Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697724821279.pdf (Canada)
TRADE AND INVESTMENT CANADA–MEXICO MEXICO'S PROFILE Economic Indicators Gross domestic product (GDP) at purchasing power parity (PPP): US$2.4 trillion (2020) GDP per capita at PPP: US$18,800 (2020) Population: 128.9 million (2020) International merchandise exports and imports: 75.3% of GDP at official exchange rates (2020) Canada's 3 largest merchandise trade partner (2020) rd Canada's 8 largest services trade partner (2019) th World Competitiveness ranking: 48 among 141 countries (2019) th Notable Trade and Investment Agreements between Canada and Mexico Canada–United States–Mexico Agreement (2020) Comprehensive and Progressive Agreement for Trans‑Pacific Partnership (2018) Canada–Pacific Alliance Free Trade Agreement (under negotiation) FUNDAMENTALS The Series The Library of Parliament's Trade and Investment series: provides information on Canada's trade and investment relationship with the world and with selected countries; describes the trade relationship of each of Canada's 10 provinces and three territories with the world; and presents Canada's merchandise trade relationship with each of the United States' 50 states.
All dollar amounts are in Canadian dollars unless otherwise noted.

Numbers have been rounded.

Definitions appear at the end of the profile.

This Profile The merchandise trade data are customs‑based; the services trade data and foreign direct investment data are balance of payments–based.

The five most highly valued merchandise export and import categories have been identified using values for 2020.
The Sources for the "Economic Indicators" Section World Bank's World Development Indicators database GDP at PPP, GDP per capita at PPP, population, and international merchandise exports and imports as a share of GDP All figures were prepared using Statistics Canada data available in summer 2021.

Statistics Canada For the data tables used to generate the figures, see the HTML version of this profile at Trade and Investment Series 2020.
Merchandise and services trade rankings World Economic Forum's Global Competitiveness Report World Competitiveness ranking Andrés León Economics, Resources and International Affairs Division Parliamentary Information, Education and Research Services Publication No.
2021-516-E 20 August 2021 CANADA'S MERCHANDISE TRADE WITH MEXICO Merchandise Trade ($ billions) 50 40 30 20 10 0 -10 -20 -30 -40 2000 2005 2010 2015 2020 Exports Imports Balance Share of the Total Value of Canadian Trade 7% 6% 5% 4% 3% 2% 1% 0% 2000 2005 2010 2015 2020 Exports Imports Share of Exports by Province/Territory Bilateral merchandise trade in 2020: $36.1 billion Exports: $6.1 billion, a 16.0% decrease from 2019 Imports: $29.9 billion, a 19.1% decrease from 2019 Trade deficit in 2020: $23.8 billion, a decrease from $29.7 billion in 2019 Exports in 2020: 1.2% of the total value of Canadian exports, unchanged from 2019 Imports in 2020: 5.5% of the total value of Canadian imports, a decrease from 6.1% in 2019 Highest‑valued exporters in 2020: Ontario – $2.6 billion, a decrease from $3.2 billion in 2019 Quebec – $1.3 billion, a decrease from $1.8 billion in 2019 Ontario British Columbia Alberta Manitoba Quebec Saskatchewan Atlantic provinces Territories Share of Exports by Sector 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2010 2012 2014 2016 2018 2020 Manufacturing Resources Most Highly Valued Exports by Product Category ($ billions) 5 4 3 2 1 0 2013 2014 2015 2016 2017 2018 2019 2020 Motor vehicles‚ parts Oilseeds‚ seeds‚ etc.
Machinery and equipment Electrical‚ electronics‚ etc.
Cereals Share of Imports by Sector 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2010 2012 2014 2016 2018 2020 Manufacturing Resources Exports in 2020: Resource‑based goods – 18.3%, an increase from 12.2% in 2019 Manufactured goods – 81.7%, a decrease from 87.8% in 2019 Highest‑valued exports in 2020: Motor vehicle parts and canola seeds, together accounting for 27.0% of the total value of Canadian exports to Mexico Motor vehicle parts: $1.0 billion, a decrease from $1.1 billion in 2019 Canola seeds: $658.6 million, an increase from $522.0 million in 2019 Imports in 2020: Resource‑based goods – 9.2%, an increase from 7.2% in 2019 Manufactured goods – 90.8%, a decrease from 92.8% in 2019 Most Highly Valued Imports by Product Category ($ billions) 30 25 20 15 10 5 0 2013 2014 2015 2016 2017 2018 2019 2020 Motor vehicles‚ parts Electrical‚ electronics‚ etc.
Machinery and equipment Specialized instruments Vegetables Trade Balance by Product Category ($ billions) Agriculture and food Metals‚ mines and energy Forest products Machinery and equipment Transportation equipment Clothing and textiles Other manufactured goods -15 -10 -5 0 5 Highest‑valued imports in 2020: Motor vehicles and motor vehicle parts, together accounting for 18.9% of the total value of Canadian imports from Mexico Motor vehicles: $3.6 billion, a decrease from $4.9 billion in 2019 Motor vehicle parts: $2.1 billion, a decrease from $3.1 billion in 2019 Largest merchandise trade deficit in 2020: Machinery and equipment, at $11.4 billion Largest merchandise trade surplus in 2020: Forest products, at $7.2 million CANADA'S SERVICES TRADE WITH MEXICO Services Trade ($ billions) 5 4 3 2 1 0 -1 -2 -3 1999 2004 2009 2014 2019 Exports Imports Balance Services Trade by Type ($ billions) 1.0 0.5 0.0 -0.5 -1.0 -1.5 -2.0 -2.5 -3.0 2015 2016 2017 2018 2019 Travel services Commercial services Transportation and government services Bilateral services trade in 2019: $6.2 billion Exports: $2.0 billion, an 8.8% increase from 2018 Imports: $4.2 billion, a 2.2% increase from 2018 Trade deficit in 2019: $2.2 billion, a decrease from $2.3 billion in 2018 Services trade deficit in 2019: Largely due to travel services trade Travel services Exports: $891.0 million Imports: $3.4 billion Commercial services Exports: $933.0 million Imports: $451.0 million Transportation and government services Exports: $157.0 million Imports:
 $334.0 million CANADA'S FOREIGN DIRECT INVESTMENT WITH MEXICO Stock of Foreign Direct Investment ($ billions) 35 30 25 20 15 10 5 0 -5 2000 2005 2010 2015 2020 Canadian investment in Mexico Mexican investment in Canada Share of Foreign Direct Investment Stock 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% -0.5% 2000 2005 2010 2015 2020 Canadian stock of foreign direct investment (FDI) in Mexico as % of total Canadian FDI abroad Stock of FDI in Canada of Mexican origin as % of total FDI in Canada Stock of Canadian direct
 investment in Mexico in 2020: $28.8 billion, a 7.3% increase from 2019 Mexico as a destination for Canadian foreign direct investment among the 129 countries for which data were available for 2020: 9 largest th Stock of Mexican direct investment in Canada in 2020: $2.3 billion, unchanged from 2019 Mexico as a source of foreign direct investment in Canada among the 62 countries for which data were available for 2020: 25 largest th 2.0% of Canada's foreign direct investment stock was in Mexico in 2020, an increase from 1.9% in 2019 0.2% of the foreign direct investment stock in Canada was of Mexican origin in 2020, unchanged from 2019 DEFINITIONS Definitions Used Throughout the Series Balance of payments–based data Data that indicate the value of transactions between a country's residents and non‑residents.
Customs‑based data Data compiled from declarations that are filed with the Canada Border Services Agency and that are used to track the flow of goods into and out of Canada, with one exception: exports to the United States.

