discover.dhl.com A rising star

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1 A rising star

YOUR GUIDE TO EXPORTING TO MEXICO’S GROWING ECONOMY

discover.dhl.com A rising star

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ELECTRONICSDespite producing many of North America’s electrical goods, demand for electronics from around the world remains high.

SERVICES 64% INDUSTRY 31.6%

AGRICULTURE 3.9%1

124 MILLION PEOPLEMexico is the largest Spanish-speaking country in the world.

TOP IMPORT OPPORTUNITIES IN MEXICO2

MEXICO’S ECONOMY BY SECTOR

FRUIT AND VEGETABLES Mexico’s agricultural sector can’t meet demand, and has to rely on imports. Up 15% between 2015 and 2016, vegetables are in high demand.

FASHIONFashion is booming

online. E-commerce sales in the sector are set to rise 14% each year until 2022, accounting for a market volume of

US$4.5 billion.3

LUXURY ITEMSChocolate, coffee, teas, spices, cosmetics and other related products are increasingly popular. Between 2015 and

2016 cocoa imports rose 28%, tea and coffee by 10%.

discover.dhl.com A rising star

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BUSINESS DRESS It’s more formal than in the US or Europe, as are titles when greeting someone. Use professional titles, or address them as Señor (Mr), Señora (Mrs), or Señorita (Miss), followed by their surname.7

POPULATION GROWTH All eyes might be on the huge migration flow of Mexicans to the USA, but Mexico’s population is still growing at a steady 1.25%—about the same growth rate as India.5

MEXICO’S POPULATION WILL HIT 129 MILLION BY 2022

IMPORTS UP 8.6%The Mexican import market is strong. Mexico imported more than US$420 billion worth of goods in 2017, up 8.6% between 2016 and 2017.4

49 OUT OF 190 COUNTRIES The World Bank’s Ease of Doing Business league table ranks Mexico in a respectable 49th place out of 190 countries. This puts it above India and Brazil, and above the average for other Latin American countries.6

discover.dhl.com A rising star

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FOOD AND PERSONAL CARE

WITNESSING 10.5% ANNUAL GROWTH TO 2022

E-COMMERCE IN MEXICO 12.6% GROWTH RATEE-commerce in Mexico is growing at 12.6%, faster than the USA’s e-commerce sector.9

FASHIONSET TO GROW 14% EACH YEAR UNTIL 2022

FURNITURE AND APPLIANCESWILL INCREASE SALES BY 15.5% EVERY YEAR UNTIL 2022

TOYS, HOBBIES AND DIY

13.9% GROWTH EVERY YEAR TO 2022

ELECTRONICS AND MEDIA

PREDICTED TO GROW 9.6% PER ANNUM FROM NOW UNTIL 2022

MEXICO’S E-COMMERCE BOOM10

THE 9TH LARGEST INTERNET AUDIENCE IN THE WORLD As well as being the 11th largest economy in the world, Mexico is home to 85 million internet users.

MEXICO IS MOBILE Most Mexicans access the internet using their mobile phones: 65 million mobile internet users mean you need to craft an e-commerce service that’s mobile-friendly.8

discover.dhl.com A rising star

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I’M READY FOR CROSS-BORDER TRADE WITH MEXICO. WHAT NEXT?Take advantage of our business expertise by opening an account with DHL Express. Visit our website here and we’ll be delighted to help.

REFERENCES1. https://www.cia.gov/library/publications/the-world-factbook/geos/print_mx.html

2. https://www.trademap.org/Index.aspx

3. https://www.statista.com/outlook/243/116/ecommerce/mexico

4. http://www.worldstopexports.com/mexicos-top-10-imports

5. https://www.statista.com/statistics/263748/total-population-of-mexico

6. http://www.doingbusiness.org/rankings

7. https://www.gov.uk/government/publications/exporting-to-mexico/exporting-to-mexico

8. https://www.statista.com/statistics/262966/number-of-internet-users-in-selected-countries/

9. https://www.statista.com/outlook/243/116/ecommerce/mexico

10. https://www.statista.com/outlook/243/116/ecommerce/mexico

TRADE REGULATIONS AND CUSTOMS INFORMATION

16%

Known as IVA in Mexico

SHIPPING GOODS OF A VALUE OF US$1,000 OR MORE? You’ll need to use a customs broker to clear the merchandise through customs.

NAFTAThe North American Free Trade Agreement, or NAFTA, is a deal between Canada, Mexico and the USA. It makes Mexico a useful low-cost entry point into the wider North American market.

HEALTHCARE PRODUCTS Must have a Mexican company or individual responsible for them.

LABELINGEven if your products are already labeled in Spanish, you may need a different label. NOM-50 is the Mexican standard, which refers to the information a foreign company has to provide.

TRY TASFor an estimate of landed costs for shipments going to Mexico, use the free DHL Express Trade Automation Services (TAS) tool: tas.dhl.com

Healthcare Import Authority

Ministry of Finance

Ministry of Agriculture

Department of Environment and Natural Resources

Ministry of Economy

KEY CONTACTS

0.8% A small processing fee is charged by Mexican customs. This is based on the cost, insurance and freight (CIF) value of the goods.

FEE

VAT