Mexico, located in North America, has an area of 1,964,375 km2, has a population of more than 127 million people, its capital is Mexico City and its official currency is the Mexican peso. It is among the fifteen largest economies in the world and is the second largest in Latin America. It is a country characterized by its dependence on the United States, since it is its largest trading partner and the destination of 80% of its exports.
Foreign trade
Tags: market analysis , economic sectors
Image
image_mexico.jpg
Mexican economic sectors
By economic sector, the tertiary sector is the one that stands mexican whatsapp number the most. According to data from the International Monetary Fund (IMF), in 2021 this sector represents 64.07% of GDP and 61.07% of the workforce. Within this sector, the high-tech, information and software development markets are those that are experiencing a real boom in the country.
As for the industrial sector, it represents 28.33% of GDP and 25.12% of the workforce. It is one of the world's largest producers of minerals such as silver, fluorite, zinc and mercury. In addition, the aforementioned oil and gas reserves are one of the country's most prized assets.
In this same sector, the creation of the “Querétaro” cluster stands out, specializing in the aerospace sector, where almost 190 companies and some 30,000 people work.
Within the primary sector, Mexico is among the largest producers of coffee, sugar, corn, oranges, avocados and limes in the world. It is also the fifth largest producer of beer in the world and the largest exporter. The primary sector represents the smallest percentage of GDP, at 3.37% and 13.25% of the workforce.
Business opportunities in Mexico
From a consumer perspective, Mexico represents a very large market with a constantly increasing demand. Activity is mainly concentrated in sectors such as trade and services, although there is also opportunity in the manufacturing sector.
The main sectors of interest are those where there is an opening to private investment, such as telecommunications, as well as those that are carrying out public works such as airports or railways.
Furthermore, the National Electric Sector Development Program 2015-2029 approved by the Mexican Government, provides for an increase in investment and construction of renewable power plants, specifically those for wind energy.
Finally, in the food sector, ham, wine, olive oil and chorizo are very popular foods in Mexico. They are imported through local gourmet product companies.