HOW TO EXPORT TO MEXICO
Familiarize yourself with the key aspects to carry out business internationalization in Mexico. Design the necessary strategy so that you can successfully establish yourself in the Mexican market.
Why export to Mexico?
Mexico has a growing economy and a large number of potential consumers. The country has a wide variety of natural resources and a wide range of industrial sectors.
- 130 million
- growing economy
- Second market in Latin America
- Strategic location due to its proximity to the US
GROW
INTERNATIONALLY!
How Business in Mexico
Personal relationships are important in business in Mexico. The use of titles and last names is common in first meetings, and it is important to treat clients and business partners with respect and courtesy. In Mexico, establishing long-term relationships and building mutual trust is valued. It is important to take the time to get to know business partners and build a strong relationship.
Opportunities and difficulties to operate in Mexico
Mexico, located in the North American region, covers a territorial area of 1.964.375 km2 and is home to a population that exceeds 127 million inhabitants. Its capital is Mexico City and its official currency is the Mexican peso. Ranked among the fifteen most prominent economies worldwide, Mexico holds second place in Latin America in terms of economic size. It is distinguished by its close relationship with the United States, which is its main trading partner and the destination of 80% of its exports. However, to position yourself in the Mexican market you must pay special attention to the following factors:
- Excessive bureaucracy and lack of transparency
- Difficulty obtaining the necessary licenses to operate
- Corruption and business insecurity
- Highly competitive market that creates difficulty in competing with other local and foreign companies
- Challenges regarding the quality and accessibility of transportation and communication services; affecting the efficiency and costs of business operations
