Mexico is now emerging as an economic player in the world's economy. With a wider range of investments, imports and exports than ever before, Mexico's economy and contribution to international commerce is impressive and diversified. Diversity is proven with the following statistics: Mexico is the world's 12th largest economy and the 15th most significant nation in the world in terms of international trade in goods.
Its the seventeenth most important country in the world in terms of its proven oil reserves and 35th largest in terms of its natural gas reserves. It is 8th in the world in tourism locations. It is the 3rd biggest silver producer, producing 16% of the world's silver. One out of every 8 cars sold in the US is made in Mexico.
There are several strategic industries in Mexico that export a wide variety of goods to different countries around the world. Commerce in Mexico, through exports, includes aerospace products, automobiles, automobile parts and medical, surgical, dental & veterinary instruments. Television sets and silver are among several other exports. Other upcoming exports include computers, and telecommunication equipment. Imports include electrical machinery, electrical equipment, mineral fuels, oils, vehicles and plastics. Trade between the US and Mexico has increased dramatically.
Between the years 1997 and 2007, commerce increased from $176.37 billion to $363.97 billion. That is a 7.5% a year increase. Mexico is third just to Canada and China in trade with the United States. Trade and commerce with the United States and Canada are preferential because of Mexico's North American location. As a matter of fact, the government of Canada has named Mexico as a Global Commerce Strategy priority market.
Market opportunities include automobile and manufacturing, motor vehicles and parts, electrical machinery and electronic gear. The modern Mexican economy has market potential in water treatment, solid waste management and renewable energy as well.
There are several reasons to invest in Mexico. The nation's growth of the political and economical environment makes it ideal for investment. Investments are perfect because the local currency is strong and unemployment is on the decrease. Investments come primarily from the United States and Spain and include real estate, tourism and an rising mortgage market.
Other investments include construction and the re location of businesses to Mexico because of it's low property taxes, and free trade zones. Mexico's economy is right for investment, trade and commerce both locally and internationally.
Author Resource:-
ProMexico is the Mexican Government institution in charge of strengthening Mexico's participation in the international trade (comercio). With this objective in mind, the institution supports the export activity of companies established in the country and co-ordinates actions to attract foreign direct investment to national territory. ProMexico was established on June 13, 2007, as a sectoral public trust under the Ministry of the Economy, and operates through a network of 25 offices throughout Mexico and more than 27 offices abroad. Visit the website http://www.promexico.gob.mx to know more.
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