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Market Information: Mexico

Profile

Capital:
Mexico City

Population: 
119.7 million

Language: 
Spanish

Government: 
Constitutional Republican Federation

Head of State & Government:
President Enrique Peña Nieto (PRI)

Currency: 
Mexican New Peso

CDN$1 = 12.70 pesos (April 2015)

GDP: (billion): 
$1,416.73 (2014)

GDP per capita: 
$11,834.2 (2014)

GDP growth rate:
2.13% (2014)

Unemployment: 
4.75% (2014)

Inflation:
4.02% (2014)
 

Market opportunities

  • Aerospace
  • Agriculture, Food and Beverages
  • Automotive
  • Information and Communication Technology (ICT)
  • Mining
  • Oil and Gas

Trade and investment

  • Mexico has been a North American Free Trade Agreement (NAFTA) member since 1994.
  • Manitoba-Mexico two-way trade was more than $1.0 billion in 2014.
  • In 2014, Mexico was the 4th largest destination for domestic exports.
  • In 2014, Manitoba exports to Mexico exceeded $343.8 million. Main export products included: canola/colza seeds, wheat, pork (fresh/chilled/frozen), uncoated paperboard and malt.
  • Manitoba imported $692.9 million worth of goods from Mexico in 2014. Top imported products included:  Top imported products included: iron tubes/pipes, wheeled toys, transport trucks, tractors and seats.
  • Manitoba accounted for approximately 6.6% of Canada’s exports to Mexico in 2014.