Published on Thursday, October 20, 2022 | Updated on Saturday, October 22, 2022

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

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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