If you dedicate yourself to foreign trade and marketing is part of your day to day, learn about the imports from Mexico It is important for you since knowing about the products that Mexico exports and imports the most opens the doors to success in your business or company.
For this reason, below you are about to know what the main exports of the country are, as well as import substitution, the import substitution model and everything related to imports and exports from the Mexican territory.
What are the most important imports from Mexico?
The imports from Mexico that are considered the most important, due to the percentage of certain products, are:
- Gasoline is in the first place as the most relevant import product with 10.24%
- Cars are in second place with a percentage that amounts to 9.42%
- In third place with a percentage of 8.94% are the digital monolithic integrated circuits.
- Monolithic integrated circuits that are not digital are ranked fourth as the most important import product with a percentage of 6.84%
- Cars with a cylinder capacity that exceeds 3000 m3 with a percentage of 6.15%
- Plastic manufactures with an import percentage of 4.91%
- Auto parts such as car bodies amount to 4.36%
- Auto parts for splices, cutting and protection devices with a percentage of 4.30%
- Modular circuits for computers amount to 4.15%
- Computer accessories and parts amount to 4.09%
- Semi-diesel, diesel, or compression-ignition piston engines amount to 4.08%
- Memories for computers amount to 3.96%
- The manufactures of metals such as steel and iron amount to 3.78%
- Auto parts of motor vehicles amounted to 3.23%
- Modular circuits for receiving and transmitting devices amount to 2.61%
- Television, radio broadcasting, radiotelegraphy and radiotelephony broadcasting equipment amounts to 2.15%
- Medicines amount to an import percentage of 2.15%
- Plastic products for packaging and transportation amounts to 2.31%
What are the main exports of Mexico?
The Mexico’s main exports They are listed below according to their relevance:
- Beer ranks first due to its more than 100 million liters produced, of which more than 3 million were exported. An export that resulted in an income of more than 2 million dollars according to the information provided by Cerveceros de México.
At the world level, Mexico is the largest exporter of beer despite the fact that China is the main producer with a production that is double that of Mexico.
- The Mexican avocado is in great demand. It is a fruit that Mexico exports to 34 countries, including China, the Netherlands, El Salvador, France, Japan and Canada, as Mexico is the largest producer of avocado with a quantity that exceeds one million average tonnes in the year.
- Tomatoes are in third place, as Mexico ranks 10th as a producer of more than 2 million average tons per year, with almost all exports going to the United States.
- Tequila, a Mexican product, ranks fourth with an export of 104 million liters in 2017, surpassing the 102 million liters in 2016 according to data provided by the Tequila Regulatory Council.
- Most of the beef is exported to the United States with a quantity that exceeds one million tons, although according to the Ministry of Economy there is the possibility of exporting beef to Russia, Germany, France, the Netherlands and Italy.
- In sixth place as the most exported product are berries, which include blackberry, currant, raspberry, strawberry and blueberry. With a production of 600 thousand tons, Mexico ranks 5th as a producer, which amounts to 1,500 million dollars generated by its annual export.
How did import substitution arise in Mexico?
The import substitution in Mexico It arises as a method to boost the economy by replacing manufactured products from abroad that initially satisfied consumers with products from national industry.
Its objective was to transform industrial activity into the center of economic development, so that an economy based on mining and agriculture could move to another type of economy that supplies the domestic market and that included exports of agricultural products.
It is a type of model that allowed an acceleration of industrial investment and established a price control that in turn allowed access to imports and financing.
It was a model applied by Manuel Ávila Camacho in the 1940s that generated the growth of light industry that produced non-durable consumer goods and that gave rise to a type of protectionist self-closing industrialization.
In fact, the government offered its support with measures of the same protectionist style for the industry, subsidies from the public budget and prioritizing the industrial sector but postponing the agricultural sector because it had the industrialization of Mexico as its objective.
When the year 1955 arrived with the law to promote new industries, a large number of industrial companies, SMEs and workshops were established that became small companies and the government established financial tools offering credits to small and medium industrial companies, which accelerates the industrialization process in Mexico.
Ultimately, it was a policy that had consequences of migration to the United States and that agricultural labor moved to urban areas, but anticipating these consequences, the government of Mexico signed an agreement with the United States in which hiring was allowed. legal of the workers of Mexico.
What is the import substitution model in Mexico
- The import substitution model in Mexico It is a type of strategy that substitutes imports with the aim of generating a stimulus for local production destined for internal consumption instead of generating production destined for export.
- It also aims to reduce the demand for foreign exchange, generate employment and make a country self-sufficient, especially with regard to technology, defense and food, as well as promoting innovation.
- It is a type of model that became popular in the 1950s and 1960s for countries with emerging economies and for them to promote their economic independence.
- However, it is not a model that could advance as expected because countries with emerging economies do not have sufficient capacity to compete with the globalized market and do not have the required efficiency in their facilities.
Statistics of imports and exports of Mexico
- Regarding the Mexico imports and exports, statistics indicate that as manufacturing sectors, medical equipment, the automotive industry and the electrical and electronics sector are the ones that export the most.
- Within the energy sector it is dedicated to the export of electricity, natural gas and oil.
- Regarding imports, Mexico imports white corn from the United States.
- Pork is also imported from the United States.
- A high percentage of soy is imported from the United States, as are the oilseeds and grains that are used to make edible oils are imported.
- The United States consumes chicken breast and wing, the rest, that is, the thighs, are imported by Mexico.