Mexico Trade Mexico is one of the countries that most depends on foreign trade.

Foreign trade represents around 60% of its GDP. Mexico has 11 free-trade agreements with 43 countries of the world. It is a member of NAFTA the free-trade agreement that unifies the United States, Mexico and Canada, since 1994. In 2010 it exported nearly $300 billion of goods, led by electronic and other machinery (38% of total), road vehicles and transportation equipment (17.8%), and mining and crude oil (14.6%). Mexico relies heavily on supplying the U.S. market but has also sought to diversify its export destinations. Eighty percent of Mexicos exports went to the United States in 2010, down from a high of nearly 90% in 2001. The country signed a free trade agreement with the European Union in 2000 and a commercial agreement with Japan came into force in April 2005. The United States buys 80% of Mexico's exports. Its main export partners are the NAFTA and the European Union. The main export goods are electrical and electronic equipment, vehicles, mineral fuels, oil and machinery. Its three main import partners are the NAFTA, China and Japan. It main imports are electrical and electronics equipment, machinery, vehicles and plastic products. In 2010, Mexican exports increased by 32% on the previous year. During the same period, international car sales increased sharply by 76.8%, which may also represent a threat of dependency for the Mexican economy. Mexico is also an active and constructive member of the World Trade Organization, the G-20, and the Organization for Economic Cooperation and Development. Country Strong Points - Mexico forms a bridge between North America and Latin America due to its geographical location - Strategic location: Mexico is located in between the main global consumer markets. It shares a border with the United States of more than 3,000 km; has quick access to the European market through the Atlantic Ocean and to the Asian market through the Pacific Ocean. - Mexico has an extensive variety of natural resources allowing for the development of all types of industries at competitive prices - Mexico is very open to direct foreign investments - Mexico is member of NAFTA with the United States and Canada. - Mexico has also built an extensive network of Free Trade Agreements (FTAs) with over 40 countries, such as the European Union, Japan Israel, and countries in South and Central America. These agreements liberalize the trade tariffs between countries and regions, and have made Mexico one of the most open countries to trade. The United States and Canada are the two biggest importers of Mexico's goods. - Low labor costs in general, there is a skilled labor force - Positive structural reforms have been made during the current presidential term - Mexico is the world's 8th tourist destination. Country Weak Points - The country depends excessively on its partnership with the United States - There is a high level of corruption - During the last few months, violence has increased especially the drug cartels

The country is encountering significant structural problems (economic and social).