Bilateral Trade

Mexico was Canada’s third-largest source of imports, while Canada ranked as Mexico’s second-largest export destination. In 2023, trade between the two countries grew by 4.6% compared to the previous year, highlighting strong opportunities for continued growth and deepening trade ties.

Mexican companies are increasingly looking to diversify their operations beyond the United States. In this context, Canada becomes a strategic country, especially for companies with a high level of technology, innovation as well as agroindustrial sectors.

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