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 Canada's 3rd most important trading partner and top export destination in Latin America. With a growing consumer class, educated labor force, and proximity to the U.S., Mexico offers many opportunities for Canadian businesses. Canadian investors and exporters can access over 50 markets globally through Mexico's 15 trade agreements. Since NAFTA began in 1994, bilateral trade has increased over tenfold. The current CUSMA (2020) and CPTPP (2018) further strengthen bilateral ties. Canada's main exports to Mexico are vehicles, machinery, agri-food products, and minerals. In 2024, Canada was the third-largest foreign investor in Mexico, with USD 51B, mainly in mining, transport, manufact
  • 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