In these challenging Covid-times, future economic prospects are unpredictable and there is a great need for solid information. With this report we aim to contribute to prospective new business establishments in Mexico by drawing on past experiences.
Despite the contraction of the Mexican economy in 2020 by as much as 8.2 per cent, due to the Covid-19 outbreak, 70 per cent of the Swedish companies reported profits in Mexico for the year. Its geographical position and proximity to the US offers many opportunities, especially within the production industry. Given the continued tense relationship between China and the US, the advantages of Mexico as a country producing for the US market have become more apparent.
Given the positive results last year, Swedish companies are considering increasing their investments in Mexico next year. However, as Covid-19 pandemic continues, companies are still cautiously reviewing their future plans.
In Mexico, Sweden is regarded as being at the forefront of innovative, technical solutions, providing profiling possibilities under the “Swedish brand” umbrella. Technology and innovation is a priority for the Mexican government and its private sector alike.
The respondents do not believe that their customers take environmental aspects into account when making purchasing decisions. However, the share of the companies who reported that environmental aspects did influence the decision, increased from 22 per cent in 2020 to 34 per cent in this years’ survey.
Please download the report to fully overview the results with a detailed analysis.
ABOUT THE SURVEY
The Business Climate Survey is a tool used to map and understand the opportunities and challenges that Swedish companies face when doing business in Mexico. This year’s survey was sent to 60 Swedish companies established in Mexico, of which 47 actively responded, representing a participation rate of 78 per cent, allowing for an evaluation based on a representative cross section of the Swedish business community in the country.
