MEDIUM RISK for enterprise
Economic risk
Business environment risk
Political risk
Commercial risk
Financing risk
Economic risk
Business environment risk
Political risk
Commercial risk
Financing risk
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GDP | USD1149.919bn (World ranking 15, World Bank 2017) |
Population | 129.16mn (World ranking 10, World Bank 2017) |
Form of state | Federal Republic |
Head of government | Andrés Manuel Lopez Obrador (President) |
Next elections | 2024, presidential |
(% of total)
Exports | Rank | Imports |
---|---|---|
United States
74%
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1 |
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Canada
6%
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2 |
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China
3%
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3 |
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Germany
1%
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4 |
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Japan
1%
![]() |
5 |
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(% of total)
Exports | Rank | Imports |
---|---|---|
Road vehicles
23%
|
1 |
14%
Electrical machinery, apparatus and appliances, n.e.s.
|
Electrical machinery, apparatus and appliances, n.e.s.
11%
|
2 |
10%
Road vehicles
|
Telecommunication and sound recording apparatus
9%
|
3 |
7%
Telecommunication and sound recording apparatus
|
Office machines and automatic data processing machines
6%
|
4 |
6%
Other industrial machinery and parts
|
Other industrial machinery and parts
5%
|
5 |
5%
Petroleum, petroleum products and related materials
|
Low
Medium
Sensitive
High
Payments
Court proceedings
Insolvency proceedings
Payments
Court proceedings
Insolvency proceedings
The court system is complicated by its federal structure and it is known for a lack of transparency and independence. Business disputes are not dealt with by specialized judges and in practice the fast track mechanisms which could facilitate proceedings when the claim is straightforward cannot be relied upon. Overall, procedural delays and costs are significant and pre-legal action remains the most efficient means of collecting debt.
The debt restructuration process is not efficient at all, and proceedings may last for years (ex. Mexicana). As a result, liquidation is in practice the default procedure when the debtor becomes insolvent and the chances of collect debt through this channel are very low.
Contact Euler Hermes
Economic Research Team
research@eulerhermes.com
Georges Dib
Economist for Latin America, Spain and Portugal
georges.dib@eulerhermes.com