Evaluating the market in Mexico

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Country Risk Quarterly

Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.
 

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Global Export Forecast

Read the Global Export Forecast for expert insights from the EDC Economics team on the current trends influencing global trade and Canadian exporting.
 



Read the latest Government of Canada travel advisory for this market.
 

Business environment in Mexico

Mexico is one of Canada's top 10 export destinations. With its growing consumer class, educated labor force and proximity to the United States, Mexico offers many opportunities for Canadian businesses. Canadian investors and exporters can gain immediate access to more than 50 markets globally, given the 15 trade agreements Mexico has signed. Since the beginning of the North American Free Trade Agreement (NAFTA) in 1994, bilateral trade between Canada and Mexico has increased more than ninefold. The current Canada-United States-Mexico Agreement (CUSMA), entered in force in 2020. Canada’s main exports to Mexico are vehicles, machinery, agri-food products and minerals.
  • Aerospace
  • Automotive & Heavy Truck
  • Construction & Infrastructure
  • Mining & Metals 
  • Oil and Gas
  • Plastics and Chemicals
  • Power
  • Telecom

Here’s a helpful tip for doing business in Mexico

Mexican businesspeople are not fond of overt disagreements, so rather than saying “no” they might say “maybe” or “I’ll get back to you” – be wary to not to mistake this for interest.

Access more insights on this country

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From Saskatchewan to Sinaloa: Strengthening Canadian-Mexican agricultural ties

Trade Matters May 01, 2025 Canada and Mexico strengthen agricultural trade and technology for food security and sustainability.

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North American outlook: Tariff headwinds fracture decades of economic co-operation

Article May 01, 2025 Discover how new tariffs threaten North America’s economic future and stability.

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Complying with CUSMA: What Canadian exporters, importers need to know

Blog April 29, 2025 Ensure your products meet CUSMA standards to avoid penalties and reduce trade risks.

Bright, bold Trade Matters banner featuring image of EDC chief economist Stuart Bergman.

Stronger together: The case for increased Canada-Mexico trade co-operation

Trade Matters April 03, 2025 Exploring the benefits of enhanced trade co-operation between Canada and Mexico.

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Navigating trade: How the U.S. election could impact Canadian exporters

Article December 09, 2024 Whether you’re exporting to the U.S. or diversifying to other markets, EDC is here to help

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Canadian automotive export market to Mexico: An expert overview

Article September 10, 2024 EDC Mike Brownhill on how Canadian car and car part manufacturers can enter the Mexican market.

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Interested in growing your business in this market?

If you’re an existing customer, please contact your EDC account manager about any additional support you need. If you’re new to EDC, please contact us weekdays between 9 a.m. and 5 p.m. ET.

1-800-229-0575

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Date modified: 2023-08-03