Foreign Trade and Investment Opportunities
Mexico is Canada's one of the biggest trade partners with over $49.7 billion in two-way merchandise trade in 2022. according to the Ministry of Economy and the Bank of Mexico. In 2022, Mexico exported $22.2B to Canada, placing Canada as its 2nd global export partner. In 2022, the main Mexican exports to Canada were: delivery trucks, motor vehicles; parts and accessories, sparkignition engines, tracktors, broadcasting equipment, medical instruments and tropical fruits. The states with the highest trade with Canada in 2022 were the United States, China and Japan.
In the agri-food sector, Mexican exports of tomatoes, guavas, pappers, Ataulfo mangoes, avacadoes and berries are particularly noteworthy in Canada while Canada's exports to Mexico include rapedeess, motor vehicles; parts and accesories, raw aluminium, cars, wheat, liquid pumps, meat, petrolium gas and steels.
On January 1, 1994, North American Free Trade Agreement (NAFTA), the first free trade agreement between Canada and Mexico, entered into force and was later updated to The United States-Mexico-Canada Agreement (USMCA) on July 1, 2020. The Agreement aimed to create a more balanced, reciprocal trade supporting high-paying jobs for participants and growing the North American economy, as it is a mutually beneficial win for North American workers, farmers, ranchers, and businesses.
In terms of investment, according to figures from the Government of Mexico, furing the period from January to September 2023, the FDI from Canada to Mexico reached US$1.22B. Regionally, most Canadian investment has been concentrated in Mexico City and San Luis Potosi.
According to the Ministry of Economy, Canada is the 3rd country with the largest investment in Mexico.
In parallel to the Mexican government's efforts to promote the insertion of high-quality products in the Canadian market, there are several entities interested in strengthening and supporting the bilateral trade agenda. Among these are the Canada-Mexico Partnership (CMP), and Canada-U.S.-Mexico Chamber of International Commerce (CUSMEX) which aims to foster a constructive environment that enhances the business links between the three nations. Through these private bodies, business and training opportunities can be explored.
Discover ComerciaMx, an expansive digital network created through collaboration between ConnectAmericas, the Inter-American Development Bank, and Mexico's Ministry of Economy (SE). Designed to boost the exports of Mexican MSMEs, ComerciaMx offers access to an extensive directory encompassing clients, suppliers, partners, and investors. Dive into a wealth of training courses and explore purchase announcements from companies spanning Mexico and beyond. If you want to register and be part of this global network, please consult: ComerciaMx.
Consult the list of Oaxacan Products suppliers for exporting to international markets (catalog & website link).
List of importers of Mexican goods to Canada
In order to export Mexican products to Canada, you must comply with the regulations agreed between CUSMA and the government departments in Canada accordingly. The requirements for importing specific products into Canada can be found at the following link https://www.cbsa-asfc.gc.ca/import/guide-eng.html. In addition, you can review information on how to export goods from Canada at the following link https://www.cbsa-asfc.gc.ca/services/export/menu-eng.html.
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List of trade shows:
https://tfocanada.ca/exporters-or-support-agencies/ready-to-export/canadian-tradeshows/