Market Intelligence
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Mexco, Potential Delays for Steel Import Permits until 2025
The Mexican Tax Authority (SAT) has increased enforcement against tax evasion and smuggling.
There are key changes to the Tariff of the Law of General Import and Export Taxes and the IMMEX Program.
Mexico’s updated Annex 24 of the Foreign Trade General Rules now has stricter requirements.
U.S. companies exporting to Mexico should be aware of these updates as they could directly impact compliance and operational costs.
The cybersecurity market in Mexico is expected to continue growing as the digitalization efforts continue and cyber-attacks become more frequent.
The Mexican government is accepting comments on a new electromobility regulation.
With over 650 fintechs, Mexico is currently the largest fintech market in Latin America after Brazil and Colombia.
The Mexican Government restricted the importation of lubricants, certain fuels biodiesel, fuel additives, and chemicals into Mexico.
Mexico’s media, broadcasting, and film industry presents some niche opportunities for U.S. firms
Mexico has effectively decreased the number of used vehicle imports through regulations and requirements.
Upcoming FIFA World Cup 2026 will open numerous business opportunities in Mexico for U.S. firms.
U.S. exporters must monitor these rules affecting e-platforms and courier services.
The Mexican government has established temporary import tariffs ranging from 5% to 50% for 544 HS codes.
Mexican customs portal experienced delays and latency in processing import documents.