Mexico ranks in the second position in terms of number of active business in North America with approximately 2,440,000 companies.
Although the country’s extension is pretty small compared to the other North American giants such as Canada and the US, Mexico has a high number of companies placing it among the top 20 countries in the region (in terms of number of active companies).
The Mexican market is very interesting if we refer to turnover. As a matterof fact, only about 8.5% of Mexican companies have a turnover below 10 million: it is a surprising data if compared to the other top players in the area.
From the graphic above we can see how the Retail Trade market is the first sector with a percentage of 29,49%.
In the second and the third place we find the Manufacturing and the Wholesale Trade sector with represent respectively 19,83% and 13,84% of the whole market.
The Retail Trade sector comprises establishments engaged in retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. The retailing process is the final step in the distribution of merchandise; retailers are, therefore, organized to sell merchandise in small quantities to the general public. This sector comprises two main types of retailers: store and nonstore retailers.
The Manufacturing sector comprises establishments engaged in the mechanical, physical, or chemical transformation of materials, substances, or components into new products. Establishments in the Manufacturing sector are often described as plants, factories, or mills and characteristically use power-driven machines and materials-handling equipment.
The Wholesale Trade sector comprises establishmentsengaged in wholesaling merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. The merchandise described in this sector includes the outputs of agriculture, mining, manufacturing, and certain information industries, such as publishing. Wholesalers sell merchandise to other businesses and normally operate from a warehouse or office. These warehouses and offices are characterized by having little or no display of merchandise.
In light of the above and given the percentage of companies with a turnover over 10 million, we could say Mexico is a very important player in the North American area. For this reason, Mexico could be an interesting market for all those companies looking for strategic partners to set common goals with towards a common growth.