Trade and Investment
In 2017, Philippine-Mexico bilateral trade reached US$ 661.88 million (in favor of the former). Mexico moved from the 25th in 2016 to 26th place in 2017, out of 184 Philippine trading partners. Mexico was PH’s 17th export market (out of 214) and the 42nd import source (out of 196). Trade between the Philippines and Mexico is largely on electronics, circuits, converters, spectacles and data processing equipment.
The Philippines enjoys robust economic relations with Mexico, particularly in investments. Among the Mexican companies present in the Philippines are Cementos Mexicanos (USD 1.2B since 1998), Kidzania (a children’s interactive learn/play center, 2015), and Mabe (kitchen and household appliances, 2014).
In Mexico, Philippine-owned International Container Terminal Services, Inc., currently operates two terminals in Manzanillo and Veracruz, while IMI (Integrated Micro-Electronics), Inc., a subsidiary of the Ayala Corporation and one of the top 50 electronics manufacturing service providers in the world, established a manufacturing site in Mexico in 2011.
More recently, global liquor company Emperador Inc., owned by Mr. Andrew Tan, purchased major Mexican brands such as Presidente (Mexico’s no. 1 Brandy), Azteca de Oro and Don Pedro. The buy-out expanded Emperador´s global market, particularly in Latin America, making it the largest brandy producer in the world.
DTI opened its first Philippine Trade and Investment Center (PTIC) south of the US in Mexico City on 01 May 2016. PTIC-Mexico aims to develop trade and investment opportunities in Mexico, as well as in Central and South America. For more information please visit PTIC-Mexico's webpage: https://www.dti.gov.