Doing business in Mexico

Mexico is the second largest economy of Latin America and the #1 trade partner of the USA. Its ideal geographical location, wide variety of natural resources, solid infrastructure, young and available workforce, ample portfolio of trade agreements, and stable macroeconomics, make Mexico one of the most attractive emerging markets on the globe.

Why do business in Mexico?

Mexico is an emerging economy and open for business in a variety of industries. Here are a few reasons that make Mexico an attractive business destination:

Highest ranking country in Ease of Doing Business of Latin America (#60).
Located in North America, Mexico is the 15th largest economy in the world and the 2nd of Latin America.
Excellent geographical location: in the north Mexico´s #1 trade partner USA, to the south Latin America. Large variety of ports on both the Pacific and Atlantic Oceans provide access to economies around the world. Solid road- air- and rail network connects Mexico internally. In 2023, Mexico was de world´s 17th largest exporter.
Mexico is one of the emerging countries most open to foreign direct investment, the world’s 15th largest FDI recipient with a total stock of FDI of $US 649 billion (2022). Main investors: United States, Canada, Spain, Japan and Germany. Most foreign investment is in manufacturing (40%), financial advise, transportation, retail and wholesale trade, mining and communication.
Mexico is the country with the most trade agreements in the world: 13 Free Trade Agreements with 50 countries and another 30 other agreements with 31 other countries, thereby giving access to 61% of global GDP and over 50% of global trade.
Political stability.
Openness to work with foreign partners.
Skilled, young, and available workforce, both low-cost workers and high-quality experts.
History of solid macro-economic management (commitment to fiscal targets, sound debt management, flexible exchange rate, appropriate monetary policies).
The open economy has created a diversified economy with many dynamic sectors that compete globally.
The country is very well integrated into the world economic order: it is a member USMCA, OECD, G20 and the Pacific Alliance.
Mexico is home to a wide variety of natural resources, with 6 out of 8 mayor ecosystems present in the country.

At HHM, we aim to help you find practical answers to your questions. We can help you identify and capitalize on opportunities on the Mexican market through our tailormade service portfolio. Contact us to schedule an appointment to explore your possibilities.

Industries of Opportunity

Several industries in Mexico are particularly large in opportunities available for Dutch companies. HHM is organized around these industries of opportunity, without excluding sectors such as tourism, creative arts and sports.

Agribusiness

Promotion of advanced technologies, such as precision agriculture, IoT, and biotechnology.
12th biggest food producing country in the world.
13th biggest food exporting country in the world.
30 million hectares are dedicated to agriculture.
High demand for knowledge and expertise on agro-parks and agro-logistics.
Demand for Dutch and organic products.
Opportunities in the meat and meat products industry.
Opportunities in alternative protein production.
Growing demand for high-quality, gourmet, and organic products.
New practices in sustainable agriculture and innovation.
Boost for regenerative agriculture.
Focus on agro-industrial infrastructure development.

Agribusiness

Life Sciences & Health

Increased use of green technologies in health infrastructure.
Growing need for new health infrastructure with accesible healthcare services.
Rapidly aging population and chronic diseases need innovative solutions.
Increased consumer demand for digital health services and telemedicine.
Private services and expenditure have increased in the last years.
Imports of medical devices represent 90% of products sold in Mexico.
Mexico is one of the largest markets for cosmetics and personal care.

Energy & Maritime

2nd largest oil producer in the Americas, with projected growth in oil & gas production.
Demand on efficient gas usage as the main transition source.
Demand on infrastructure development, technology and equipment.
Demand for development and expertise in its 117 functional ports.
Pipeline and energy storage projects are key areas of focus.
Policy reforms and energy sovereignty initiatives under the Sheinbaum administration, leading to increased participation and interest in renewable technologies.
Mexico’s strategic location, USMCA trade framework, and the growing nearshoring trend.
Increasing participation and interest in renewable technologies, especially green hydrogen.
Vast energy resources, including high solar radiation, wind capacity, and geothermal sources.

Water & Climate Resilience

Water related climate challenges as droughts and floodings in rural, industrial and urban areas require technical expertise and innovation
Expected annual growth of 2% in water sector.
Growing interest in electric vehicles and sustainable mobility.
Circular Economy is integral to competitiveness and nearshoring opportunities.
Waste and wastewatermanagement
Agricultural water management
Coastal vulnerability
Air quality management
Circular economy
Disposition of Mexican government to take action to halt climate change

Tech

Testimonials

Holland House Mexico (HHM) was established in February 2019 to facilitate the success of Dutch companies in the Mexican market and to promote international trade, investment, and sustainable business development between The Netherlands and Mexico.