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Mexico Business Report

General information
Source: The World Factbook - Central Intelligence Agency
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Population
124,574,795 (July 2017 est.)
GDP (PPP)
$2.406 trillion (2017 est.)

Largest economy in Central America

GDP growth rate
2.1% (2017 est.)

Medium, though it has slowed from healthier rates in the previous years

GDP (PPP) per capita
$19,500 (2017 est.)

Low

Local currency
Mexican Pesos (MXN)

Weak currency which has depreciated continuously over the past 5 years

Financial stability (Public debt)
51.5% of GDP (2017 est.)

Medium

Inflation
5.9% (2017 est.)

Medium to high, with a sharp increase from 2016

Language
Spanish

English not very common except among the most educated urban population

Corruption perception index (Source: Transparency International)
135/180

Very high level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT

16% standard VAT rate on the sale or import of goods and services A 0% rate is applicable to certain goods (food products, medicines)
Corporate Tax

30% standard corporate tax rate Companies engaged exclusively in agriculture, livestock, fishing, and forestry activities are subject to a reduction of 30% of their tax liability
Duties

General Import Duty rates range from 0% to 35%, but most imports fall within the range of 3% to 20% (exceptionally, certain food products, shoes, and textiles pay higher duties)

If you seek partners in Mexico trade and Mexico B2B, Globartis is the right platform for you!

With an active presence in Mexico export, we can help you find Mexico suppliers and Mexico distributors. You can get in touch with a Mexico manufacturer, Mexico textile manufacturers, partners for electronics manufacturing in Mexico, or suppliers of other products manufactured in Mexico.

You can connect with Mexican companies active in Mexico imports and exports. Start from a partner in Mexico City and expand your Mexico production.

Join Globartis for free and find Mexico trade partners!

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