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Mexico

EDC Position-open all programs

EDC's Position

  • Key EDC Market
  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria

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Country At A Glance

Flag of Mexico
Map of Mexico

Country Facts

Nominal GDP1,258.50 Billion USD
Population116.20 Million
Total Trade/GDP64.28%
CurrencyMexican Peso (MXN)
Merchandise Imports from Canada5,428.79 Million CAD
Canadian direct investment12,289 Million CAD
Main importsIntermediate, Capital and Consumer Goods

EDC in Mexico

Canadian companies assisted754
International buyers insured2,064
Business volume2,519.93 Million CAD

Business Environment

Mexico’s growing consumer class and favorable labour demographics makes it a rich source of opportunities for Canadian businesses.  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. 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 almost USD 33bn in 2013. Mexico is Canada’s fifth-largest export market. Among the many Canadian affiliates based out of Mexico, the largest ones are Goldcorp, Bombardier and Scotiabank. As of 2013, Canadian direct investment into Mexico totaled CAD 12.3bn, amongst the top countries in the world. A number of foreign companies are re-shoring their manufacturing operations from China to Mexico to better access the US market and benefit from the country's growing industrial base. Mexico has recently introduced major reforms with the ultimate goal of increasing competitiveness and economic growth. The government expects these reforms, most notably on energy, to have a positive impact on trade and investment in the country.    

Key Industries

  • Aerospace
  • Agriculture
  • Automotive & Heavy Truck
  • Construction & Infrastructure
  • Mining & Metals
  • Oil and Gas
  • Plastics and Chemicals
  • Power
  • Telecom

How we can support your business

Through our representations in Mexico City and Monterrey, 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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