CKY goes into MEXICO market

Mexico is a free market economy. Its economic strength ranks fourth in the Americas and thirteenth in the world. With modern industry and agriculture, the proportion of private economy is also greatly increased. After the formal establishment of the North American Free Trade Area in 1994, the trade and investment exchanges between Mexico and the United States increased rapidly, which greatly promoted economic development and increased national income.

Mexican textile and apparel market highlights.

Mexico is one of the major textile and apparel trading countries in the world. The textile and clothing industry is a traditional advantageous industry and plays an important role in Mexico’s national economy. Mexico's textile and apparel industry has relatively complete products. All kinds of clothing, fabrics, yarns, non-woven fabrics, narrow-width blended fabrics, knitted fabrics, denim, and plain weave fabrics are traditional Mexican textiles.

In the first half of 2015, Mexico exceeded Bangladesh and became the fifth-largest source of U.S. clothing imports. The top four are: China, Vietnam, South Korea and Malaysia. The United States is the most important market for Mexican apparel products.

Mexico has sufficient labor resources. The basic and young, high-quality population structure of the second largest population in Latin America provides guarantees for its adequate and low-cost labor supply. In recent years, Mexico’s garment industry has stepped out of processing and exporting with a low labor force. At the stage, international standards are adopted and value-added and apparel products are fashionable. According to the requirements of the US consumer and apparel sales industry, the cycle of clothing supply is only 3 weeks.

Mexico imports of textile and apparel data.

In 2015, Mexico’s total textile imports amounted to US$15.79 billion, an increase of 4.9% year-on-year; the total amount of related products imported from China reached US$3.61 billion, a year-on-year increase of 15.5%. Mexico is one of the world’s major textile and apparel trading nations, and the textile and garment industry It plays an important role in Mexico’s national economy.