The trade between Mexico and the Netherlands was established almost two centuries ago. The trade relations have only strengthened after, with the most recent development being the renewed trade agreement signed in 2018 which has encouraged bilateral trade even further. Currently, Mexico is the largest export-driven economy in Latin-America. Exports are immensely stimulated by Mexico having more Free Trade Agreements than any other country in the world. It is expected that their exports will grow at such a rapid pace that the infrastructure supporting exports will have to expand. Due to this growth, Mexico is forecasted to have the 7th biggest economy of the world in 2050 – the time to capitalize on this business opportunity is now.
The low wages in the Mexican industry combined with its favorable geographical location bordering the United States make its market appealing. Of all its exports, 80% is shipped to the US as the production costs in Mexico are 25% lower than the costs across the North-border. Additionally, the country is a valued market for the Netherlands and a priority market for Dutch companies to invest in.
Furthermore, there is an abundance of expertise in the Netherlands regarding the upcoming sectors in Mexico and this knowledge is greatly appreciated by Mexican companies. Below you will find a more detailed description of Mexico’s promising sectors.