Mexico in the world
Strategic location
Mexico has a total area of close to 2 million square kilometers, which makes it the 5th largest country in the American continent and the 14th worldwide[1]. It is located in the heart of America, with a privileged geographical condition that places it in North America and, at the same time, integrates it with Latin America through language, historical roots, and culture. Additionally, it is a natural bridge between the Atlantic and the Asia-Pacific region thanks to its extensive coastline. It is characterized by being a country rich in natural resources, most of which are necessary for the productive development of any country. In the political sphere, Mexico is a representative, democratic, and federal republic that is divided into 32 federative entities and 2,471 municipalities.[2]
Territory, location and border
The more than 11,000 km of coastline are divided between the Atlantic slope with 3,294 km (the Gulf of Mexico and the Caribbean Sea) and the Pacific coast with 7,728 km.[3] This strategic location between both oceans facilitates access to the world's main consumption centers, allowing companies operating in the country to respond more quickly and reduce logistics and inventory costs. [1] Ministry of Environment and Natural Resources, Coasts of Mexico. The border between Mexico and the United States of America is 3,142 km long. Likewise, an average of 1 million people, 230,000 vehicles, and 70,000 cargo trucks cross this border daily through the 56 border crossings that exist between the two countries.[4] The border region generates 24% of Mexico's GDP, while the 10 states that make up the borderline of both countries would represent the 3rd largest world economy (California, Arizona, New Mexico, and Texas on the part of the United States; and Baja California, Sonora, Chihuahua, Coahuila, Nuevo León, and Tamaulipas on behalf of Mexico).[5] To the south, the country shares a border of 871 km with Guatemala and 251 km with Belize. On this border, Mexico has eight border crossings with Guatemala and one with Belize, which represents the gateway to Central America, the Caribbean, and South America.[6]
Demography
Mexico is experiencing a very positive demographic process: the working-age population (15 to 64 years) is greater than the dependent population (0 to 14 years and 65 years and older), which directly impacts the productive potential and economic of the country. According to projections by the National Population Council (CONAPO) and the National Institute of Statistics and Geography (INEGI), it is estimated that in the next two decades the population of working age will reach 80 million people, which will be equivalent to 60% of the total population. total population of the country.
Commercial Potencial
In the 1980s, Mexico began an important process of economic and commercial opening focused on the diversification of its exports, which today positions it worldwide. According to data from the Bank of Mexico, in 2021 exports of goods and services from Mexico totaled more than 465 billion dollars, equivalent to 49% of national GDP, with Mexican production fully integrated into global value chains. Mexico ranked in 2021 as the 12th exporter and 12th importer in the world, according to the Bank of Mexico and the World Bank. Mexican exports of goods and services are expected to maintain sustained growth in the coming years, according to estimates by the International Monetary Fund (IMF).
In Latin America, Mexico's exports represented 37.9% of the region's total in 2021, consolidating itself as the main export power. In particular, Mexican exports of medium and high-tech manufactures stand out, representing more than half in the region.
Free trade agreement
- USMCA/CUSMA
- Free trade agreement European Union
- Free trade agreement Colombia
- Free trade agreement Chile
- Free trade agreement Israel
- Free trade agreement Peru
- Free trade agreement Central America
- Free trade agreement Uruguay
- Free trade agreement Panama