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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 GDP1,143.70 Billion USD
Population127.02 Million
Total Trade/GDP72.75%
CurrencyMexican Peso (MXN)
Merchandise Imports from Canada6,591.95 Million CAD
Canadian direct investment14,816 Million CAD
Main importsIntermediate, Capital and Consumer Goods

EDC in Mexico

Canadian companies assisted773
International buyers insured1,199
Business volume3,225.46 Million CAD

Business Environment

Mexico’s growing consumer class and favourable labour demographics make it a rich source of opportunities for Canadian businesses. Given Mexico’s commitment to free trade, Canadian investors and exporters can gain immediate access to over 40 markets across the world given the numerous 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 more than quadrupled reaching almost CAD 34.3bn in 2014. Mexico is Canada’s fifth-largest export market and as of 2014, Canadian direct investment into Mexico totaled CAD 13B, 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 U.S. market and benefit from the country's growing industrial base. In addition, 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.

Consult our interactive Country Risk Quarterly report.

 

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