4th Borderless Business Congress

What kind of economy does mexico have? Breaking down myths

What kind of economy does Mexico have? There are some myths regarding this, but we will break them down and talk about the many strengths of this country.
what-kind-of-economy-does-mexico-have
Main topics

People from around the world may see a duality in Mexico. It figures as one of the best countries for setting up a business, but there are some doubts about their economy. What kind of economy does Mexico have? There are myths that say this is a hopeless country for businesses because it does not have economic stability. If you really want to know this, we invite you to keep reading.

World’s Largest Economies

Mexico figures among the top 15 largest economies of the world and takes the second position among Latin American countries. Its free market has enough stability to keep growing and attracting investors.

The economy in Mexico is oriented toward industry, agriculture, livestock, and raw materials. Due to this and other reasons, it’s also among the countries receiving the most foreign direct investment. Let’s talk about the strengths of this country.

  • Raw materials
    Mexico is a powerful source of raw materials that are exported to the whole globe. This is the kind of country that has everything, from precious metals and minerals to crude oil, plastics, and more elements, which are being sent to foreign countries.
  • Agriculture and livestock
    This country exports a wide variety of fruits and vegetables to the US and other countries. Among the major exports are avocados, strawberries, tomatoes, bananas, limes, cucumbers, melons, and mangoes.
  • Industry
    The industry is an essential part of Mexico’s economy; a foundation that makes the country strive for better results each day. The industry exports all types of products, but most vehicles, electrical components, medical devices, plastic articles, and computers.
  • Free-trade agreements
    Mexico is the country with more free-trade agreements that seek international cooperation. NAFTA is among them, and perhaps the most important one.
  • Tourism
    If the former was not enough, Mexico is also among the most visited countries for tourism. It has beaches, forests, mountains, national parks, and interesting cities.

As described, Mexico’s economy has everything to stay on the world’s largest economies list. Its elements show that foreign companies have nothing to fear because every need can be met here.

If you want to know more about Mexico’s economy, contact Tijuana EDC. They’ll advise you and help you make a wise decision regarding your foreign investment in Mexico.

Ready to connect your business with a world of new opportunities?

If you seek growth, visibility, and valuable connections, become a member today and elevate your business to the next level!
At Tijuana EDC, we facilitate your investment process by providing specialized consultancy, connecting you with regional professionals, and accessing government incentives.
The New U S President And His Impact On The Bilateral Relationship
The New U.S. President and His Impact on the Bilateral Relationship

This article analyzes the main challenges and opportunities Mexico faces with the arrival of the new U.S. president. From the impact of potential trade tariffs and mass deportations to the implications for energy transition and the USMCA, it addresses the key economic factors that will shape the bilateral relationship in the coming years, highlighting the importance of nearshoring and strategic collaboration between both nations.

Join our Newsletter

Sign up to receive exclusive white papers and industry insights.