Mexico Hardware Show Exhibition Introduction
Expo Nacional Ferretera is an important professional exhibition in Latin American hardware, construction and electronics industries. Founded in 1989, the exhibition is held regularly every year in Guadalajara, Mexico, and has a history of 29 years. It is a large-scale trade exhibition sponsored by Reed Exhibitions Group, and is strongly supported by the Mexican Ministry of Industry and Commerce and the National Industrial Manufacturing Development Chamber. It is known as the world's three major hardware exhibitions together with the Cologne Hardware Fair in Germany and the American Hardware and Garden Show. It is also the largest international hardware exhibition in South America and Latin America. The exhibition is committed to introducing new industry trends and new products to exhibitors and visitors, and creating opportunities for companies to explore the Latin American market.
More than 1,200 companies from 26 countries displayed more than 500,000 products at the 2022 Mexico Hardware Show. In addition to major Latin American countries, there are also China, the United States, Canada, Italy, Germany, France, the United Kingdom, Switzerland, Turkey, Spain, and India. , well-known companies from South Korea, Japan and other countries participated. It has attracted more than 80,000 visitors from more than 33 countries, including more than 20,000 professional visitors from the industry, and the exhibition area is as high as 50,000 square meters. Among the many buyers, many are retailers and wholesalers from government agencies and the hardware industry.
Mexico, located in the southern part of North America, is a necessary place for land transportation between South and North America. It is known as the "land bridge" and is one of the countries with a high level of economic development in Latin America. Its gross domestic product (GDP) ranks third in the world. Latin America, second only to Brazil. It is one of the countries in the Group of 20 (G20), and as a member of the World WTO Organization and the North American Free Trade Area, it has signed free trade agreements with more than 40 countries in the world, and is very important to North America and even Latin America in terms of economic and trade exchanges. Areas have strong radiation effects.
Mexico is the central market of the Central and South American market, and through Mexico, goods can be exported to the United States and Latin American countries with low tariffs or even zero tariffs. Mexico has cheap local prices, rich resources, and developed industry and agriculture. In the past, Mexico's products mainly relied on the United States and Panama, and most of these products were imported from China. Therefore, Mexico wants to replace Panama and is willing to trade directly with Chinese companies. Many exporters who for various reasons suffer from onerous U.S. trade barriers have long looked to Mexico as a bridgehead into the U.S. market. Latin American countries neighboring Mexico, such as Guatemala and Belize, share languages with Mexico, and these Central American countries have signed free trade agreements with them. Mexican exhibitions are very attractive to their importers and exporters.
According to statistics, the total bilateral trade between China and Mexico reached US$86.6 billion in 2021, and the bilateral trade volume reached a new high, accounting for nearly 9% of Mexico's total foreign trade. Among them, China's imports from Mexico were US$19.16 billion, a year-on-year increase of 18.1%, and China's exports to Mexico were US$67.44 billion, a year-on-year increase of 50.4%. China is already Mexico's second largest trading partner in the world, and Mexico is also China's second largest trading partner in Latin America.