Agricultural, Heavy, and Oversized Equipment Shipping To/From Mexico
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Are you looking for a seamless and efficient way to ship your cargo to Mexico? Look no further than Atlantic Project Cargo, your trusted international freight forwarder specializing in shipping from Mexico to the USA. With our expert services, you can enjoy a hassle-free shipping experience tailored to your unique requirements.
Are you looking for a seamless and efficient way to ship your cargo to Mexico? Look no further than Atlantic Project Cargo, your trusted international freight forwarder specializing in shipping from Mexico to the USA. With our expert services, you can enjoy a hassle-free shipping experience tailored to your unique requirements.
90% of the population speaks Spanish, the national language of Mexico, it is a diversified country with a rich cultural legacy.
The indigenous languages of the Aztecs, the Mayans, and other tribes are still spoken today. Around 128.4 million people lived there as of 2023, and the time zone stretched from UTC-5 to UTC-8. The peso (MXN) is Mexico’s official currency.
Mexico boasts diverse major industries, including tobacco, aerospace, petroleum, and mining. Trade liberalization has been instrumental in the growth of the countryโs industrial sector, with significant contributions from automotive manufacturing, food production, electronics, and oil. Mexicoโs energy, tourism, finance, and banking sectors also play crucial roles in the countryโs economy.
Mexico was the worldโs top goods trading partner in 2019, with two-way product trade totaling $614.5 billion. Exports reached $256.6 billion during this time, while imports came at $358.0 billion. The US goods trade imbalance with Mexico in the same year was $101.4 billion.
Exporting to Mexico presents certain challenges for US exporters, but with careful planning and support from agencies like the US Commercial Service, success in the Mexican market is attainable. The Mexico Country Commercial Guide highlights the following challenges:
Despite these challenges, exporters can succeed in Mexico by understanding and proactively addressing these issues to capitalize on the countryโs lucrative market opportunities.
Approximately 80% of Mexicoโs petroleum is exported to the United States, making Mexico one of the primary sources of oil for its neighbor. The United States heavily relies on Mexicoโs petroleum exports to meet its energy needs.Mexicoโs major imports include:
Mexico holds the position of the 9th largest export economy globally. As a significant player in international trade, the country boasts a diverse range of major exports contributing to its economic prominence. On the other hand, its main exports comprise: oil, vehicles, and minerals.
Mexico offers diverse sectors for potential growth and investment. Here are some of the promising industries, including:
The United States-Mexico-Canada Agreement replaced the North American Free Trade Agreement on July 1, 2020. The USMCA marks a significant milestone in trade relations between the United States, Mexico, and Canada, aiming to modernize and balance trade while reducing incentives for outsourcing.
HIGHLIGHTS OF THE USMCA
Here are some highlights of USMCA:
Under the USMCA, importers are now responsible for claiming preferential duty rates based on certification of goods qualification from the producer, exporter, or importer. In contrast, under NAFTA, exporters made these claims.
The official certificate of origin form is no longer required. Instead, the certifying party must provide specific data elements outlined in the agreement to support the claim. This information can be provided on the invoice or a separate document, such as a certificate of origin, in either physical or digital format.
Mexicoโs principal trading partners play a crucial role in its economy. The countryโs top trading partners include the USA, China, Japan, South Korea, Germany, Taiwan, Malaysia, Vietnam, Canada, Thailand, Brazil, and Italy.
The strong trade relations with these countries drive significant export and import activities, contributing to Mexicoโs economic growth and development.
Mexico offers numerous opportunities for ocean freight ports, which play a crucial role in the countryโs international trade and economic growth. With its strategic location and extensive coastline, Mexicoโs ocean freight ports are vital gateways for efficient import and export activities, attracting significant investments, and fostering economic development.