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Mexico

Nominal GDP (2007):
USD 890 billion

Population (2007):
109 million

Total Trade / GDP (2007):
62%

Currency:
Mexican Peso (MXP)

Merchandise imports from Canada (2007):
USD 8.0 billion

Main imports:
Intermediate goods (52%)
Consumer goods (27%)

+ more

 

EDC in Mexico 2008

Canadian companies assisted:
650

International buyers insured:
1609

Business volume (CAD$):
1,725.0 M

Country Information

Mexico

Mexico is quickly integrating its economy as part of the North American Free Trade Agreement (NAFTA) block. The market offers excellent opportunities to Canadians, as reflected in the expansion of exports of Canadian goods and services to Mexico and the increasing levels of two-way investment.  There are solid prospects for Canadian companies across a wide range of sectors, including: oil and gas services; mining equipment and services; telecommunications; automotive; aerospace; power; and environmental applications.

EDC's Position

  • Actively seeking new business
  • Open under all programs, subject to EDC's regular approval criteria

With representations in Mexico City and Monterrey, EDC is actively providing on-the-ground support to Canadian companies doing business in Mexico. Through its regional representatives, EDC has developed strong relationships with major local clients and an extensive network of local contacts to assist Canadian companies. EDC is well positioned to help Canadian companies finance and manage credit risk associated with sales to Mexican buyers, and to support Canadian investment in the market.

Discover New Markets

A guide to the most promising new markets for Canadian goods and services.


Contact EDC
  • 1-888-332-7844
  • latinamerica@edc.ca

  • EDC Representative for this location
EDC Representatives in Mexico
Are You a Canadian Exporter or Investor?
We can help you...
  • Manage your receivables
  • Access more working capital
  • Grow your international sales
  • Research potential customers
Are You an International Buyer?
We can help you...
  • Purchase Canadian goods and services through a direct loan
  • Secure additional financing through financial institutions
  • Access new or existing lines of credit
Top Ten Potential Sectors from EDC’s Trade Opportunities Matrix
RankingMexicoActual Canadian Exports to Mexico 2008 (CAD$)Canada's Share of Mexico Imports (%) (1)Domestic Market Growth Forecast 2009 (%)Domestic Market Growth Forecast 2010 (%)
1ISIC 3843 - Motor Vehicles & Parts Mexico847,076,5843.69.73.8
2ISIC 1 - Agriculture, Hunting, Forestry, Fishing Mexico1,077,006,787818.415.9
3ISIC 311 - Processed Food Products Mexico408,054,8013.95.85.9
4ISIC 351 - Industrial Chemicals Mexico338,239,9441.647.716.1
5ISIC 21 & 22 - Energy (oil and gas) Mexico180,037,2591.363.121.3
6ISIC 3829 - Other Machinery & Equipment Mexico283,401,4900.73-21.319.5
7ISIC 371 - Iron & Steel Mexico389,319,9693.7815.334.6
8ISIC 3842 - Railroad Equipment Mexico39,495,3556.3831.3-3.7
9ISIC 341 - Paper & Products Mexico181,687,9404.169.110
10ISIC 383 - Electrical & Electronic Products Mexico266,650,4590.38-42.2-18.2
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.
Related Documents
1. 2010/08 - Mexico Country Overview (PDF Format)
2. Export Development Canada celebrates 10th anniversary of Mexico representation - EDC
3. 2008/07/31 - Mexico: The three Ps: PRD, plebiscite, and PEMEX - EDC
4. EDC-Mabe agreement promotes new Canadian exports to Mexico - EDC
5. Mexico Feeling Global Recovery - February 18, 2004 - EDC
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