The Treasurer’s Guide to Trade Finance

Mexico

Tariffs/Taxes

Imports

ƒ Taxes are applied at rates from zero to
20 percent, though some goods attract
higher rates, e.g. cars from outside the EU
or NAFTA member states (50 percent),
clothing, footwear and leather apparel (35%),
and fructose (210%).

ƒ VAT of 16 percent is applied to all imports,
except to imports to the border region, where
VAT of 11 percent applies.

ƒ Mexico applies anti-dumping duties to
products from several countries.

Exports

ƒ Generally none.

ƒ Export duties apply to electricity, skins of
endangered animal species, vegetable
alkaloids, human organs and turtle oil.

Financing requirements for imports/

exports

ƒ None.

Prohibited items

Imports

ƒ Drugs, nuclear energy, toxic and hazardous

materials, and any products listed in the

Convention on International Trade in

Endangered Species (CITES).

Exports

ƒ Drugs, archaeological artefacts and

endangered species.