Strategic Growth Forum® Mexico
- Mexico has 12 free trade agreements that allow preferential access to 44 countries, representing more than a billion potential consumers, nearly 70 percent of global GDP.
- Mexico's balance of trade reflected a surplus for 2012, and has reached an all-time high in March 2013.
- Its main trading partner is the United States with 78% of total exports and 51% of imports.
- It is the leading exporter in Latin America, exporting more than the rest of the Latin American countries combined (Brazil included).
- The country is the largest car exporter in Latin America, and fourth in the world; one in every eight automobiles that are sold in the United States are made in Mexico.
- Exports of the Mexican aerospace industry grew 140% in the last five years.
- Total Mexican exports are expected to grow 6.5% in 2013.
- Mexico is the largest producer of silver and organic coffee in the world.
- Mexico has a privileged geographical position with 117 seaports connecting it to the rest of the world.
- Mexico improved its competitive position by 8 places from 2011 to 2012, placing it well above Argentina, Venezuela, Brazil, Peru, Colombia, Uruguay, amongst others.
- Mexico's economy grew 3.2% during the fourth quarter of 2012, and is expected to grow close to 2% during 2013. Mexico is currently the 11th economy in the world.
Innovation in Mexico
Did you know that the following was invented by Mexicans?
- Color television (1940) Guillermo González Camarena
- Contraceptive pill (1951) Luis Miramontes and George Rosenkranz, together with American Carl Djerassi
- Architectural control piles (1951) Manuel González Flores
- Pentametallic catalyst (motor used on the Rocket Belt, 1989) Juan Manuel Lozano
- Indelible ink (first used in 1994) Filiberto Vázquez Dávila
- GNOME (Desktop environment and graphical user interface that runs on top of a computer operating system, 1999) Miguel Icaza and Federico Mena
- Translucent concrete (2005) Joel Sosa Gutiérrez and Sergio Omar Galván Caceres
Other relevant facts
- On January 11, 2013, President Enrique Peña Nieto signed the decree by which the national institute for entrepreneurs was created (Instituto Nacional del Emprendedor, or INADEM), highlighting the importance that entrepreneurship has for the Mexican government and for the country's continued growth plans.
- According to the INADEM, MSMEs (micro, small and medium-sized enterprises) represent 99.8% of all companies in Mexico, and generate:
- 52% of the country's GDP
- 72% of employment in the country
- Additionally, according to ProMéxico, 65% of SMEs in Mexico are familyowned businesses.