Exporting to Mexico: Challenges and Keys

Summary of the 2nd Webinar in the Global Gateway México series

Overview of Mexican Foreign Trade

Trade Surplus

$1,432.6 Billion in the first semester.

Increase in Revenue

+23% in customs revenue collection.

Moderate Growth

4.4% in exports and 1.2% in imports.

Main Challenges for Exporters

Regulatory Unfamiliarity

Lack of familiarity with the importers' registry, bureaucratic barriers, and non-tariff regulations.

Hidden Costs and Delays

Unforeseen taxes, waiting times, and relabeling at customs (15-30 day delays) can increase product cost.

Protection of the National Market

Mexico combats smuggling and undervaluation with estimated prices to protect local production.

Recommendations for a Successful Importation

1

Conduct a **feasibility study** with comprehensive costing and a 5-10% contingency fund.

2

Choose a **logistics operator and customs broker** with experience, professionalism, and transparency.

3

Ensure the **correct tariff classification** and **labeling** of the merchandise before shipping.

4

Take advantage of **Free Trade Agreements** (e.g., with the EU, Colombia) to exempt tariffs.

Recent Changes in Mexican Customs

  • Increased security: More documentation and appointments required for merchandise inspection.

  • More severe legal consequences: Mandatory pre-trial detention for smuggling has increased caution among operators and taxpayers.

The Solution: Virtual Landing