Exporting to Mexico
Large consumer market
Mexico is the 10th largest population in the world and 67% of the population is between 15 and 64 years (World Bank, 2019).
High regard for British products
Mexico sees the UK as one of its most compatible trading partners. Its growing middle class is looking for safe, high-quality international products. In 2018 UK exports in goods to Mexico amounted to £2.0 billion (ONS, 2019).
Opportunities for exporters
There are opportunities for UK companies across a broad range of industries. Our trade advisers in Mexico have identified particular opportunities for UK businesses in the following sectors.
Ambitious passenger and cargo train project
The Tren Maya is Mexico’s flagship infrastructure project, connecting the main tourist centres in the Yucatan Peninsula across 5 states through a 1,525 km passenger and cargo rail line. There are opportunities for UK companies with rail expertise to help the project to meet its completion deadline in 2023.
Airport operating scheme
The government is investing $103 million to expand capacity in Mexico City and Toluca airports. It is also spending $4.15 billion to repurpose the Santa Lucía military airfield for civil aviation. There is an appetite for UK expertise as Mexico seeks to engage with other cities around the world with similar schemes, including London.
Demand for UK planning and financing expertise
With limited public funds, it will be essential to make use of alternative financing schemes to bring Mexico’s large infrastructure projects to completion. Robust planning methodologies will also be needed to deliver projects on time and under budget.
Higher education boost
The new Mexican president has committed to creating 100 new public universities throughout the country with places for 64,000 students. This is creating new market opportunities and possible areas of collaboration for UK educational institutions.
Strong English teaching market
There is a large and growing English language-learning market in Mexico. This spans every level and type of study, from state schools and private institutions to self-access channels. National programmes aimed at boosting English proficiency offer further opportunities for UK education providers.
Growing medical device market
The Mexican medical device market is growing fast, and is supplied primarily by foreign manufacturers. Consumption in Mexico is expected to grow almost to $14 billion dollars in 2020. It is the 8th largest exporter of medical devices worldwide and holds the number one position in Latin America.
Expanding pharmaceutical market
The Mexican pharmaceutical market is the 2nd largest drug market in the Americas. Growth and demand is bring driven by an ageing population and an increasing incidence of chronic diseases, which is offering opportunities for the UK pharmaceutical industry.
The President’s call to expand Mexico’s exploration activities, including seismology, will provide opportunities for UK companies with the required expertise.
Investment in renewable energy
Mexico is investing heavily in wind and solar projects, and has become an attractive market for foreign direct investment. Several countries are investing in renewable energy projects in Mexico, including the UK.
Need for a strong supply chain
With more than 70 operators and a stable international oil price, there's a demand for increased investments in Mexico’s hydrocarbon reserves.