Procurement, sourcing and import from Mexico

Purchasing products or services seems easy, but this is not always the case. How do you know that you have the best deal, especially if you haven’t done much business before in Mexico?

It already helps if you have a structured approach for your procurement and to keep your options open. Working with a local consultant or agency may help to identify more potential suppliers and to get the products that you just bought accross the border to their destination.

Find the right suppliers in Mexico

Mexico, situated in North America, is known for exporting a diverse range of products that highlight its manufacturing capabilities and agricultural resources. The country is renowned for exporting automobiles and automotive parts, with major manufacturers like Ford, General Motors, and Volkswagen operating production facilities there. This sector is crucial to Mexico’s economy and manufacturing prowess.

Wages in Mexico vary by industry and region. Generally, wages are lower compared to many developed countries, which has made Mexico an attractive destination for manufacturing and assembly operations. The cost of living in cities like Mexico City, Monterrey, and Guadalajara can vary, influencing disposable income levels.

Mexico is also a significant exporter of electronics and electrical machinery, including televisions, computers, and medical devices. The country has a strong presence in the aerospace industry, exporting aircraft parts and components. Additionally, Mexico exports agricultural products such as avocados, tomatoes, and berries, benefiting from its fertile land and diverse climate.

In addition to its export strengths, Mexico offers attractive options for outsourcing and investment, particularly in industries like automotive manufacturing, electronics assembly, and aerospace engineering. The country’s strategic location, trade agreements, and skilled labor force make it a preferred destination for North American markets and global supply chains.

Shipping your products

If you purchase tangible products, you have to ship them out of the country. Depending on the country where you want these goods, this may have implications.

First of all you may have to pay import duties or settle VAT. There are certain thresholds for both of these charges, e.g. while importing in the EU you don’t have to pay import duties on any shipment worth less than € 150.

There may also be non-financial barriers, like certifications or approvals to be obtained. Especially for food, cosmetics or medicine this may be the case. Check this in advance, even before you invest in your marketing.

VAlidate the HS-codes you use for shipping

Almost every country or trade block in the world has its own detailing on the international HS-code list. With our report you strongly reduce the risk on misclassifications, delays and higher custom duties than expected.

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A structured sourcing approach in Mexico

Step 1

Supplier search

Try to identify in total 6 to 10 possible suppliers and check their websites. Approach them with a general request to see whether they have the products or services you need.

Step 2

Supplier selection

Submit your requirements to a group of three to five selected suppliers and ensure you get the right comparable quotations to make a choice. Negotiate with one or two of them to get the best result.

Step 3

Supplier management

Now start collaborating, making sure you have an efficient ordering process and limited risks where it comes to quality control and shipping the products.