Trade commodities in Mexico
Mexico is a significant crude oil producer and exporter through state-owned Pemex, and a major exporter of silver, beer, avocados, and automotive parts. The country is the world's largest silver producer, accounting for nearly a quarter of global output. Mexico's proximity to the US and its USMCA membership make it a strategic commodity trade corridor.
What Mexico sells and buys.
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Mexico's commodity trade profile
Mexico is a major crude oil exporter (Maya, Olmeca, Isthmus blends: primarily to US Gulf refiners configured for heavy sour) and silver exporter (~20% of global production from Fresnillo, Newmont Peñasquito, and others). On the import side, Mexico is a major US corn buyer, refined petroleum products buyer, and increasingly natural gas buyer via cross-border pipelines. USMCA sets the framework for US-Mexico-Canada flows.
How commodity trade works in Mexico
MexDer (the Mexican Derivatives Exchange) hosts limited commodity futures volume: most discovery happens via NYMEX/CBOT. Pemex (state-owned) historically dominated upstream and exports; the 2014 energy reform opened private upstream activity, partially reversed by AMLO administration 2018-2024. Mexican-listed silver miners (Fresnillo plc, Industrias Peñoles) shape global silver supply.
Trading with Mexico counterparties
Payment customs: LC standard for new buyers, open account for USMCA-region trade. SAT customs filing required. Pemex term contracts run on TASA (price discovery) plus a buyer-specific differential. Dispute resolution: Mexican Center for Conflict Resolution (CAM) or international ICC seat.
Trading in Mexico.
- Major ports
- Manzanillo
- Lazaro Cardenas
- Veracruz
- Altamira
- Dos Bocas
- Free trade zones
- Lazaro Cardenas Special Economic Zone
- Puerto Chiapas Special Economic Zone
- Coatzacoalcos Special Economic Zone
- Key regulations
- Mexico's Tax Administration Service (SAT) manages customs and commodity trade. Pemex retains primary rights to oil exports, though energy reform has opened upstream activities to private companies. USMCA provides duty-free access for most commodities traded with the US and Canada.
Find the exporters and importers in Mexico.
The CTX Directory maps the companies headquartered in Mexico and the ones that buy from it, by commodity and role, with the decision-makers to unlock.
Find your counterparties in Mexico.
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