Mexico | Nearshoring and BBVA Mexico's role in boosting Mexican exports

Summary

The North American Free Trade Agreement (NAFTA) has increased the relevance of foreign trade in the Mexican economy, and led to a deep structural change of the Mexican economy.

Key points

• Key points:
• Manufacturing's share on exports is currently about 86%, while before Nafta this contribution was about 50%.
• NAFTA led to a massive Nearshoring process, especially from the USA which accounted for about half of investment flows to Mexico.
• As well as leading the way in manufacturing credit, BBVA Mexico offers specialized financial products to companies specializing in foreign commerce.

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