Since 1990, customs‑based data on most Canadian exports to the United States have been based on declarations filed with U.S. Customs and Border Protection.

Gross domestic product (GDP) Measure of an economy's total production in a given year.
Manufactured goods Finished or semi‑finished products resulting from the transformation of materials and substances into new products (North American Industry Classification System, or NAICS, codes 31 to 33), and the output of establishments primarily engaged in operating electric, gas and water utilities (NAICS code 22).
Merchandise trade Trade in physical goods, such as cars, wheat and iron ore. Resource‑based goods Products of the agriculture, forestry, fishing and hunting sector (North American Industry Classification System, or NAICS, code 11), and of the mining, quarrying, and oil and gas extraction sector (NAICS code 21).

Services trade Trade in travel, transportation, government and commercial services.
Travel services are goods and services purchased abroad by travellers, with one exception: cross‑border transportation.

Transportation services are the transportation of goods and cross‑border travellers, and related services.

Government services arise largely from official representation and military activities, and some governmental commercial activities.
Commercial services are all other services, such as management, financial or engineering services; this category also includes charges for the use of intellectual property.

Trade balance Difference between the value of exports and the value of imports.

There is a trade surplus if the value of exports exceeds the value of imports.

There is a trade deficit if the value of imports exceeds the value of exports.
Definitions Specific to the Profiles for Countries and Regions Foreign direct investment (FDI) Investment that provides an investor with ownership of at least 10% voting equity in an enterprise that is located in a country other than the investor's country of residence.

The stock of FDI is the value of the accumulated equity owned by investors abroad; the stock changes from year to year based on various factors, including flows of FDI.
Purchasing power parity (PPP) Ratio of the prices in two countries for identical goods and services.

It is used to adjust economic indicators to account for international price differences.

With a calculation of GDP at PPP, a given good or service has the same price in each country.

Definition Specific to the Profile for Canada's Foreign Direct Investment Relationship with the World Foreign majority‑owned affiliates Enterprises in which a foreign business owns more than 50% of voting shares.
Definitions Specific to the Profile for the European Union EU‑13 The 13 countries that joined the European Union between 2004 and 2013: Bulgaria, Croatia, Cyprus, Czechia, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Romania, Slovakia and Slovenia.

EU‑14 Fourteen of the 15 countries that became members of the European Union before 2004: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain and Sweden.
The 15 country, the United Kingdom, withdrew from the European Union on 31 January 2020. th Definitions Specific to the Profiles for Provinces and Territories Basic prices Prices received by sellers.

They exclude both taxes and subsidies on products.

Market prices Prices paid by buyers.

They include taxes net of subsidies on products.