Mexico is a country in the southern portion of North America, between the U.S. and Central America. The Mexican peso is the currency of Mexico. It is bordered to the north by the United States; to the south and west by the Pacific Ocean. Mexico’s one of the fact is that they produced approx. 5,600 MT silver in Mexico, which gives them the title of the largest silver producer in the world. The pyramid called Chichen Itza which is one of the seven wonders in the world, It is one of the most visited archaeological sites in Mexico with over 2.6 million tourists.
Mexico’s Export to world –
Exports have been an engine of economic growth in Mexico .Mexico is currently the 13th largest export country in the world with annual exports of $370 billion.
Major exports are:- Vehicles (25.6 % of Mexico’s total export); Electrical Machinery and equipment (18.2 % ); Machinery including computers ( 16.7 %); Mineral fuels ( 6.6 % like- Oil etc.); Optical, technical and medical apparatus (4.2 %); Furniture and others ( 2.4 %); Plastics and other articles ( 2.1 %) etc.
Mexico’s Major export partners are: – United States ( 76.5% of total Mexico’s exports); Canada (3.1 %); China (1.6 %); Germany (1.6 %); Brazil ( 1%); Colombia (0.8 %) etc.
Mexico’s total export to world:-
Mexico’s Import from world –
Mexico is currently the 13th largest importing country in the world with annual imports of $460 billion in year 2018. Major import are – Electrical machinery and equipment (20.4% of total imports); Machinery and including computers (16.7 %); Mineral fuels including oil (10 %); Vehicles (9.3 %); Plastics and plastic articles (5.4 %); Optical, Technical, and Medical apparatus (3.3 %); Iron and Steel (2.5 %) etc. Mexico’s Major Imports partners are: – United State (54.0 % of total import); China (10.7 %); Japan (5.45 %); Germany (4.3 %); South Korea (3.8 %); Canada (3.1 %); Italy (1.7 %); Brazil (1.65 %); etc.
Trade between Mexico to India:-
Trade between the two country ( India to Mexico) has been steadily increasing on an average of 30% each year. Total trade value between India to Mexico 8.5 billion USD.
Indian Companies invested approx. $ 70 million USD in Mexico.
Mexico Companies invested approx. $280 million USD in India.
India’s main exports to Mexico are- Textiles, Gems, Jewelry, Leather, and Software.
Mexico’s main export to India are- Petroleum, Machinery, Fertilizers and Chemicals.
Mexico’s top product export to India –Mexico is now the top destination of India’s exports to Latin America. Mexico, the second-largest economy in the region has been growing and India’s exports to that country have also been steadily increasing. Mexico’s main exports to India is petroleum, machinery, fertilizers and chemicals.