GBA LATAM Insights

MEXICO is the 16th economy in the world in terms of, and the 21th most complex economy according to the Economic Complexity Index (ECI).Foreign trade accounts for a large share of the economy. Mexico trade ranks 11th among the world economies in exports and12^thinimports, with a total merchandise trade of 928 billion USD in 2019.

In March exports grew 12.15% annually, their highest increase since 2018, driven mainly by oil exports (70.8%).Imports increased 31.4% annually, with non-oil imports recording the highest growth (24%).

According to the Undersecretary of Finance, the Mexican economy is projected to be fully open between August and September of this year;  the growing vaccination of Mexican population will allow greater reopening of tourist and recreational activities.

The Agreement for the Promotion and Protection of Investments Mexico – Hong Kong entered into force on June 16, 2021.