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Overview of the Construction and Mining Industry in Mexico and How to Buy Equipment.

Mexico

Mexico is a North American country sharing borders with the United States, the Ocean, the Gulf of Mexico, and Guatemala.

Mexico has a population of 127.6 million.
Capital: Mexico City.
Official Languages: Spanish
Total Area: 1.973 million km²
Currency: Mexican peso ($, Mex$)

Economic Statistics of Mexico

As of 2019, Mexico had a Gross Domestic Product (GDP) of 1.26 trillion USD and is now projected to be at 1.30 trillion USD by 2025.

Economic Sector Divide

The per industry share in the GDP is:

Agriculture: 3.47%
Industry: 30.15%
Services: 60.51%

Trade Statistics

The main import-export partners of the country are:

Major Import Partners

China: 14.4%
United States: 54.4%
Germany: 3.73%
Brazil: 1.17%
Spain: 1.12%

Main Export Partners

United States: 75.1%
China: 1.85%
Germany: 1.82%
Chinese Taipei: 1.45%
South Korea: 1.13%

Industries of Mexico

Mining Industry of Mexico

The mining industry of accounts for 8.3% of the industrial Gross Domestic Product (GDP) and 2.5 % of the overall GDP of the country – it contributed 12.69 billion USD in 2019. The industry is also among the major job producers in the country.

The industry is the worlds leading producer of silver and has abundant coal reserves. However, the most prominent out of the 12 minerals produced in Mexico include fluorspar, graphite, and strontium. These three are the most demanded minerals by the United States.

Moreover, the Mexican mining industry is also the recipient of the world’s 4th largest Foreign Direct Investment (FDI). Numerous foreign companies bring in billions of dollars of investment thanks to the mineral-rich Mexican Land.

Thus, it’s safe to say that the mining industry in Mexico is an excellent place to do business. You can take advantage by importing world-class mining equipment from Camamach at competitive rates.

Construction Industry of Mexico

The construction industry of Mexico accounted for 7.2% of the GDP in 2019. The revenue generated by the construction industry amounted to 517.8 billion Mexican pesos in 2019.

According to reports, the Compound Annual Growth Rate (CAGR) is expected to grow by 7.6% by 2024. The residential, commercial building, and infrastructure construction sectors increased the CAGR by 2.8%, 7.7%, respectively, in the 2015 to 2019 development period.

Though it has been severely impacted by COVID-19, the vaccine rollout indicates that it will pick up the pace again. As that happens, the market for high-quality construction equipment will be hot. You can take advantage of the opportunities and get equipment from Camamach, where you’ll find everything you are looking for at comparatively better rates.

Seaports and Trading Hubs of Mexico

The top 5 major seaports of the country are:

Port of ManzanilloPort of Altamira
Port of Veracruz
Port of Lazaro Cárdenas.
Port of Ensenada

For imports, Camamach uses the Port of Manzanillo.

What heavy machinery or equipment does Mexico Import?

Mexico has some of the world’s highest mineral deposits. The mining sector has a major impact on economic performance. The construction sector is expected to expand as well. Some imported machinery includes Mobile Crushers, Grinding Equipment, Heavy Duty Trucks , Concrete Batching Plants, Beneficiation Equipment, etc.

What regulations are there on importing equipment to Mexico?

All Mexican importers need to be registered with the Padrón de Importadores, the official register of importers run under the Secretariat of Finance and Public Credit (SHCP)

Documentation

The basic documentation includes:

Import Request (Pedimento de Importación)
Commercial Invoice
Identification information
Certificate of Origin.
Insurance Certificate
Detailed Commercial Description
Verification of adherence to non-tariff guidelines
Detailed Invoice from the supplier
Certificate of weight and volume.
Guarantee of Payment of additional duties (if applicable).

For complete details on import regulations and guidelines, visit the Mexican government’s website.

Why should Mexico import equipment?

Availability: When compared to domestic manufacturers, foreign producers normally have no lack of equipment.
High Equipment Cost: Domestic manufacturers are often more expensive than their international competitors.
Equipment Quality: International vendors consider every factor and have a variety of other benefits that customers prefer in the longer term.

Where Can I Buy Equipment for Mexico ?

Camamach has been exporting equipment in Mexico for years. Feel free to contact us at [email protected] or WhatsApp us at +86-131-2037-9271 for a FREE quotation. We also ship worldwide; for other countries, check out our experience here.