In the concert of nations, Mexico resonates with the strength of an emerging and dynamic economy, a force that has cultivated a close and mutually beneficial economic bond with Spain. With more than 135 million inhabitants in 2023 and a notable GDP growth of 3.1% in 2022, Mexico establishes itself not only as a nation of demographic influence, but as a world-class economic player. Boasting a GDP of 1,341,808 million euros, it is firmly established as the 15th economy in the world, a player whose departure has a significant impact on the global board.

An Economic Bridge between Mexico and Spain

The synergy between Mexico and Spain reflects the globalized world in which we live. This interaction, rich in history and collaboration, is manifested through a vigorous and diversified commercial exchange. Mexico has stood out for its production and export of a wide range of goods, from heavy vehicles to alcoholic beverages, tropical fruits, and vegetables, showing a versatile and adaptable economy.

In its trade with Spain, Mexico leans toward exports of crude oil and minerals, machinery, and engines, as well as medical instruments, outlining an export profile that closely aligns with Spain’s industrial and technological needs.

Mexico, with a population of more than 135 million in 2023 and GDP growth of 3.1% in 2022, is established as the 15th world economy

The main origins of Mexican sales to Spain are not distributed evenly throughout the country; they are concentrated in areas of high industrial and agricultural development. Mexico City leads with exports of 295 million euros, closely followed by Nuevo León with 230 million euros, and Jalisco with 115 million euros. These figures not only demonstrate the export capacity of these states, but also underline the importance of local economies in Mexican foreign trade.

Selective Imports

On the import side, Mexico has turned its sights towards industrial components from Spain, with a main import of motor vehicle parts and accessories valued at 220 million euros in 2022. This figure highlights the interdependence in the automobile manufacturing sector and the relevance of Spain as a supplier of high-quality components for the Mexican industry.

The main destinations for these Spanish imports are emblematic for their economic and commercial development: again, Mexico City with 1,855 million euros, the State of Mexico with 625 million dollars and Nuevo León with 445 million euros. These entities are not only nerve centers for business and commerce, but also strategic points for distribution and logistics within the country.

Mexico City, Nuevo León and Jalisco are positioned as the main origins of exports to Spain, highlighting their economic relevance and their role in Mexico’s foreign trade.

Mexico in the Global Logistics Scenario

Mexico is not only an economic giant, but also an international logistics center. Its strategic geographical location makes it the ninth largest exporter in the world and the thirteenth in imports, figures that speak of its relevance in global trade. Mexican infrastructure in ports, airports and land transportation networks is combined with advanced logistics services, such as those provided by Transped, to facilitate efficient and effective trade.

Transped, a specialist in air and maritime transport solutions, is a vital link that connects the economies of Mexico and Spain, reflecting the importance of borderless and adaptive logistics.

The Importance of Mexico for Spain

For Spain, Mexico represents an irreplaceable investment destination and an invaluable trade partner. The Spanish business presence in Mexico is diverse and significant, covering strategic sectors ranging from telecommunications to renewable energy. This investment commitment not only speaks of confidence in the Mexican economy but also of the recognition of its growth potential and macroeconomic stability.

Likewise, Mexico benefits enormously from the advanced technology, precision machinery and technical knowledge that Spain provides, in an exchange that transcends trade to become a bridge of progress and development.

Mexico’s strategic position consolidates it as a leader in logistics, being the ninth exporter and the thirteenth in imports worldwide.

The Spanish Institute of Foreign Trade (ICEX) is the catalyst for this binational relationship, providing essential support for companies that wish to cross the Atlantic in either direction. With a range of services that include advice, market analysis and logistical support, ICEX has been a crucial entity in opening doors and building bilateral business platforms. The organization of trade fairs, business missions and B2B meetings sponsored by ICEX not only promotes trade, but also lays the foundation for future collaborations and joint innovations.