Nothing to worry about?

Last update – June 2024
Business environment risk
Political risk
Commercial risk
Financing risk
The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade.
We have always the best solution for your needs

Swipe to view more

GDP USD1414.18bn (World ranking 14, World Bank 2022)
Population 127.05mn (World ranking 10, World Bank 2022)
Form of state
Federal Republic
Head of government
Andrés Manuel Lopez Obrador (President) - Claudia Sheinbaum Pardo (President-elect)
Next elections
2030, General Election
  • Second-largest market in Latin America, benefitting from the positive cycle in the US and among the most open in the world.
  • Solid fiscal profile, ample domestic financing and easy access to global capital markets which allow the government to cover financing requirements easily.
  • Durable political framework with stable handovers of power and legacy of pro-business reforms by previous administrations.
  • Dependence on the US, which buys around 31% of Mexican GDP, leaves it vulnerable to shifts in trade and industrial policy.
  • Fiscal position highly sensitive to oil prices and large contingent liabilities potentially stemming from the sector, which contributes to around 30% of government revenue.
  • Skewed income distribution and elevated security risk.

Swipe to view more

  Exports Rank Imports  
United States 78.3% 1 43.9% United States
Canada 2.7% 2 19.6% China
China 1.9% 3 3.7% Korea
Germany 1.4% 4 3.1% Germany
Taiwan 1.3% 5 3.0% Japan

Swipe to view more

Exports Rank Imports
Road vehicles 21.3%
1 9.5 % Electrical machinery, apparatus and appliances, n.e.s.
Electrical machinery, apparatus and appliances, n.e.s. 10.2%
2 7.6% Road vehicles
Office machines and automatic data processing machines 8.0% 3 7.1% Petroleum, petroleum products and related materials
 Petroleum, petroleum products and related materials 6.5% 4 7.0% Telecommunication and sound recording apparatus
Telecommunication and sound recording apparatus 5.9% 5 5.5% Other industrial machinery and parts
Contact Allianz Trade
Economic Research Team
Luca Moneta
Allianz Trade