The Contribution Of International Trade On Economic Growth

China and Mexico are well known in the IT sector for outsourcing customer service. IT companies face high labor and insurance costs when retaining services domestically. Between government rules and regulations, increasing energy prices, and various other factors, outsourcing customer service for IT has become a more and more appealing option. Mexico is the first on the short list of countries that business activities significantly decrease in cost while maintaining quality operating control. Every country’s economy is dependent on international trade, import, and export between other countries. The import export of Mexico depends on many things.

Some of the main Exports of Mexico - China are:

• Automobiles – Automobiles are the main export of Mexico. Many car manufacturers throughout the world have their products built in Mexico. Mexico has increased its car manufacturing by 7 models each year for the past few years.

• Oil and products – Oil and its various by products are exported more frequently from Mexico each year. Mexico is capable of producing 5 million barrels of oil per day, making them one of the world’s top oil producers. Crude oil and natural gas also account for a large percentage of Mexico’s exports.

• Food – Various fruits, vegetables, and coffees are some of the main food exports cultivated in Mexico. Various cultural products such as breads, pastries, and chocolates are also exported. Mexico is the second largest bottler of some of the world’s most famous soft drinks.

• Electronics – Mexico is the second largest manufacturer for industry, after China. Every year, Mexico produces large numbers of smart phones, TVs, LED and LCD screens, and various other electronic products. A large portion of Mexico’s economic growth is dependent on their electronics sector. Mexico also has their own telecoms companies, such as Zonda, a strong competitor to Sony and Samsung.

Mexico is frequently used for assembly of high quality products that are exported, most often, to the UK and US. Mexico imports a large variety of electrical supplies, plastic, machine engine, vehicles, oil, medical equipment, iron and steel products, rubber and non-industrial imports. Tobacco is one of the fastest growing and most in demand products, as well. Mexico is a trade partner of Chine and other countries. This allows for even faster economic growth, allowing companies who use Mexico’s services to take advantage of these connections when exporting to those countries. International trade between two or more countries has a great impact on import and export for both countries’ economies. Poor relationships between countries can lead to unstable trade environments. With the advancement of technology, trade has become much easier and more convenient. The Internet plays a huge role in trading various goods and services across the world. Trading transactions are also completed much quicker through the Internet. A wide variety of companies use the Internet for almost every good and service you can think of. Mexico import and export or trade will continue to grow as more and more companies take advantage of the cost savings and trade advantages supplied through Mexico.

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