Enrique Peña Nieto
The value of Mexican crude oil exports totaled $49.4 billion in 2011, which is significantly larger than the $35.9 billion worth of crude Mexico exported in 2010, when it ranked as the 10th largest oil exporter according to the United Nations Commodity Trade Statistics Database, A.K.A., UN Comtrade.
- Railway and tram equipment
Type of economy
What do they trade to the US?
The top export categories (2-digit HS) in 2013 were: Machinery ($38.5 billion), Electrical Machinery ($36.7 billion), Mineral Fuel and Oil ($23.0 billion), Vehicles ($21.6 billion), and Plastic ($15.3 billion).
Type of currency
Tariffs and taxes on imports and exports
Mexico has developed “Sectoral Promotion Programs” (PROSEC) that aims to reduce or eliminate tariffs on several sectors. The gradual elimination and reduction of import duties will conclude in 2013 and the tariff structure will have six basic rates: 0%, 5%, 7%, 10%, 15% and 20%.