Chile). Between 2001 and 2008, its economy had an average annual GDP growth rate of 2,5% , in line with its potential growth rate . Mexico’s per capita GNI in 2011 is at the “upper-middle” income level (US$15,100), and it also presents a high Human Development Index (0.77), which places the country in 57th position of 187 countries. Mexico was severely affected by the financial crisis, registering an acute decrease of 6.5 % in its GDP in 2009, but the country recovered quickly, with GDP growth returning to positive levels in 2010 (5.4% ) and 2011 (3.8%) as exports increased. Mexico´s most important development challenges:

    • Poverty and inequality, which persist with 18% of the population regarded as food-poor and 45% as asset-poor. Mexico´s Distribution of Family Income (Gini) index was 51.8 in 2008
    • Overreliance on foreign remittances, oil revenues and exports of commodities
    • Public security
    • Large informal sector with 25% of the economically active population underemployed
    • Skills gap and labor migration

    Key trade issues 

    • Strengthen export competitiveness, particularly for value added exports and services
    •  Diversify exports and trading partners. Currently, the United States and Canada purchase 81% of México’s exports, with the former buying almost three quarters of all exports
    •  Intensify trade and integration relationships. México has free trade agreements with over 50 coutries, representing over 90 % of its trade.
    • Start negotiations to join the Trans- Pacific American and Pacific countries

     Government priorities

    The development priorities of the Mexican Government are defined in its Mexico Vision 2030 and in the National Development Plan 2007- 2012 (NDP). The main strategic priorities are:

    • Strengthen institutions, improve justice system and public security  
    •  Improve Mexican infrastructure
    •  Create a competitive economy that creates jobs, increases competitiveness, and promotes technology developmentPromote equality of opportunity, reduce poverty and income inequality, improve access to public services, expand and improve the quality of education and reduce gender gaps
    •  Environmental sustainability
    • Implement good governance and increase Mexico´s role in international affairs, currently supported by the country holding the presidency of the G-20. 

    •  

           

          Trade and Tariff Graphs

          Graphs of the country’s export markets, its export performance in a key sector and tariffs exporters of a sample product face.
          Trademap sample Trademap sample: The map uses color codes to illustrate the relative size of different markets in the overall exports of the country shown in pink.
          Trademap sample Trademap sample: The vertical axis shows import values by key importing countries, while the horizontal axis shows export values by the country for the same sector. I.e. the country has gained market share in the case of an importing country at the bottom right of chart and lost market share for countries top left. The size of circles is proportional to market size.
          Market access map sample Market access map sample: The world map shows trade values and tariff levels for a key export product by importing countries. Color codes indicate protection levels. Red circles denote trade volumes.

          Trade and Investment Data

          Detailed data on the country’s export performance, key imports and foreign investment, grouped by product and service categories (HS and BOP).

          Trade Information Sources

          A listing of country specific print and online publications on trade related topics. Includes information from both ITC and external sources.

          Trade Contacts

          The most important trade contacts, including importers’ and exporters’ associations, trade support institutions, trade promotion organizations and institutions providing business development assistance.