Our office has been promoting Japan’s international trade relations with Mexico since 1958. Japan and Mexico continue to be valuable trade partners today.
Mexico is the number one destination for Japanese exports to Latin America. It exports more than double to Mexico than it does to Brazil.
Japan is Mexico’s sixth largest trading partner and one of the most important markets for Mexican agri-food exports.
Japan and Mexico have two free-trade agreements, the Japan-Mexico Free Trade Agreement which took effect in 2005 and TPP11 (The Comprehensive and Progressive Agreement for Trans-Pacific Partnership) which took effect in 2018. These agreements have helped augment Mexican exports to Japan especially in recent years.
Many Mexican products have a strong presence in the Japanese market.
Mexico is the number one exporter of avocados, mangoes and asparagus to Japan.
Mexico is also a top exporter of pork and beef into Japan.
65.8% of the bluefin tuna imported by Japan, used especially for sushi, comes from Mexico. These large fish grow in the waters of Baja California and are exported directly to Japan by airfreight.
The growing number of Japanese restaurants in Mexico has boosted the importation and sale of Japanese wagyu beef and sake.
We are also promoting Japanese films, music, animation, digital content and content and video games, which are becoming more popular in Mexico.
We also promote Japanese investments in Mexico and Mexican investments in Japan.
Japan is Mexico’s fourth largest investor. Significant Japanese investments have been made in the automotive, plastic and steel industries over the years.
In 2012 there were 546 Japanese companies in Mexico and today the number has more than doubled to about 1300.
In line with global trends, Mexico’s automotive industry is seeing a shift towards electro mobility and achieving zero-emissions.
We are now inviting Mexican companies to invest in Japan, especially start-ups that can address key challenges in Japan, such as an aging population and food security.
We are looking for excellent Mexican start-ups that we can introduce to Japanese companies.