Mexico is an attractive destination for Spanish investment due to a combination of economic, geographic and regulatory factors:

1.- Trade Agreements:

Mexico has 13 free trade agreements with 50 countries, including the United States-Mexico-Canada Trade Agreement (USMCA) and the Free Trade Agreement between Mexico and the European Union (TLCUEM), making it a gateway to key markets.

2.-Qualified and Competitive Labor:

Mexico offers a young and skilled workforce, with competitive costs compared to other countries.

3.- Strategic Location:

Its proximity to the United States and its access to the Atlantic and Pacific oceans position it as a key logistics hub for international trade.

4.- Broad Domestic Market:

With a population of over 130 million, Mexico offers an attractive consumer market for companies in a variety of sectors.

5.- Tax Incentives and Economic Zones:

Some regions offer tax incentives, especially in sectors such as manufacturing, technology and renewable energy.

6.- Strategic Sectors:

Opportunities in infrastructure, energy, telecommunications, tourism and technology. Spanish companies such as Iberdrola and BBVA already have a consolidated presence.

Detail of Products Imported and Exported between Mexico and Spain

Exports from Mexico to Spain

Mexico exports a wide range of products to Spain, highlighting sectors such as energy, food and manufacturing:

1.- Energy:

• Crude oil: It represents 601% of Mexican exports to Spain.
  • Natural gas and derivatives.

2.- Food and Agriculture:

• Avocados and mangoes.
  • Fresh vegetables: Tomatoes, onions and chilies.
  • Coffee products: Green and roasted coffee.
  • Tequila and mezcal.

3.- Manufacturing:

• Vehicles and auto parts.
  • Electric motors and generators.
  • Chemicals and pharmaceuticals.

4.- Mining:

• Silver, zinc and copper.

Exports from Spain to Mexico

Spain mainly exports manufactured products, machinery and consumer goods:

1.- Automotive:

• Vehicles and buses.
  • Parts and components for the automotive industry.

2.- Technology and Machinery:

• Industrial and agricultural machinery.
  • Household appliances and electronic equipment.

3.- Chemical and Pharmaceutical Products:

• Medicines and vaccines.
  • Specialty chemicals.

4.- Food and Drinks:

• Olive oil.
  • Serrano ham and sausages.
  • Wines and spirits.
  • Canned fish.

5.- Fashion Products:

• Clothing and footwear.
  • Accessories and jewelry.

Expansion Opportunities

1.- Renewable Energy:

• Spanish companies such as Iberdrola and Acciona are investing in wind and solar projects in Mexico.

2.- Tourism and Hospitality:

• Spanish investment is key in hotel chains and resorts in tourist destinations such as Cancun and Riviera Maya.

3.- Technology and Startups:

• Mexico is a growing market for technological solutions, fintech and e-commerce.

4.- Infrastructure:

• There is demand for investment in road, port and railway projects.

Future Perspectives

Despite some recent diplomatic challenges, trade and investment relations between Mexico and Spain continue to strengthen. Both countries are exploring new areas of collaboration, such as sustainability, digitalization, and technological innovation. These alliances reinforce their position as strategic partners both economically and culturally.