subject: An Increase In Mexico's International Commerce [print this page] An Increase In Mexico's International Commerce
Mexico is now rising 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 global commerce is impressive and diversified. Diversity is proved with the following statistics: Mexico is the world's 12th biggest economy and the 15th most significant country in the world in terms of international trade in goods.
It is the seventeenth most important country in the world in terms of it's proven oil reserves and thirty fifth biggest in terms of its natural gas reserves. It is 8th in the world in tourism locations. It is the 3rd largest silver producer, producing 16% of the world's silver. One out of every 8 cars sold in the US is made in Mexico.
Mexico has many strategic industries that export a variety of goods all round 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 3rd just to Canada and China in trade with the United States. Trade and commerce with the US and Canada are favored due to 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 too.
There are several reasons to invest in Mexico. The nation's growth of the political and economical environment makes it perfect for investment. Investments are ideal because the local currency is strong and unemployment is on the decrease. Investments come mostly from the US and Spain and consist of 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 domestically and internationally
