European Commission Directorate-General for Trade

Mexico

In terms of trade value, Mexico ranks 21th among EU trade partners and 18th amongst its export partners. The EU is Mexico's second biggest export market after the USA, and the third largest source of imports after US and China. The EU and Mexico have concluded a Free Trade Agreement which entered into force in October 2000. The bilateral stock and flow of investment is significant.

The EU-Mexico FTA is broad and comprehensive and covers trade in goods and services and has specific chapters on access to public procurement markets, competition, intellectual property rights and investment.

The agreement is overseen by a Joint Committee and Special Committees that meet once a year, and by a Joint Council that meets biannually at higher political level. The closeness of the EU-Mexico trade partnership is reflected at the multilateral level, where the EU and Mexico have cooperated in WTO Doha Round negotiations.

The bilateral stock and flow of investment is significant

Trade in goods

• EU goods imports from Mexico 2009: €9.9 billion
• EU goods exports to Mexico 2009: €15.9 billion

The EU's key imports from Mexico are mineral products (24%), machinery and electric equipment (21.7%), transport equipment (18.7) and optic photo precision instruments (10.1%). Key EU exports to Mexico include machinery and electric equipment (28.7%), transport equipment (14.5%), chemical products (14.4%), and mineral products (11.6%)

Trade in Services

• Exports to Mexico 2008: €4.8 billion

From Mexico, the EU buys travel, sea transport, air transport and construction services. The EU exports travel, sea transport, air transport and computer and information services.

Foreign Direct Investment

• EU FDI stock in Mexico 2008: €49.0 billion
• Mexican FDI stock in EU 2008: €11.4 billion
• EU investment flows to Mexico 2008: €5.6 billion
• Mexican investment EU FDI flow 2008: €0.9 billion

More statistics on Mexico

FTA review clauses

The EU-Mexico Free Trade Agreement foresees that both parties will review and further liberalise trade in agricultural goods, services and investment. Discussions on the review are ongoing  and will hopefully be concluded successfully soon.