Economy of Mexico
Mexico’s system of production, trade, finance, and consumption combines manufacturing, services, natural resources, and extensive international trade.
Manufacturing in Mexico: Mexico’s manufacturing sector produces goods for domestic and international markets, especially in automobiles, electronics, and machinery. Manufacturing, particularly export-oriented production, is a major engine of Mexican output and trade.
United States–Mexico–Canada Agreement: A 2020 trade agreement among Canada, Mexico, and the United States that replaced NAFTA. Its rules govern much of Mexico’s trade with its largest export market and its North American partners.
Mexico–United States trade: The exchange of goods and services between Mexico and the United States, two closely integrated economies. The United States is Mexico’s dominant trade partner, making this relationship central to exports and imports.
Mexican Revolution: A major armed conflict beginning in 1910 that transformed Mexico’s political and social order. Its land and labor reforms helped shape the institutions behind modern economic development.
Poverty in Mexico: The condition of lacking sufficient income or resources to meet basic needs in Mexico. Poverty rates show how economic growth and employment translate—or fail to translate—into household well-being.
Services in Mexico: Mexico’s service sector includes commerce, transport, finance, tourism, telecommunications, and public services. Services account for a large share of employment and economic output beyond manufacturing.
Maquiladora: A factory in Mexico operating under arrangements that allow imported inputs to be assembled for export. Export assembly plants illustrate how cross-border production is organized in Mexico.
Automotive industry in Mexico: Mexico’s production network for vehicles and automotive parts, serving domestic and export markets. Automobiles and parts are prominent exports and showcase integrated North American manufacturing.
Mexican Miracle: A period of rapid economic growth and industrialization in Mexico, generally dated from the 1940s to the 1970s. Import-substitution policies during this era built domestic industry before later market reforms.
Income inequality in Mexico: The unequal distribution of income among individuals and households in Mexico. Unequal earnings influence access to education, health care, and economic opportunity.