In
the past 10 years Mexico's economy has doubled, making it the
largest economy in Latin America. In 2003, Mexico had an estimated
$168.9 billion dollars in imports. In recent years it has signed
Free Trade Agreements, not only with the United States and Canada
(NAFTA), but the European Union, several of their Latin American
neighbors, as well as many Asian nations. These agreements mean
that approximately 90% of all trade with Mexico is tariff free.
In Mexico,
61% of plastics machinery imports are directed towards injection-molding
machines. Leading importers in this category are Japan, United
States and Germany. These three countries account for 58% of the
total amount of injectors imported.
Blow-molding
machines represent 23% of the total, and extruders represent 10.5%
of total imports. Thermoforming machines represent just 4% of
the total plastics machinery imports.
The three
leading plastics processing technology importers are United States
(19.34%), Germany (17.2%) and Italy (14.8%). The European market
is still the largest supplier of plastics machinery for the ALADI
countries, with 49%, followed by the United States market with
26% and the Asian market with 17%.
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