Mexico: Singapore’s main trading partner in Latin America

Trade between Mexico and Singapore has seen significant growth since 2025, reaching US$11.4 million—a 26% year-over-year increase—according to data from the Singapore Ministry of Trade and Industry. As a result, Mexico has established itself as Singapore’s leading trading partner in Latin America and the Caribbean.

This momentum reflects expanding business opportunities between the two economies, particularly in strategic sectors such as advanced manufacturing, electronics, medical equipment, and agribusiness.
The strengthening of trade has been accompanied by greater sectoral diversification: integration of value chains and growth of industries linked to innovation and technology. The Mexico-Singapore Chamber of Commerce highlighted that this trend opens the door to expanding collaboration in logistics, technological development, and productive investment.

The Chamber’s General Director, Gerson Garduño, acknowledged the participation of the Mexican Embassy, business organizations, and strategic partners that have contributed to the development of this economic relationship.

The growth of bilateral trade also points toward greater deepening of investments and strategic alliances. The Chamber forecasts that the increase in trade will continue to drive joint projects, particularly in specialized manufacturing, applied technology, and logistics integration.