The U.S.'s second-largest export market lies just across the Rio Grande. Mexico is home to a growing middle class and a trillion-dollar economy. From being geographically desirable for companies wanting to keep manufacturing close to home to having a population of over 125 million potential customers - despite some business uncertainty - Mexico is not a country to be overlooked.
Capital: Mexico City
Population: 125,959,205 (July 2018 est.)
Area: 1,946,375 sq. km
Currency: Mexican peso (MXN)
Major industries include metalworking machines, steel mill products, agricultural machinery, electrical equipment, car parts for assembly and repair, aircraft and aircraft parts.
Source: CIA World Factbook
Your primer on entering this market begins with a few insights on how business is done.
A foreign company receives special tax breaks from the Mexican government when establishing a factory, also known as a maquiladora or maquila, in Mexico to produce goods for export back to their home country. The maquila industry manufactures everything from clothing to automobiles to airplane components. Maquiladoras have attracted foreign companies because of their various tax benefits, skilled labor, proximity to large markets, and ultimately lower costs.
One of Mexico's most important economic centers, Guadalajara is known as "the Mexican Silicon Valley." The city is the main technology producer in the country, with an offering of advanced IT services including application design, development and testing, embedded software for the automotive industry, wireless applications, printers, medical devices and multimedia.
Visit our international shipping section for step-by-step instructions on how to ship, including:
Flights: 88 weekly
Air hubs: Mexico City, Monterrey, Guadalajara, Tijuana, Chihuahua, Cancun, Merida and Hermosillo
Delivery fleet: More than 590 vehicles, including 4 hybrid vehicles
Operating facilities: 54
Use this UPS Country or Territory Regulations tool to find all of the specific documentation and regulations that may affect your international shipments.
• Import and export forms
• Customs clearance information and duties and taxes
• Areas served
• Billing options
• Gift exemptions
• Invoice requirements
• Items classified as documents
• Prohibited or restricted items
• Transportation options
• Special clearance requirements
• Value limits
• Weight and size limits
Our expertise with Mexico's unique documentation and customs requirements may help to reduce the chance of delays and extra fees. We offer 24/7 customs services with commodity and security inspections, smooth entry into the country and clearance procedures that begin before our planes land.
UPS Capital offers a suite of financial and insurance services to help protect your bottom line and grow your top line. Options for exporters can include cargo insurance and trade credit insurance which can help mitigate the risks of selling globally.
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