Mexico Facts Capsule
The United Mexican States, its official name, is about the size of Western Europe.
The home of the former storied Aztec Empire acts as a natural gateway between North and Latin America and thus holds a politically and economically significant strategic position.
The political, economic, and social ties between the country and the United States are strong and important for the security of each state.
Thus, the cultural affinity could not be stronger as Mexicans account for 63.3% (36 million) of the US Hispanic population in 2015 though the figure is trending lower.
While Mexico is the second-largest export market (after Canada) for US-based companies, it is the third-largest trading partner (after Canada and China).
In 2016, the Mexican GDP notched $1.0 trillion, but $2.3 trillion measured by purchase power parity (PPP).
The US imports petroleum and oil products, cars, vehicle parts, computer and communication equipment while exporting cars, car parts, computers and semiconductors to its southern neighbor.
The US remains Mexico’s top source of Foreign Direct Investment while leveling off at some $87 billion in 2016.
Mexico and Florida
Thus, opportunity beckons for Florida companies to initiate or expand their activity in Latin America.
As today, over 290,200 jobs in Florida depend on trade with Mexico.
Is your company exploring business links with Mexico?
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