Mexico Tenders

Get access to latest Mexico tenders and bids. Find business opportunities and business intelligence from public and private procurement in Mexico. Find international bid invitations and information about tenders, bids, procurement, RFPs, RFQs, ICBs and detailed analysis across all sectors from Mexico.

The economy of Mexico is a developing market economy. It is the 15th largest in the world in nominal GDP terms and the 12th largest by purchasing power parity, according to the International Monetary Fund. The Mexican economy has had unprecedented macroeconomic stability, which has reduced inflation and interest rates to record lows and has increased per capita income. In spite of this, enormous gaps remain between the urban and the rural population, the northern and southern states, and the rich and the poor. Some of the unresolved issues include the upgrade of infrastructure, the modernization of the tax system and labor laws, and the reduction of income inequality. Tax revenues, altogether 19.6 percent of GDP in 2013, were the lowest among the then 34 OECD countries. The economy contains rapidly developing modern industrial and service sectors, with increasing private ownership. Recent administrations have expanded competition in ports, railroads, telecommunications, electricity generation, natural gas distribution and airports, with the aim of upgrading infrastructure. As an export-oriented economy, more than 90% of Mexican trade is under free trade agreements with more than 40 countries, including the European Union, Japan, Israel, and much of Central and South America. The most influential FTA is the United States-Mexico-Canada Agreement (USMCA), which came into effect in 2020, and was signed in 2018 by the governments of the United States, Canada and Mexico. In 2006, trade with Mexico's two northern partners accounted for almost 90% of its exports and 55% of its imports.