ANDAMAN PARTNERS Was a Co-Sponsor of the South African National Day Reception in Shanghai on 30 May 2025
May 29, 2025
ANDAMAN PARTNERS was a cosponsor of the South African National Day Reception in Shanghai on 30 May 2025.
Profile in Brief
Mexico has a GDP of USD 1.9 trillion (2024) with real GDP growth of 1.5%, driven by nearshoring-related investment and a strong trade relationship with its neighbour, the U.S.
Mexico has a total land area of 1.9 million square kilometres.
Government is a federal republic with a president.
Economy at a Glance
GDP Overview (2024)
Mexico’s GDP is forecast to reach USD 2 trillion in 2030, when GDP per capita is forecast to reach USD 15,589, which will be on the same level as Argentina and significantly higher than Brazil.
From 4% in 2020, the unemployment rate has decreased post-COVID-19 to 3% in 2024. Mexico’s currency has been volatile compared to its peers.
Central government debt has been low and stable at 24% in 2023. Household expenditure has been increasing rapidly post-COVID-19.
Trade Profile (2024)
Mexico’s total trade amounted to USD 1.2 trillion in 2024, with imports only slightly exceeding exports. Metals, Electronics & Machinery was the trade sector, followed by Transport Vehicles & Equipment.
Leading export partners (2024): U.S. (USD 503.3 billion), Canada (USD 18.6 billion), China (USD 9.1 billion).
Leading import partners (2024): U.S. (USD 252.2 billion), China (USD 129.8 billion), South Korea (USD 23.0 billion).
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ANDAMAN PARTNERS supports international business ventures and growth. We help launch global initiatives and accelerate successful expansion across borders. If your business, operations or project requires cross-border support, contact connect@andamanpartners.com.
News & Events
Asia’s Shifting Role in Global Supply Chains — Perspectives by ANDAMAN PARTNERS Co-Founder Rachel Wu
March 11, 2025
Analysis by ANDAMAN PARTNERS Co-Founder Rachel Wu on changing patterns in global supply chains.
ANDAMAN PARTNERS Co-sponsored the West Australian Mining Club Luncheon in Perth on 27 February 2025
February 27, 2025
WA Mining Club luncheons are valuable ways to network with colleagues and clients and learn about the latest industry insights.
Knowledge
Global Agriculture: Producing and Trading the World’s Food and Strategic Implications for Agri Businesses
July 1, 2025
Global agricultural supply chains are vulnerable to several risks in 2025, with important implications for agri businesses and players in the sector.
Southeast Asia: The USD 4-trillion Economy
July 1, 2025
With rapid GDP growth, expanding trade networks and investment inflows, Southeast Asia retains its enduring appeal as a vital destination for multinational corporations seeking to diversify their supply chains and tap into Asia’s growing consumer markets.
Indonesia’s Dynamic Economic Growth Story Offering Opportunities for Global Businesses
July 1, 2025
Indonesia’s dynamic, services-led and consumption-driven economy is poised to become one of the world’s largest by mid-century, presenting many opportunities for businesses and investors.