Mexico has the world’s eleventh largest population of 113 million people. As an emerging economy with considerable natural resources and a growing middle class, Mexico provides much opportunity for New Zealand trade and investment.
Due to its free trade agreement with the United States, the Mexican economy is heavily influenced by the highs and lows of the American economy. Mexico is currently looking for opportunities to trade with other countries to reduce its dependence on the United States, which currently buys 80 percent of their exports.
Mexico is consistently a major recipient of Foreign Direct Investment (FDI), even amongst the emerging economies of the world. In 2010, FDI into Mexico was US$17.7 billion.
Mexico was New Zealand’s 24th largest export market in 2010. The top exports were dairy, albumin and meat. Dairy products accounted for 62 percent of New Zealand’s exports to Mexico.
