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14th Largest Importer Of The World: Mexico
With the average annual growth of 3.32%, Mexico is the upper-middle-income country of North America. The country is the 9th largest export country in the world. Mexico borders Belize, Guatemala, and the United States by land and Cuba and Honduras by sea. The country majorly exports electronics, computer equipment's, televisions, mobile, circuit, and various other electronic products. The country majorly imports refined oil, vehicle parts, etc. As the economic scenario of Mexico is improving, India has an opportunity of strengthening the trade relations with Mexico especially focusing on exporting Indian manufacturing products which already has a presence in Mexican markets. Moreover, the Chinese economy is dwindling with the lowest levels of global exports amalgamated by huge debt to GDP ratio and so far the lowest levels of growth rate in GDP. All these kind of static records can be achieved with the help of data market analysis report.
The data analysis helps to analysis the actual status of the company. Mexico Custom data which includes Mexico import data and Mexico export data which will help in analyzing the details of the importers and exporters of the country. This report will get you the information through the Mexico Importers Data and Mexico Exporters Data. We collect all the statistics of Mexico Port data.
The Mexican economy is the 15th largest in the world in GDP (nominal terms) and the 11th largest by purchasing power parity, according to the International Monetary Fund with a high HDI score of 0.756. After growing by 2.3% to 2.5% in 2015, real GDP is anticipated to grow in excess of 3% in both 2016 and 2017. The economy will benefit from a sturdier US economy, the downgrading of the peso, and palliate of problems in the construction sector. The application of important structural reforms has also mollified the business climate. Consequently, investment is picking up, and manufacturing activity is gradually speeding up, bolstering a robust formal job market, enhancing household incomes and consumption growth.
The reflects the large role of re-exported goods originating in other countries (or originating in one NAFTA partner, arriving in the United States, and then returned or re-exported to the other partner without substantial transformation). U.S. statistics count goods coming into the U.S. customs territory from third countries and being exported to our trading partners, without substantial transformation, as exports from the United States. Canada and Mexico, however, count these re-exported goods as imports from the actual country of origin. In the same way, Canadian and Mexican export data may include re-exported products originating in other countries as part of their exports to the United States, whereas U.S. data count these products as imports from the country of origin. These counting methods make each country's bilateral balance data consistent with its overall balance but yield large discrepancies in national measures of bilateral balance. It is likely that a measure of the U.S. trade deficit with Canada and Mexico excluding re-exports in all accounts would be somewhere in between the values calculated by the United States and by our country trading partners.
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