Saturday, 02 December 2023
KaitaiaWhangareiDargavilleAucklandThamesTaurangaHamiltonWhakataneRotoruaTokoroaTe KuitiTaumarunuiTaupoGisborneNew PlymouthNapierHastingsDannevirkeWhanganuiPalmerston NorthLevinParaparaumuMastertonWellingtonMotuekaNelsonBlenheimWestportReeftonKaikouraGreymouthHokitikaChristchurchAshburtonTimaruWanakaOamaruQueenstownDunedinGoreInvercargill
NZ HeraldThe Northern AdvocateThe Northland AgeThe AucklanderWaikato HeraldBay Of Plenty TimesRotorua Daily PostHawke's Bay TodayWhanganui ChronicleThe Stratford PressManawatu GuardianKapiti NewsHorowhenua ChronicleTe Awamutu CourierVivaEat WellOneRoofDRIVEN Car GuideThe CountryPhoto SalesiHeart RadioRestaurant Hub
Voyager 2023 media awards
Subscribe

Advertisement

Advertise with NZME.
Home / Business

Mexico a growing option for trade with NZ companies

NZ Herald
Saveshare

Share this article

facebookcopy linktwitterlinkedinredditemail
Jorge Arguelles. Photo / Supplied

Jorge Arguelles. Photo / Supplied

Kiwi exporters looking to diversify their markets should not overlook opportunities arising in Mexico from a booming middle-class, says New Zealand's trade commissioner to the region.

New Zealand exports to Mexico were worth $363 million in the year to December 2010, making the country our 24th biggest trading partner.

Jorge Arguelles, New Zealand Trade Commissioner for Mexico, says New Zealand companies have not traditionally thought of the country as a priority market. "Mexico has been pretty stable though for the past 12 years," he said.

"The bigger middle-class is creating a lot more opportunities for New Zealand in terms of consumers."

Advertisement

Advertise with NZME.

There are 30 to 35 New Zealand companies operating in Mexico, said Mexico City-based Arguelles.

"We're seeing a lot more New Zealand companies trying to get into the market. It's better for companies to have this mix of export markets, so I would encourage them to discuss their plans with New Zealand Trade and Enterprise and create a business development plan with us."

A World Bank report out this week shows 17 per cent of Mexico's 113 million people joined the middle class ranks between 2000 and 2010.

A growing middle-class means more demand for high-protein products, of which New Zealand is a top producer, Arguelles said.

Advertisement

Advertise with NZME.

Dairy products already account for 62 per cent of New Zealand's exports and he would like to see that grow. But he said New Zealand should also be looking to push its other strong areas, such as agribusiness.

Mexican agricultural producers are open to innovative processes and products and there are opportunities around machinery and efficient technologies, he said. "It's well known that New Zealand is a world leader in terms of efficiency in agricultural production.

"We're trying to promote these products and services into Mexico."

Companies such as Tru-Test and Gallagher have been operating in Mexico for a number of years but Arguelles thinks there is room to grow. Other opportunities exist in the consumer-retail sector as urbanisation and rising income levels lead to increased consumer spending.

Related articles

Business

India: A force to be reckoned with

24 Oct 04:30 PM
Business

Cloud over dairy exporters

16 Nov 04:30 PM
Business

Actually - there's cause for optimism

18 Nov 04:30 PM
Business

Crayfishers feel pinch of China easing

18 Nov 04:30 PM

Children's clothing brand Pumpkin Patch officially launched in Mexico last week and Arguelles said he would like to see others follow suit.

Mexico Trade

* New Zealand and Mexico established a diplomatic relationship 37 years ago.

* Two-way trade was worth NZ$597 million in the December 2010 year.

* New Zealand's main imports from Mexico include electronic communications equipment, computer components and beer.

Saveshare

Share this article

facebookcopy linktwitterlinkedinredditemail

Advertisement

Advertise with NZME.

Latest from Business

New Zealand

New Bunnings store anchors large Taupō development

01 Dec 09:30 PM
Premium
Business

Steven Joyce: Centralisation isn’t working - it’s time to trust the regions

01 Dec 08:00 PM
Premium
Business

‘Substack has a Nazi problem’: Kiwi entrepreneur’s $1.1b media tech business in spotlight; Stuff's Circuit breaker

01 Dec 05:03 PM
New Zealand

'We get less for the wool than what it costs to shear it'

01 Dec 05:00 PM

Navigating the ‘decade of uncertainty’

sponsored

Advertisement

Advertise with NZME.

Latest from Business

New Bunnings store anchors large Taupō development

New Bunnings store anchors large Taupō development

01 Dec 09:30 PM

Plans have been released for a proposed new retail development in Taupō.

Premium
Steven Joyce: Centralisation isn’t working - it’s time to trust the regions

Steven Joyce: Centralisation isn’t working - it’s time to trust the regions

01 Dec 08:00 PM
Premium
‘Substack has a Nazi problem’: Kiwi entrepreneur’s $1.1b media tech business in spotlight; Stuff's Circuit breaker

‘Substack has a Nazi problem’: Kiwi entrepreneur’s $1.1b media tech business in spotlight; Stuff's Circuit breaker

01 Dec 05:03 PM
'We get less for the wool than what it costs to shear it'

'We get less for the wool than what it costs to shear it'

01 Dec 05:00 PM
How to make a win-win-win from waste
sponsored

How to make a win-win-win from waste

About NZMEHelp & SupportContact UsSubscribe to NZ HeraldHouse Rules
Manage Your Print SubscriptionNZ Herald E-EditionAdvertise with NZMEBook Your AdPrivacy Policy
Terms of UseCompetition Terms & ConditionsSubscriptions Terms & Conditions
© Copyright 2023 NZME Publishing Limited
TOP