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ABOUT MARXICO FREE

Two-way trade in goods and services between the United States and Mexico totaled USD 725.7 billion in 2021, positioning Mexico as the second-largest overall U.S. IMF forecasts that Mexico will achieve 2 percent GDP growth in 2022, so long as the public health situation continues to improve and other external factors such as inflation and supply chain disruptions remain manageable. According to the International Monetary Fund (IMF), Mexico’s real GDP growth rate for 2020 was -8.5 percent, which rebounded to 4.8 percent in 2021. Additionally, the country’s economy was hit hard by the COVID-19 pandemic, lockdowns, and the accompanying economic contractions elsewhere around the world. Still, Mexico’s 2.0 percent average annual GDP growth rate since the signing of NAFTA in 1993 has been slower than most emerging markets due in part to its high rates of labor informality (56 percent), poverty (44 percent), and declining oil production. Mexico remains an upper–middle-income member of the G-20 and OECD with a per capita GDP of USD 10,040. Its USD 1.29 trillion economiey is the second-largest in Latin America, and the country maintains deep trade and investment ties with the United States. Mexico is the largest Spanish-speaking country in the world. Close cultural, social, and economic ties make Mexico a natural market to consider for first-time exporters and those firms looking for new export markets.

ABOUT MARXICO FREE

The United States–Mexico–Canada Agreement (USMCA), which replaced the North American Free Trade Agreement (NAFTA) on July 1, 2020, provides additional trade-related benefits for U.S. products and services have ample market opportunities.

Given Mexico’s large, diversified market, most U.S.

Despite global headwinds related to ongoing COVID 19-linked supply chain disruptions, inflation, and geopolitical instability, Mexico’s economy is expected to achieve low but steady levels of growth in 2022 and beyond driven in large part by external demand.

Mexico is the 16th-largest economy in the world and has generally enjoyed slow, but stable economic growth since the 1990s.

companies should consider exporting to Mexico: This section provides a market overview for doing business in one of the largest and most vibrant markets for U.S. firms identify and navigate opportunities for selling products and services in Mexico. Economic Development Organizations (EDO).Foreign Direct Investment Attraction Events.Facing a Foreign Trade AD/CVD or Safeguard Investigation?.