The Treasurer’s Guide to Trade Finance

Mexico

Trade information

Key trading partners

Imports by origin

USA 49.8%

China 14.9%

EU 10.8%

Japan 4.7%

South Korea 3.9%

Other 15.9%

Source: WTO, September 2012

Exports by destination

USA 78.7%

EU 5.5%

Canada 3.1%

China 1.7%

Colombia 1.6%

Other 9.4%

Mexico imports exports

residents in Mexico’s northern border area

or the regions of Baja California and Baja

California Sur.

ƒ Non-resident companies can hold local

currency bank accounts within Mexico.

ƒ Non-resident companies must register

foreign currency accounts held in Mexico

with the authorities.

Principal exports

Manufactured goods, oil and oil products, silver,

fruits, vegetables, coffee and cotton.

Documentation

Imports

ƒ Commercial invoice (with complete

description of goods to be imported), bill

of lading, packing list and, sometimes, a

certificate of origin. Certificates of inspection

may also be required for imports of raw

materials and/or evidence of compliance

with regulations.

Exports

ƒ Commercial invoice (with complete

description of goods to be exported), bill

of lading, packing list and, sometimes, a

certificate of origin.

Licences

Imports

ƒ Of 12,149 items subject to general tariffs, 129

require a licence from the Ministry of Economy.

ƒ Branded patent medicines, food products

and drinks must be registered with the

Ministry of Health.

Exports

ƒ Exports of petroleum products and their

derivatives, narcotic substances, some iron

ore and weapons require licences.

ƒ Exports of industrial raw diamonds require

a licence in accordance with the Kimberley

Certification Process.