Export Import Business In Mexico!!

Mexico is the 12th largest export economy in the world and ranks as the most complex economy according to the economic complexity index. In 2014, Mexico imported a net of $21.3B, where the GDP was $1.29T, and the GDP per capita was $17.3k. Mexico exports crude, petroleum, vehicle parts, cars, delivery trucks, computers, and a large number of other items. Mexico imports refined petroleum, vehicle parts, circuits, broadcasting equipment, and computers. Export import in Mexico is a huge business. The top places that Mexico exports to are the US, Canada, China, Spain, and Brazil. The top places that Mexico imports from are the US, China, Japan, South Korea, and Germany. Mexico does business with some countries by land, such as the US, and some by sea, such as Cuba and Honduras.

The manufacturing business in Mexico has grown massively in the last two decades. Mexico has emerged as a one of the top locations for manufacturing. Mexico’s manufacturing goes into various industries, such as steel, motor vehicles, aerospace, tobacco, food, and chemicals. Mexico is a great choice for companies whose product will end up in the US. Mexico is also a great place for assembly and labor intensive processes. Due to stability and low turnover of workers, costs can remain low. Several multinational companies have found success with manufacturing in Mexico. Two great benefits of manufacturing in Mexico are the North American Free Trade Agreement and the highly motivated workers.

The free trade agreement has created many opportunities and business between the US and Mexico. It allows companies to export duty free. This, combine with low turnover in the workforce, has allowed Mexico to offer complete services for manufacturing. The agreement keeps manufacturing standards high, costs competitive, and maintains a labor pool. Mexico is considered one of the best manufacturing locations in the world. Mexico also focuses on re-export processing units. These industries are located on the US-Mexico border, and most are owned by US corporations.

One of the main functions of these places is assembling and processing imported goods for export back to the US as a duty free finished product. Manufacturing in Mexico has allowed very balance regional and economic development. The infrastructure put in place by the government is excellent, and technological support from companies is always available. These manufacturing plants have been provided with extensive training as well as HR resources.

Ivemsa offers full shelter Mexico manufacturing services. Learn how Ivemsa can help lower manufacturing costs and maximize efficiency.