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The economy of Mexico is a developing mixed-market economy. [21] It is the 13th largest in the world in nominal GDP terms and by purchasing power parity as of 2024. [ 4 ] Since the 1994 crisis , administrations have improved the country's macroeconomic fundamentals .
Mexican automotive production plunged by 20.25% from November 2020 to 248,960 vehicles, while auto exports declined by 16.46% to 240,341 units, the INEGI data showed.
Delegation of the European Union in Mexico City. The EU is Mexico's second largest export market after the United States, [6] [7] and Mexico is the EU's 12th export partner. [8] Mexico's main exports to the EU are mineral products, machinery, electrical and transport equipment and optical photo precision instruments.
The petroleum sector is a significant contributor to the Mexican economy, with oil revenues generating almost 7% of Mexico's export earnings. [3] In 2014, income from the petroleum sector made up 33% of public sector income, [ 4 ] and taxes on the revenues of the state-owned oil company Petróleos Mexicanos (Pemex) formed roughly 20% of all tax ...
The annual meeting of the U.S.-Mexico-Canada Agreement (USMCA) Free Trade Commission will take place on Thursday and Friday in the Mexican resort city of Cancun, with participation from Tai ...
In 2023, trade between Albania and Mexico totaled US$10.2 million. [5] Albania's main exports to Mexico include: motors and generators, machine tools for working stone, parts and accessories for motor vehicles, clothing articles, footwear, alcohol, plastic, ferroalloys, and leather articles.
To skip the details about global imports and exports, go directly to the 5 Biggest Import-Export Companies in the World. International trade is one of the driving factors of the global economy.
Although silver mining brought many Spaniards to Mexico and silver was the largest single export from New Spain, agriculture was extremely important.There were far more people working in agriculture, not only producing subsistence crops for individual households and small-scale producers for local markets, but also commercial agriculture on large estates to supply Spanish cities.