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Mexico
EDC's Position
Page Content - Key EDC Market
- Actively pursuing business
- Open under all programs, subject to regular approval criteria
| Nominal GDP | 1,154.80 Billion USD | | Population | 113.82 Million | | Total Trade/GDP | 64.71% | | Currency | Mexican Peso (MXP) | | Merchandise Imports from Canada | 5475.53 Million CAD | | Canadian direct investment | 4237 Million CAD | | Main imports | Intermediate, Capital & Consumer Goods | | Canadian companies assisted | 760 | | International buyers insured | 1987 | | Business volume | 2,495.96 Million CAD |
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Page Content Center Right Business Environment
Mexico’s large population makes it a rich source of opportunities for Canadian businesses. Since the entry in force of the North American Free Trade Agreement (NAFTA) in 1994, bilateral trade between Canada and Mexico has more than quadrupled reaching USD33bn in 2011. Mexico is Canada’s fifth-largest export market. During the past 10 years, we have provided more than USD20bn in financial trade support for Canadian companies doing business in Mexico. Canada is also the fourth-largest foreign investor in Mexico counting for over USD11bn of accumulated FDI inflows since 2000. There are an estimated 2,500 Canadian affiliates based out of Mexico, the largest ones being Goldcorp, Bombardier and Scotiabank. Given Mexico’s commitment to free trade Canadian investors and exporters can also gain immediate access to over 40 markets across the world with which Mexico has signed trade agreements.
Key Industries
- Aerospace
- Automotive
- Agriculture
- Mining & Metals
- Oil and Gas
- Plastics & Chemicals
- Power
- Telecom
How we can support your business
Through our representations in Mexico City and Monterrey, Mexico, we provide on-the-ground support to Canadian companies planning on or currently doing business in Mexico. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.
- We are well positioned to help Canadian companies through a range of financing and risk management services.
- Learn more about our service offering.
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Where does this information come from?
The information displayed in this table is extracted from the Trade Opportunities Matrix (TOM), an EDC tool used to rank opportunities based on a range of economic, financial and industry-specific criteria. It is important keep in mind that the TOM rankings refer to potential export opportunities, which may not reflect actual Canadian exports. - TOM is an empirically-based tool that provides an objective and forward-looking analysis of the most attractive markets for Canadian exporters.
- Using up-to-date economic and financial criteria, TOM ranks Canadian export opportunities in 44 industries, across 69 countries.
- TOM provides an objective starting point for export market research, which can be used to complement in-depth industry analysis and sector-specific knowledge.
Please refer to the TOM background paper for additional details.
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Company
America Movil S.A.B de C.V.
Comision Federal de Electricidad
Controladora Mabe, S.A. DE C.V.
Metalsa, S.A. de C.V.
Minera Frisco, S.A.B. de C.V.
Navistar Financial Corporation
P.M.I. TRADING LIMITED
Petróleos Mexicanos
Tenedora Nemak, S.A. de C.V. |
Industry/Sector
Telecom
Construction & Infrastructure
Consumer Goods
Automotive and Heavy Truck
Mining & Metals
Automotive and Heavy Truck
Oil & Gas
Oil & Gas
Automotive and Heavy Truck |
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